Macy's

[retailisking]

In the Queen City, a multi-use entertainment complex isn't in the cards
https://bangordailynews.com/2018/05/04/business/mattress-store-to-occupy-former-macys-at-bangor-mall/

[retailisking]

The stores will receive a collective $200 million investment. Is your local Macy's on the list?
https://www.bizjournals.com/cincinnati/news/2018/10/25/macys-investing-200-million-in-50-stores-including.html

[mixedday]

With the Bon Ton in Park City Center mall in Lancaster PA unoccupied, I'm wondering why macy's isn't pursuing this site? It's the strongest mall in Central PA region, has the Apple store in it, and it lacks a macys. The former Bon Ton site itself is also very desirable as it's close to the highways and has good visibility. Perhaps Lancaster county is overserved with two outlet shopping malls not too far, but it seems macy's would be amiss not picking up this location. If Boscov didn't have a store there, it would likely be pursuing this at the moment.

[giantsfan2016]

I went to Macy's at the Westfield Meriden Square Mall today. I was looking for shorts for work. They had the same brand of shorts as Walmart for $20 more, so I didn't buy them. Then I checked out the Macy's Back Stage area. While nicely decorated aside from the toys most of the stuff in that section section should be thrown into the donation bin at the neighboring Savers.

[TheFugitive]

Members of the United Food and Commercial Workers Union have voted to
authorize a strike against Macy's stores in Rhode Island and Massachusetts.

https://www.masslive.com/news/2019/05/union-representing-macys-workers-votes-to-authorize-strike.html

[retailisking]

for a proposed marijuana cultivation facility

https://www.masslive.com/news/2019/07/springfield-planning-board-favors-zone-change-for-proposed-marijuana-cultivation-facility-at-eastfield-mall-macys.html

[TheFugitive]

Macy's has announced a 3.5% reduction in its workforce and the closing of five stores.

https://www.cnbc.com/2024/01/18/macys-to-cut-more-than-2300-jobs-about-3point5percent-of-its-workforce-as-it-moves-to-cut-costs.html

The five locations which are closing are Arlington, Virginia; San Leandro, California; Lihue, Hawaii; Simi Valley, California and Tallahassee, Florida.

[TheFugitive]

Macy's has announced the closing of 65 stores by fiscal year's end.

https://www.cbsnews.com/news/macys-stores-closing/

The fact that this is being done in the 4th. quarter should raise alarm bells.  Generally chains let the dust settle before announcing moves like this.

Buried in the story is news of a filing Macy's made with the FEC revealing an accounting scandal.  It appears one employee charged with cost accounting for the cost of shipping small parcels had deliberately falsified entries.  My guess is "max out on my bonus before this ship goes down and I'm out of a job" was the motive.

This article does not list the locations which are closing but it does contain an interesting graphic showing all of the chains which have announced store closings in the near future.

[TheFugitive]

Macy's has announced the closing of 14 additional locations.

California: La Mesa (5500 Grossmont Center Dr.), Tracy (3400 Naglee Rd.)
Georgia: Atlanta (4880 Briarcliff Rd. NE)
Maryland: Glen Burnie (7900 Ritchie Hwy.)
Michigan: Grandville (3850 Rivertown Pkwy. SW)
Minnesota: St. Cloud (4101 W Division St.)
New Hampshire: Newington (50 Fox Run Rd.)
New Jersey: Livingston (112 Eisenhower Pkwy.), Ramsey (225 Interstate Shopping Center)
New York: Amherst (1255 Niagara Falls Blvd.)
North Carolina: Raleigh (3801 Sumner Blvd.)
Pennsylvania: Tarentum (100 Pittsburgh Mills Cir.)
Texas: Corpus Christi (5488 South Padre Island Dr.)
Washington: Tukwila (17855 Southcenter Pkwy.)

The Pennsylvania location is at the white elephant Pittsburgh Mills Mall.