Macy's Announces Plans To Close 150 Locations Nationwide
A corporate rep declines to say whether or not the East Wenatchee location is on the list
Macy’s announced Tuesday it plans to close about 150 “underproductive” locations nationwide as a part of a massive reorganization and refocus on luxury growth.
Another goal is to “simplify and modernize end-to-end operations” and “deliver a more efficient operating model” to better serve customers, according to businesswire. The move will allow the company to monetize $600-$750 million in assets through 2026, and prioritize its focus on 350 other locations.
According to NBC News, San Francisco Mayor London Breed said she had learned that Macy's 400,000 square-foot flagship location in the city's Union Square will eventually be part of the closures, though not in the initial round of 50.
As for the East Wenatchee location, Director of External Communications Julissa Bonfante declined to say if it would be closed in an email Tuesday afternoon.
“Our new strategy is designed to create a more modern Macy’s, Inc. and enhance the customer experience,” she wrote in an email. “We intend to close approximately 150 Macy’s stores while further investing in our 350 go-forward fleet over the next three years. A final decision on specific locations has yet to be made.”
This is a developing story and I’ll follow up on it when more information is available.