Lansing Mall Macy's store, 67 others, closing in 2017

Lansing Mall Macy's store, 67 others, closing in 2017
Lansing Mall Macy's store, 67 others, closing in 2017
Author

05 January, 2017

The 68 Macy's stores slated to close across the country are part of the chain's previously announced plan to close about 100 stores as it struggles to redefine itself amid changing shopping patterns.

In a statement, the company said it "intends to opportunistically close approximately 30 additional stores" as leases expire or sales transactions are completed. That store opened in 2008 and employs about 100 people.

The closures are part of a plan announced previous year by Macy's to shut down about 100 stores, which represents 15 percent of its base.

Shoppers walk on the lower promenade outside Macy's at the Roosevelt Field Mall in Garden City, N.Y.

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Trump isn't responsible for Sprint bringing 5000 jobs to the US
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Monday weather: Cloudy, with highs in the 40s; rain likely tonight
HIGH WIND WARNING continues for Madison county especially for Ennis to Norris Hill and for Raynolds Pass and Twin Bridges areas. A high of 44 is forecast in Eugene with up to a tenth of an inch of rain possible, the weather service said.

"Part of this is a continuation of what we saw past year - Macy's going to where the customer is: online", reported WWJ Business Editor Murray Feldman.

The plan is to redevelop the building into office space on the upper floors and retail on the street and skyway levels, according to a Macy's news release. "Eligible full-time and part-time associates who are affected by the store closings will be offered severance benefits".

Alton's Mayor Brant Walker said Alton Square has improved in the 18 months since Hull Property acquired it, with new tenants including Hibbett Sports and Ross Dress For Less. The move follows a disappointing holiday shopping season for the department store. Of the 68, three were closed by the middle of 2016, 63 will close in the spring and two will be closed by the middle of 2017. "These savings, combined with savings from initiatives implemented in early 2016, exceed the $500 million goal communicated in fall of 2015, one year earlier than expected".


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