Macy’s To Shutter 30 Locations In First 2020 Quarter

Business Insider reports:

Macy’s is closing 30 stores in early 2020. In 2016, Macy’s said it would close 100 stores after it reported six consecutive years of declining sales. Since then, it has been closing these locations as their leases expire.

A representative for the company did not comment on whether this recent wave of closures was included in the 2016 plan but said that Macy’s “regularly reviews” its store portfolio and would update investors on its investor day on February 5.

The representative told Business Insider that regular, non-seasonal employees who are laid off and unable to find a job at nearby Macy’s stores would be eligible for severance.

The company is also closing its Bloomingdale’s location in South Miami.

GOING OUT OF BUSINESS – Bloomingdale’s at The Falls announced that it will be closing after 35 years. https://t.co/5WZHkP0iNc

— WSVN 7 News (@wsvn) January 7, 2020

At a @Bloomingdales in Miami and there is one…ONE…employee in the entire men’s department. This is why retail is dead and rotting.

— Richard Marx (@richardmarx) December 10, 2019

The Macy’s at the Macon Mall is closing its doors after 22 years. A company spokeswoman says prior to its permanent closure, the store will begin a clearance sale this month that is set to run for 8 to 12 weeks. pic.twitter.com/juopJVVptY

— Everything Georgia (@GAFollowers) January 8, 2020

A week into 2020, the retail apocalypse rages on. https://t.co/FqGNtO5maQ

— USA TODAY (@USATODAY) January 8, 2020