The department store was born during the industrial revolution, and like steam engines and top hats the idea seems at times to be a vestige of the past. In the age of one-click instant retail therapy, the department store can seem like a step back in time – a tour of how we used to shop back in the day.
Category: Federated Department Stores
Macy’s Names 68 Stores It Will Sh…
Macy’s yesterday said it was closing 68 stores of its 730 stores by the spring – wiping out about 3,900 jobs – and that it would lay off about 6,200 additional workers nationwide in a move it characterizes as a “need for greater efficiency and productivity.” The closures are part of the plan to shutter up to 100 underperforming stores that it had announced last August.
Macy’s, Kohl’s plunge after weak holiday sales
Macy’s Inc. said it will slash more than 10,000 jobs and detailed plans to close dozens of stores after another holiday season of weak sales, providing more evidence that department stores have lost their once-central place in American retailing. Like its rival, Kohl’s Corp., which also warned Wednesday of lackluster holiday results, Macy’s hasn’t been able to solve consumers’ shift to online shopping.
Macy’s apparel store closing in Mission Valley
Macy’s apparel store, the original anchor for the 1961 Mission Valley Center mall, is closing starting next week, the struggling department store chain announced Wednesday. It is one of 65 stores that will close this year nationally following three that closed last year.