Macy’s is closing dozens of department stores this year, in an attempt to break out of underperforming malls and trim a real estate empire that is not as valued as before.
Liquidation sales have already started at some of the closing locations. The rest are scheduled to begin later this month. (See a complete list of closed stores and recently closed locations below.) In 2020, Macy’s closed about 30 locations.
The Macy’s closings will increase the surplus of retail properties that have returned to the market in recent years, pummeling owners. In 2020, boutique clothing chain retailers to department store operators announced more than 11,000 closings, according to a survey by real estate company CoStar Group.
Shopping center owners like Simon Property Group and Macerich were tasked with filling a multitude of empty spaces. The pressures have been too much for some: two mall owners – CBL and Pennsylvania Real Estate Investment Trust – filed for Chapter 11 bankruptcy in November.
Macy’s currently operates 544 of its eponymous department stores, along with 34 Bloomingdale’s stores, 19 Bloomingdale’s stores 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, NY
18. White Plains Galleria, NY
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 in Federal Way, WA
30. Northtown, WA
31. Monterey Furniture, CA
32. Winter Haven, FL
33. Cambridgeside, MA
34. Lima, 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, NY
5. Eastland Furniture Clearance, OH
6. Harrisburg, PA
7. Medinah Temple, IL (Bloomingdale’s)
8. Southwest Plaza, CO *
9. Dover Mall, DE *
* Macy’s closed these locations for in-store purchases and converted them into distribution centers.