Cincinnatti -- Macy’s plans to close a store located in downtown St. Louis at the Railway Exchange Building on Olive Street, with a final clearance sale beginning Sunday, June 2 that is expected to last about 10 weeks. Macy’s plans to continue operating its other eight stores in the Greater St. Louis area.
As a result of closing the 189,000-sq.-ft.-location, Macy’s will lay off some or all of its 94 employees but will offer displaced associates other positions wherever possible. About 100 employees who work in corporate positions in offices in the Railway Exchange Building will be relocated to other facilities.
“We have worked hard to reinvigorate our downtown business, including remodeling, downsizing and re-focusing the store in 2011,” said Macy’s chief store officer Peter Sachse. “But unfortunately, the level of customer activity we see no longer justifies keeping the store open.”