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Friday, January 10, 2020

Macy's Bleeding!

Macy's at the Northgate Mall is on the list of store closures. Cincinnati's second oldest mall suffers again.
Macy's announced a new round of closings of department stores. One affects my area.

The company said that modest sales and holiday woes have force their hand. They are closing 28 locations in the United States. They are also closing a Bloomingdale's location as well.

The closures are expected to affect Macy’s stores in at least 19 states – including Florida, California and Georgia – and at least one Bloomingdale’s location, CNN reported.

"We regularly review our store portfolio and will provide an update to our Investor Day on February 5th," the company said in a statement.

Clearance sales will begin at locations and run from eight to 12 weeks, Macy's Media Relations Manager Julianne Bartosz said in an email.

Cities affected by the closures include: Harrisburg, Pennsylvania, Winston-Salem, North Carolina, Seattle, Washington, Helena, Montana, Muncie, Indiana, Macon, Georgia, Decatur, Georgia and Miami, Florida. There are 20 other stores also in the crossfire of closure.

The brick and mortar stores are closing and there's not much talk about it in the junk food media.

Yeah, it hits the local news and social media, but it doesn't get the amplified attention of national media agitators.

Even in my state of Ohio, Cincinnati is losing the Macy's at the Northgate Mall.

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