Macy's to close 11 stores in U.S. as sales decline
Department-Store operator Macy's Inc. said today it is closing 11 stores in nine U.S. states amid lower than expected profits and declining sales.
Macy's reported its same-store sales for December dropped 4 percent. The closing of stores involves cutting about 960 jobs. Clearance sales are scheduled to start as soon as next week.
Macy's stores closing are:
- Ernst & Young Plaza (Citicorp Plaza), Los Angeles. (136 employees, opened in 1986)
- The Citadel, Colorado Springs, Colo. (105 employees, opened in 1984)
- Westminster Mall, Westminster, Colo. (110 employees, opened in 1986)
- Palm Beach Mall, West Palm Beach, Fla. (71 employees, opened in 1979)
- Mauna Lani Bay Hotel, Island of Hawaii, Hawaii (3 employees, opened in 1983)
- Lafayette Square, Indianapolis (84 employees, opened in 1974)
- Brookdale Center, Brooklyn Center, Minn. (72 employees, opened in 1966)
- Crestwood Mall, St. Louis (176 employees, opened in 1969)
- Natrona Heights Plaza, Natrona Heights, Pa. (124 employees, opened in 1956)
- Century III Furniture and Clearance, West Mifflin, Pa. (3 employees, opened in 2000)
- Bellevue Center, Nashville, Tenn. (76 employees; opened in 1990)
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