Once among the most popular of all retailers, the venerable chain has been closing stalwart locations, with more scheduled to permanently shutter in the second half of the current calendar year.
This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Wikipedia.org, ScrapeHero.com, RetailDive.com, USAToday.com, and BestLifeOnline.com.
A January, 2022 article published by RetailDive.com, titled "How Macy’s Set Out to Conquer the Department Store Business — and Lost," stated the following: Around its 135th birthday, Macy’s set out to conquer areas of the U.S. where other department stores had long staked their claim. In 1994, thanks to a merger with department store conglomerate Federated, Macy’s nearly quadrupled its store count; a decade later, thanks to a merger with department store conglomerate The May Department Stores Co., it more than doubled that.
The article went on to disclose that Macy’s had taken its place as the country’s largest full-line department store chain, with 853 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names “Macy’s” and, to a far lesser extent, “Bloomingdale’s.”
Wikipedia features a comprehensive overview of the Macy's retail chain: Macy's (originally R. H. Macy & Co.) is an American chain of high-end department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales.
Shortly after that distinction had been earned, considering the entity's rapid expansion, Macy's began to downsize.
According to ScrapeHero.com: There are 509 Macy's locations in the United States as of June 23, 2022. The state with the most number of Macy's locations in the US is California, with 92 locations, which is 18% of all Macy's locations in America.
The decline in location count has been substantial.
Let us explore.
Macy's Closings, 2022
For further information regarding this year's Macy's closures, see here for USA Today's "Macy's is Closing More Stores in 2022. Will Your Location Close? See the List."
From the article, a partial list of early current year closures:
- Alabama Macy’s store closure: Mountain Brook; Brookwood Village, 614 Brookwood Village
- California Macy’s store closing: City of Industry; Puente Hills Mall, 1600 S Azusa Ave.
- Colorado Macy’s store closings: 1) Boulder: Twenty Ninth Street Mall, 1900 28th Street; 2) Centennial: Streets at SouthGlenn, 6801 S University Blvd.
- Missouri Macy’s closing store: Lee's Summit: Summit Fair, 900 NW Blue Parkway
- Texas Macy’s store closing: Baytown: San Jacinto Mall, 5000 San Jacinto Mall
A Bloomingdale's outlet store in Estero, Florida was also listed.
Another piece from January, this one from BestLifeOnline.com, detailed larger plans for the current calendar year: On Jan. 5, Macy's confirmed a list of six departments stores it will be closing by the end of the month, USA Today first reported. The downsizing comes as part of the company's plan to shutter 125 of its stores—or one-fifth of all locations in total—over the next three years. "Stores remain an integral part of our omnichannel retail ecosystem," Macy's said in a statement to USA Today on Jan. 6. "As our business evolves, we continue to optimize and reposition our store fleet to more effectively support our omnichannel sales growth and expand market share."
The article further states that more Macy's stores may close after the planned 125, though specifics have yet to be announced.
Macy's is one of the oldest retailers in the country. Though still among the largest in scope and revenue, numbers have fallen across the board which necessitated the new strategies.
Any further updates will be reported here as they come in.
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