Macy’s has released an inventory of the handful of malls that it plans to shut this yr.
It contains six full-line malls, a Bloomingdale’s outlet retailer, and a Macy’s retailer that the corporate mentioned already closed final yr however was by no means introduced publicly.
The Bloomingdale’s location at Miromar Retailers in Estero, Florida, is ready to shutter by the tip of the fiscal fourth quarter, Macy’s mentioned. The opposite six full-line places ought to shut by the tip of the primary quarter of 2022.
“Shops stay an integral a part of our omnichannel retail ecosystem,” mentioned a Macy’s spokeswoman in an announcement. “As our enterprise evolves, we proceed to optimize and reposition our retailer fleet to extra successfully assist our omnichannel gross sales progress and develop market share.”
Macy’s will provide impacted staff at these places severance packages or different roles at close by shops, she mentioned. The corporate declined to say what number of staff work at these websites.
In mid-November, Macy’s introduced it could be closing about 10 shops in January. The retailer had been on monitor to shut extra places, nevertheless it mentioned it was reconsidering when it could shut the roughly 60 remaining open shops out of a batch of 125 closures that focused to go darkish by 2023.
“The delayed closure of sure shops permits us to take care of a bodily presence available in the market, which is essential to our prime line progress,” mentioned Chief Monetary Officer Adrian Mitchell, throughout an earnings convention name on the time. “Digital efficiency is stronger within the markets the place we have now shops.”
Macy’s can be present process a overview of its enterprise with the consulting agency AlixPartners amid strain from activist investor Jana Companions to separate Macy’s shops from its e-commerce arm.
Final January, Macy’s had introduced an inventory of dozens of division retailer places to be closed as a part of its three-year plan. However the tempo of closures is slowing as Macy’s operates a leaner portfolio of shops immediately. It has 516 full-line Macy’s malls, in line with its web site.
Macy’s has additionally been testing off-mall and smaller-format places, because it closes its bigger places anchored at conventional malls.
Macy’s inventory rose a whopping 143% in 2021.