Is Macy's in Serramonte closing?

Asked By: Victorino Niquet | Last Updated: 26th February, 2020
Category: events and attractions malls and shopping centers
4.9/5 (194 Views . 16 Votes)
Macy's is closing 30 stores in early 2020. In 2016, Macy's said it would close 100 stores after it reported six consecutive years of declining sales. Since then, it has been closing these locations as their leases expire.

Click to see full answer

Similarly, is Macy's serramonte closing?

Macy's is closing roughly 125 stores. After previously announcing that it would close 29 locations, Macy's said Tuesday that it will now shutter nearly 100 more. The retailer also said that it is cutting about 2,000 positions , eliminating 9% of its corporate and support positions.

One may also ask, which Macy's stores are closing in 2019?

  • California. Antioch: Somersville Towne Center.
  • Connecticut. Meriden: Westfield Meriden.
  • Florida. Miami: The Falls Mall.
  • Georgia. Decatur: The Gallery at South DeKalb.
  • Hawaii. Waikoloa Village: Kings' Shops.
  • Idaho. Lewiston: Lewiston Center Mall.
  • Illinois. Carbondale: University Mall.
  • Indiana.

In this regard, is Macy's going out of business 2020?

Macy's is closing 30 stores in early 2020. In 2016, Macy's said it would close 100 stores after it reported six consecutive years of declining sales. Since then, it has been closing these locations as their leases expire.

Which Macys are closing?

The following stores are closing with liquidation sales expected to start in January, according to local media reports.

  • California. Antioch: Somersville Towne Center.
  • Connecticut. Meriden: Westfield Meriden Mall.
  • Florida. Pompano Beach: Pompano Citi Centre.
  • Georgia.
  • Hawaii.
  • Idaho.
  • Illinois.
  • Indiana.

38 Related Question Answers Found

Is Kohls going out of business 2019?

Department stores are closing stores at a rapid rate in 2019. Collectively, Macy's, JCPenney, Kohl's, and Nordstrom are closing nearly 50 stores.

What Macy's locations are closing in 2020?

List of Macy's stores closing in 2020
  • Pompano Citi Centre, Pompano Beach.
  • Seminole Towne Center, Sanford.
  • Indian River Mall, Vero Beach.
  • The Falls, Miami Bloomingdales.

Is Macy's in trouble?

Macy's has a real debt problem. Its outstanding debt in August 2019 was $4.7 billion, with $674 million in cash on the balance sheet.

Is Vitamin Shoppe going out of business?

GNC and Vitamin Shoppe are two chains that specialize in health and nutrition. Both offer similar products, but each store has its own devotees. GNC announced in July that it plans to close up to 900 stores by the end of 2020, increasing from the projected 700 closures the chain had previously estimated.

Is Jcpenney going out of business?

Struggling retailer JC Penney has announced a round of store closings. The retailer announced today it will close 18 full-line stores and nine ancillary home and furniture stores this year. The 18 stores set for shuttering include three locations announced earlier this year.

What stores are closing in 2020?

Retailers have confirmed at least 2,600 store closings for 2020. Pier 1 Imports, Sears, Earth Fare, Forever 21, and Walgreens are among the retailers that are planning to close stores this year.

Is Walmart closing stores in 2020?

Walmart (NYSE: WMT) is shutting down two stores in North Carolina. Disclosures it filed with the state show pending closures at two stores – in Wadesboro and in Lumberton – could mean nearly 300 layoffs combined. So far in 2020, companies across the state have reported layoffs impacting a combined 2,337 employees.

Is Nordstrom going out of business?

That said, Nordstrom is shrinking its store fleet, too -- albeit slowly. After closing one full-line store at the beginning of 2019, the upscale retailer announced last week that it will shutter two more locations in early April.

Is Bed Bath and Beyond closing 2019?

Bed Bath & Beyond will close 60 stores by the end of fiscal 2019, the company announced in an earnings call Wednesday. The company said it will close about 40 Bed Bath & Beyond stores, and 20 stores from its other concepts.

Will Sears survive 2020?

In February 2020, another 51 Sears and 45 Kmart locations will shutter in the latest round of closures. After recently announced closings are complete, 182 stores are expected to remain – for now.

Is Bath and Body Works closing in 2020?

Bath & Body Works - 24 locations primarily in the U.S. will be closing for good. Payless ShoeSource - There have been suspicions and now it's confirmed that every single one of its 2,100 American stores will close by 2020.

Is Big Lots going out of business?

COLUMBUS, Ohio -- Closeout retailer Big Lots, Inc. here said yesterday that it will close up to 170 underperforming stores by the end of the year, as part of its "WIN" strategy to improve financial performance. The company operates 1,536 stores in 47 states.

Is JC Penney closing stores in 2020?

J.C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC.

Which Macy's is closing in California?

There are two stores reportedly closing in California according to a USA Today report – one in Antioch at the Somersville Towne Center, and the other in San Diego's Horton Plaza Park.

Why are Macy's stores closing?

Macy's is closing 125 stores and its corporate offices in Cincinnati, Ohio, as it works to restructure amid the digital retail economy. Across the rest of the locations, the company is adjusting its staff — reducing in some locations and increasing it in better-performing stores.

Why are Forever 21 stores closing?

Forever 21 is expected to shutter up to 111 stores in the US, according to court documents filed Tuesday after the fast-fashion retailer filed for Chapter 11 bankruptcy protection in September.

Why is Pier 1 closing?

Pier 1 is closing nearly 450 stores as they try to cut costs and slow a cash burn. The company said Monday it plans to use this process to complete the closure of nearly half of its stores, which were announced last month, including all its stores in Canada, and to find a buyer for the struggling retailer.