Macy’s revealed the list of a handful of stores that it will close this year.
The department store giant plans to close six-full Macy’s stores in the first quarter of 2022 (locations at end of article). It also will close one Bloomingdale’s outlet, at Miromar Outlets in Estero, Florida, which will go dark by the end of Macy’s current quarter.
In November, during Macy’s third-quarter earnings call, CFO Adrian Mitchell told analysts that the company would announce 10 new store closings in January. As previously reported, Macy’s was on track to close 125 stores by 2023. Of that number, 60 are still open. On the call, Mitchell said that the company is reconsidering when it would close those locations.
“The delayed closure of certain stores allows us to maintain a physical presence in the market, which is critical to our top-line growth,” Mitchell told analysts. “Digital performance is stronger in the markets where we have stores.”
In addition to opening smaller format stores, including the new Bloomie’s concept, Macy’s plans to open more than 400 Toys “R” Us in-store shops in its stores this year.
Here is a list of the newly announced Macy’s store closing in 2021.
Puente Hills Mall, City of Industry, Calif.
Streets at SouthGlen, Centennial, Col.
San Jacinto Mall (includes Furniture Clearance Center), Baytown, Texas