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More Trouble for Macy’s! MORE Store Closures and 5000 Jobs are Cut!

Wow! I honestly must say I am very surprised at this. Despite Macy’s reporting an increase in holiday sales (up 1.1% over the previous year), it was announced today that Macy’s will be shuttering up MORE stores than previously thought AND cutting 5000 jobs!

It was announced back in August 2016 that 100 stores would close by this year. As of right now, they have either closed or announced 81 of the 100 locations that will close.

Liquidation sales will be starting as early as next week and going for the next 8-12 weeks.

Now, for the locations:

Miami (Downtown), Miami, Florida

The Oaks, Gainesville, Florida

Novato (Furniture), Novato, California

Honey Creek Mall, Terre Haute, Indiana 

Birchwood Mall, Fort Gratiot Township, Michigan

Fountain Place, Cincinnati, Ohio

Burlington Town Center, Burlington, Vermont

Macy’s also announced just today it was going to definitely go ahead with 4 other locations that were announced previously to be closing. Those are:

Laguna Hills Mall, Laguna Hills, California

Westside Pavilion, Los Angeles, California

Stonestown Galleria, San Francisco, California

Magic Valley Mall, Twin Falls, Idaho

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