Could This Popular Retailer Close All Maine, New Hampshire Stores?
For decades, the Macy’s brand has stood for style. The chain of department stores that started in New York City in 1858 has always stocked the best-quality and most stylish merchandise. It was the place where the well-to-do shopped all the time, but most of us only saw on TV.
In the 1960s, the brand started to expand beyond their flagship store. They started to built additional locations. First, they opened stores in other New York boroughs, but quickly started opening stores in other states.
At one point, there were Macy’s stores in nearly every major shopping mall across the country. In recent years, due in part to the ease of online shopping, we have seen a number of these stores close. For example, the Macy’s location at the Bangor Mall closed in early 2017.
Like many brands trying to navigate today’s economy, Macy’s is continuing their trend of cutting expenses. One of the most noticeable ways they are doing this is by closing underperforming locations.
According to Fox News, the brand plans to cut their workforce by at least 3.5% in 2024. Part of the plan is to close five stores, eliminating about 2,300 jobs.
According to a representative for the company, the goal of the cutbacks is to:
Become a more streamlined company.
Currently, the stores slated for closure are Macy’s Ballston in Virginia, Macy’s Bay Fair in California, Macy’s Simi Valley Town Center in California, Macy’s Kukui Drive in Hawaii, and Macy’s Governor’s Square in Florida.
As you can see, at this point, none of the New England locations are slated for closure. Hopefully, we will be able to keep the remaining Macy’s stores in Maine, New Hampshire, and Massachusetts.
Of course, even if they do close, you can still purchase their products online.
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Gallery Credit: Jeff Parsons