Suzette Parmley/The Philadelphia Inquirer – The incredible shrinking Macy’s empire plans to announce the locations of most of its 100 store closures by the end of January. Elina Kazan, national spokeswoman for Macy’s, said Monday that the majority of the targeted stores to shut will be announced by the end of January 2017, or in about […]
Archives for 2016
A Limited-Service Hotel With Unlimited Connections
Jeff Green & Jerry Hoffman/Hotel Business Review: – In biology, symbiotic mutualism describes a dynamic where two species living in close proximity to one another engage in a mutually beneficial relationship. Iconic examples include the oxpecker-small birds that feed on ticks and other parasites found on large mammals-and the clownfish, which live in and around sea […]
Shifting to online, Macy’s to close 100 more stores
Suzette Parmley/The Philadelphia Inquirer – Macy’s announced it is closing 100 more stores by early 2017, as the department store giant shifts its attention and resources to an e-commerce and digital strategy. The closures follow the 38 Macy’s closing from this past spring, including the 90,000-square-foot store at the Suburban Square shopping center in Ardmore. Macy’s […]
Will Lehigh Valley Mall Macy’s survive closure threat?
Anthony Salamone/The Morning Call – Macy’s announced plans Thursday to close about 100 stores nationwide as it struggles to define itself amid changing shopping patterns, but a retail analyst who follows the Valley predicts the chain’s 40-year anchor at Lehigh Valley Mall likely will be spared in the consolidation. The closures represent close to 14 percent […]
Here’s why Macy’s decision to close 100 stores isn’t such a bad thing
Justine Griffin/Tampa Bay Times – A decade ago, the country’s largest department store chain was announcing new store openings, not closings. Macy’s grew fast — from 2005 to 2006, the chain nearly doubled in size to 850 stores across the country. But two years later, the retailer’s grip on the American department store business would begin […]
Macy’s to sell prime Men’s Store property in San Francisco’s Union Square
Blanca Torres/San Francisco Business Times – Macy’s plans to sell and close its Men’s Store in San Francisco’s Union Square as part of a broader effort to streamline the retail giant’s brick and mortar presence. The company announced Thursday it plans to close 100 stores and is in negotiations to sell the 263,640-square-foot San Francisco men’s […]
