Macy’s Store Closings

U.S. department stores Macy's has announced that the next few weeks to close its nine department store chain operator unsatisfactory, this decision may be the result of nine stores 900 employees facing unemployment. These stores contribute to the overall performance of very small, and all settings in the shopping center, in fact, the layout of such a large extent, limited the development potential of Macy's Inc., due to the relatively crowded shopping crowd, emotionally vulnerable to the environmental impact, so sales not ideal. Nine stores will be carried out shortly after clearing the final retail price sales activities. In addition to the closure of non-profit store, Macy's will also adopt other strategies, to reduce operating costs, including re-integration of certain regional operate individual. It is reported that, Macy's regional branches in Miami, Florida Division and the Atlanta division, are located in the southern United States, the EC is divided into Macy's South Division, the three regions of the future will be a real mechanism for the operation and management of joint . Macy's has not yet made any response to this. Macy's's also the other five in accordance with the geographical divisions --- Macy 's eastern division, headquartered in Manhattan's Herald Square Macy's store; Macy's Northwest Division, headquartered in Seattle store; Macy 's Northern Division, located in Minneapolis; Macy's Midwest Division, located in St. Louis; Macy's western division, located in San Francisco. The company also holds the other businesses, such as Manhattan's Bloomingdale's company. In announcing the closure of nine stores a statement, Macy's Chairman, President and CEO Terry J said: "The decision to close the store is very difficult, but we need to turnover, a sharp decline, but no longer has the development potential of the region to take action. At the same time, we will continue to open new Macy's stores, store addresses carefully chosen to ensure that the new store operators greater success. " said, Macy's in 2007 opened a total of 10 branches, and opened a furniture showroom, in 2008, the company expects to open five stores, another in 2009 to open 6-8 branches. Up to now, Macy's Inc. a total of 850 stores, the market value of more than 2.7 billion U.S. dollars, including Macy's and Bloomingdale's two major department stores, and in the acquisition of May Department Stores after, Macy's, nearly double the size of expanded . Was closed nine stores located in Ohio, including three stores, respectively, the city of Akron Rolling Acres Shopping Center Macy's stores, Canton, Canton City shopping mall stores, North Randall City Randall Park Mall store; also located Texas, two stores, respectively, for the Valley View Shopping Center in Dallas and Houston Sharpstown Mall shop shop. The other four suffered the closure of the store also includes the fate of Indianapolis Washington Square shops, Lake Charles, Louisiana Prien Lake City shopping mall stores, Oklahoma City Crossroads Shopping Center shops and Riverdale City, Utah, Family Shopping Center store. Stores closed, and many unemployed workers will be relocated to nearby stores to re-start work, the company will be to those who have not been offered re-employment opportunities for staff to provide employment assistance and guidance. Macy's spokesman JimSluzewski said that the nine stores Macy's annexation in 2005 after the May department stores, the deal is completed, nine stores will be a matter of course from May the company was placed under the Macy's of camp. At that time, there are about 80 stores at the same time May department stores into Macy's Inc., Macy's on or off or sale of which 70 stores, the final decision to leave 10 stores. Jim Sluzewski added nine stores operating since the two companies merged over the years has been in a poor state of operation. Sluzewski pointed out, Macy's will regularly review the performance of stores, but will not shut down a store when the formulation of detailed planning.