Closing: 5 Macy's And 4 Bloomingdale's Stores

Macys Bloomingdales closing storesCINCINNATI -- Macy's Inc. says it will close five Macy's and four Bloomingdale's stores that are underperforming.

Clearance sales will begin at the stores Sunday and run for 10 weeks.

More than 830 workers will be affected by the closings - 375 at Macy's stores and 463 at Bloomingdale's. But many may have the option of taking jobs at new stores the company plans to open.

The closing Macy's stores are in Topeka, Kan.; Laurel, Md.; Parma, Ohio; Antioch, Tenn.; and Texas City, Texas. The Bloomingdale's closures are in Atlanta; Oak Brook, Ill.; North Bethesda, Md.; and in the Mall of America in Bloomington, Minn.

"We continue to be committed to maintaining a healthy portfolio of stores that allows us to focus on growth from our best and most productive locations," CEO Terry J. Lundgren said in a statement. "This requires us to make some difficult decisions to close stores that no longer meet our performance requirements, as well as to open stores where we see opportunity."

The company said it will record costs of $25 million to $30 million associated with the store closings in its fiscal fourth quarter. It said it has not included the costs in past forecasts.

Macy's previously announced the opening of five new Macy's stores and one replacement store. They are planned in Victorville, Calif.; Gurnee, Ill.; The Bronx, N.Y.; Salt Lake City, Utah; and Greendale, Wis. The replacement store will be built in Bay Shore, N.Y.

When the planned openings and closings are complete, Macy's will operate 804 stores in 45 states, the District of Columbia, Puerto Rico and Guam.

Workers at closing stores will be offered jobs at nearby stores if possible, and those who are laid off will get severance benefits, the company said.

About 276 workers will be hired at new stores opening this year and another 745 workers with the openings in 2013.

A new store opening in 2013 in Glendale, Calif., will create 175 jobs. A store to open in Palo Alto, Calif., in 2014 is expected to employ about 180 workers, about the same number as now work at a store in the same shopping center that will close when the new one opens.

The company also says five new Bloomingdale's outlet stores will open in 2012, hiring about 35 workers.

The changes will result in 38 Bloomingdale's full-line and home stores, as well as 12 outlet stores. Bloomingdale's also operates in Dubai under a license agreement with Al Tayer Group LLC.

Cincinnati-based Macy's shares fell 3 cents to close at $32.65, but they've risen more than 40 percent since last February. They have traded between $21.69 and $32.95 in the past year.



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Been There

You DO NOT want to work at MACY'S! Aside from dirt pay, they are self-insured company. By doing so, the way they treat legitimately hurt workers is worst then the injury itself! If you are hurt badly enough, ending up with permanent disability and put on Social Security Disability or SSI, they will fight you tooth and nail for years in court with their lying DRs, phoney baloney IME exams. They spend more $ on lawyers, thanks to their ruthless Claims Adjuster Robin Goodell, so they DO NOT have to pay your Workers Comp, dumping YOU onto the government! You've been warned - STAY AWAY from MACY's - they will treat you like GARBAGE - you are indispensable - NO MATTER how hard you work or your qualifications!!

They give MORE jobs OVERSEAS including Customer Service, not to mention cheaply made, overpriced merchandise made in China, done away with Union Workers and Full Time help so NO Benefits! They just want to take your money! The greedy Macy's management is one part of the reason, America is in the dumps. They look at themselves as a Leader in Retail Business -- YEAH! in How to RIP OFF your employees and customers, underneath their noses, so Corporate Management can live the High Life. Macy's ain't what it used to be when privately owned.

Its ALL A BIG FARCE! One day they will fall hard when people wake up to what is going on and stop falling for the Sale Commercials! Refocus and Buy Local!

February 12 2012 at 1:18 PM Report abuse +1 rate up rate down Reply
fpeirce

Hope and change! That's what Barrack promised us and that's what he's delivered.

January 05 2012 at 6:59 PM Report abuse -1 rate up rate down Reply
dfrost302

I am here in the state of DE, and Macy's bought out Strawbridge and Clothier several years ago. OH how most people you talk to would love to have Strawbridge's back. Some of the sales people that I have dealt with for years when they were employed by S/C just hate Macy's. They just do not treat the employees well. Also, their clothes styles stink and all well over priced. I emailed Macy's one night after I had been shopping at Concord Mall and was trying to find something nice in the Women's dept. The clothes were so ugly, no wonder they couldn't sell anything. I emailed them and told them how butt ugly their clothes are and others in the store were saying the same thing. I did get a phone call from Macy's and wanted me to come in and talk with them and give them my input. I was shocked...but isn't that why they have buyers? Anyway, to bad the store in DE isn't closing!!!

January 05 2012 at 6:31 PM Report abuse +1 rate up rate down Reply
1 reply to dfrost302's comment
Setanta

did you go over there ? and here's the TRUTH---both maceeees and bloomies ARE ONE AND THE SAME as they ARE BOTH IN THE FEDERATION OF BUYERS---same crappy merchandise but bloomies will have an extra ""line"" or 2 exclusive to them.

January 05 2012 at 10:13 PM Report abuse +1 rate up rate down Reply
frogpondphrags

I feel bad for those losing their jobs. I don't feel bad for Macy's. You can't find a salesperson. They are understaffed. Anyone in high end retail knows customer service is a must. When I go to the mall Macy's is empty,, Goodwill is full and the merchandise is about the same except for the price.

January 05 2012 at 3:54 PM Report abuse +2 rate up rate down Reply
heidecko

I will never buy anything from Macy's again. What they fail to mention when it comes to hiring new employees, is that they are hiring more Part time employees so they don't have to give them the current TERRIBLE benefits they give their full time employees now.
Not only that, but their billing employees are complete idiots as well. Have been fighting with them over a bill that has been paid since September. The money came out of my checking account for the full amount Macy's was asking for, yet they can't find it. Have gotten threatening phone calls as early as 7:30am to 8pm stating they are sending me to collections. I've been to Macy's 3 times in person, to my bank 4 times, have faxed everything I've done since September (with fax confirmations) for a very simple fix. Low & behold, I've gotten a new bill with added penalties fees that have been tacked on since September. Have now mailed them all this information with the bill they just sent, and will be interested in seeing the next statement! Idiots! DO NOT SHOP THERE!!!

January 05 2012 at 3:20 PM Report abuse +2 rate up rate down Reply
2 replies to heidecko's comment
drewpeters

File a complaint with your state Attorney General's Office of Consumer Affairs. Believe me, with the documention that you have, that will end it right now. You can find their office with a Google search of your state government.

January 05 2012 at 5:51 PM Report abuse +2 rate up rate down Reply
drewpeters

File a complaint with your state Attorney General's Office of Consumer Affairs. Believe me, with the documention that you have, that will end it right now. You can find their office with a Google search of your state government.

January 05 2012 at 5:51 PM Report abuse +1 rate up rate down Reply
lynniemiller

I am delighted it is not a lot of stores.

Macy's devotion to Thanksgiving and the Fourth of July is awesome.

May Macy's be open forever.

January 05 2012 at 3:01 PM Report abuse rate up rate down Reply
Phil & Deb

Macy's closing stores Boeing closing in Wichita Kansas and how about all the other closings going on that the main stream media is not reporting I predict the unemployement number by late spring early summer will be between 9.0% and 9.5% you just wait things are not all that great but the news outlets want to mke you think they are!!!

January 05 2012 at 2:52 PM Report abuse -1 rate up rate down Reply

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