Macy’s is closing at least 28 stores in the next couple months and one Bloomingdale’s location, according to local media reports. Corporate officials would not confirm how many stores are closings or provide a list of the stores being shuttered.
“We regularly review our store portfolio and will provide an update at our Investor Day on February 5th,” the company said in a statement sent to USA TODAY Tuesday.
Clearance sales will begin this month and run for eight to 12 weeks, Macy’s Media Relations Manager Julianne Bartosz said in an email to TCPalm.com, which is part of the USA TODAY Network, about the Macy’s in the Indian River Mall in Vero Beach, Florida.
On Monday, Pier 1 Imports announced it plans to close up to 450 locations, nearly half of its 942 stores.
Macy’s holiday sales
Macy’s reported its November and December sales results Wednesday, which showed holiday sales dropped.
“Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter,” CEO Jeff Gennette said in a news release. “Additionally, customers responded to our gifting assortment and marketing strategy, particularly in the 10 days before Christmas.”
In a statement sent to USA TODAY, Neil Saunders, managing director of GlobalData Retail, said most of Macy’s legacy stores “looked shabby and lacked festive cheer. In our view, they remain unfit for purpose and there is a big question mark over their long-term future.”
Saunders called the decision to shutter underperforming locations “a foretaste of things to come if Macy’s does not invest in and reinvigorate these outlets.”
Macy’s stores closing in early 2020
The following stores are closing with liquidation sales expected to start in January, according to local media reports.
Antioch: Somersville Towne Center
Meriden: Westfield Meriden Mall
Pompano Beach: Pompano Citi Centre
Sanford: Seminole Towne Center
Vero Beach: Indian River Mall
Miami Bloomingdales: The Falls
Decatur: The Gallery at South DeKalb
Macon: Macon Mall
Waikoloa Village: Kings’ Shops
Lewiston: Lewiston Center Mall
Carbondale: University Mall
West Dundee: Spring Hill Mall
Muncie: Muncie Mall
Prairie Village: Prairie Village Shopping Center
Owensboro: Towne Square Mall