Shopping Blog
Advertising
Archives
Classifieds
Giveaways
Homepage
RSS Feed
Search
Twitter
Web Feeds









Categories
Auctions
Auto
Baby
Books
Celebrity
Charity Products
Children's Products
Collectibles
Entertainment
Fashion
Fashion Accessories
Fragrances
Games
Gourmet
Green
Hair Care
Handbags
Health
Holiday Decorations
Holiday Gift Ideas
Holiday Shopping
Home
Jewelry
Makeup
Mother's Day
Movies
Music
Pampered Pets
Photography
Plastic Surgery
Real Estate
Services
Shoes
Shopping Advice
Shopping Tools
Sports and Fitness
Tech
Toys
Travel
Unusual Auctions
Virtual Worlds
Weddings
Weight Loss



Add to MyYahoo

Add to MyMSN

Add to Bloglines

Add to NewsGator



Posts with tag: macys-stores | Return to ShoppingBlog.com Homepage

Macy's Closing Nine Stores

Macy's is closing nine of its stores and is laying off 900 people. Note: See update below.
Department-store operator Macy's Inc. on Friday said it will shutter nine underperforming stores, which collectively employ nearly 900 staffers, the latest indication of a weak retail environment. The department stores are in Indiana, Louisiana, Ohio, Oklahoma, Texas and Utah and were all acquired when Macy's bought department-store operator May Co. in 2005.

Macy's integration of May Co. department stores has been bumpy. The company has faced disappointing sales and resistance from shoppers in some markets where the Macy's name replaced local favorites it absorbed as part of the May acquisition. Further, a weak housing market, persistent credit problems and high food and gasoline prices are curbing U.S. consumers' discretionary spending.

"While the decision to close stores is difficult, it is necessary that we do so selectively in locations with declining sales and where we have been unable to identify sufficient growth opportunities," said Terry J. Lundgren, company chairman, president and chief executive.
Over the next several weeks, the stores that are set to close will be having big clearance sales, so keep an eye out in your local paper if you're in one of these cities: Houston, Indianapolis, Oklahoma City, Lake Charles, La.; Akron, Ohio; Canton, Ohio; North Randall, Ohio or Riverdale, Utah.

Update 1-8-08: Macy's is now closing 11 stores. Here's a list of the eleven stores Macy's is closing.

Update 2-2-09: Macy's has announced 7,000 layoffs.

Posted on December 28, 2007
Permalink | Subscribe | | | Comments (View)



The Writers Write Lifestyle Network
Bloggers Blog
Crafters Craft
Drivers Drive
Fantasy SF Blog
Gamers Game
Health News Blog
HowToWeb.com
The IWJ Blog
Lovers Love
Media Cynic
Petosphere
Pleasant Morning Buzz
Readers Read
Science News Blog
Shopping Blog
Singers Sing
Surfers Surf
Traders Trade
Video Nacho
Watchers Watch
Workers Work
The Write News
Writer's Blog

Sales & Coupons
ShoppersShop.com's Sales & Deals section includes coupons, sales and free shipping offers.


Search ShoppingBlog.com





Add to Google













www.shoppingblog.com

Copyright © 2002-2009 by Writers Write, Inc. All Rights Reserved.