Macy’s is closing dozens of this year’s department stores, with the goal of getting out of underperforming malls and cutting back on a real estate empire that doesn’t have as much valuation as before.
Clearance sales have already begun in some of the closing locations. The rest will start later this month. (See a full list of stores that close and recently closed locations below.) In 2020, Macy’s closed about 30 locations.
Closures by Macy’s will add to the exception of retail real estate that has returned to the market in recent years, dropping homeowners. In 2020, retail companies, from boutique clothing chains to department store operators, announced more than 11,000 closures, according to the follow-up to real estate firm CoStar Group.
Mall owners such as Simon Property Group and Macerich have been tasked with filling a lot of empty spaces. Some of the pressure has been excessive: two mall owners (CBL and Pennsylvania Real Estate Investment Trust) applied for Chapter 11 bank protection in November.
Macy’s currently operates 544 of its eponymous department stores, along with 34 Bloomingdale locations, 19 Bloomingdale outlets and 166 Bluemercury stores, according to its website.
1. Paradise Valley, AZ
2. El Cajon Parkway, CA.
3. Hilltop, CA.
4. Brass Mill Center, CT
5. Crystal Mall, CT
6. Port Charlotte Town Center, FL
7. Volusia Mall, FL
8. Greenbriar, GA
9. Hyatt Regency (Maui), HI
10. Grand Teton Mall, ID
11. Water Tower Place, IL
12. College Mall, IN
13. Marlow Heights, MD
14. Independence Center, MO
15. Northpark Mall, MO
16. West Park Mall (MO), MO
17. Sangertown Square, New York
18. White Plains Gallery, New York
19. Great Lakes Mall, OH
20. Richland Mall, OH
21. Tri-County Mall, OH
22. The Avenue Carriage Crossing, TN
23. Old Hickory Mall, TN
24. Golden Triangle, TX
25. Post Oak Mall, TX
26. Rivercenter, TX
27. Rolling Oaks, TX
28. Vista Ridge Mall, TX
29. Commons a Federal Way, WA
30. Northtown, WA
31. Monterey Furniture, CA.
32. Winter Haven, Florida
33. Cambridgeside, MA
34. Cinc, OH
35. Lloyd Center, OR
36. Santa Monica, CA (Bloomingdale’s)
37. South Towne Center, UT
1. Park Place, AZ
2. Oakbrook Furniture, IL
3. Woodfield Furniture, IL
4. Commack, New York
5. Eastland Furniture Removal, OH
6. Harrisburg, PA
7. Medinah Temple, IL (Bloomingdale’s)
8. Southwest Plaza, CO *
9. Dover Mall, DE *
* Macy’s has closed these in-store shopping locations and turned them into fulfillment centers.