hi INDiA
South Asian Views On Global News - Update 24X7

5 Macy’s Stores To Close in Texas By April


Representative image


AUSTIN, TX- Officials at the department store chain Macy’s on Wednesday announced a new round of store closures — including five stores slated to be shuttered in Texas.

Macy’s, Inc. which also runs Bloomingdale’s and Bluemercury, identified 36 namesake stores and one Bloomingdale’s expected to shutter by or before midyear. The company also listed nine stores that recently closed, as per report.

Among the 30 additional stores slated for closure by the end of Macy’s first quarter, which ends April 30, are five in Texas:The Golden Triangle location in Beaumont-Port Arthur, Post Oak Mall, College Station, Rivercenter, San Antonio, Rolling Oaks, San Antoniom, Vista Ridge Mall, Lewisville.

The closures are part of Macy’s three-year plan to close one-fifth of its stores or roughly 125 locations first announced in February, USA Today reported. In September, Macy’s Inc. Chairman and CEO Jeff Gennette said the timeline for permanent store closings could be adjusted as the company monitors the competition and the recovery from the pandemic.

“Retail today has been disrupted,” Gennette told analysts during the September quarterly earnings call, as quoted by the newspaper. “And while that disruption creates challenges, it also holds opportunity. With many competitors closing or struggling, we see the potential to bring new customers into our brands and gain market share.”

gtag('set', {'user_id': 'USER_ID'}); // Set the user ID using signed-in user_id.