Macy’s, which has been the largest department store chain left standing in the country since 2015, started its new year 2021 with a huge huge step back and disappointment for many people. Macy’s announced that they are closing 45 more department stores nationally in 2021. In shutting down stores includes the store at Water Tower Place in Chicago and College Mall in Bloomington. The New York City-based retailer’s local stores at Southlake Mall in Hobart and River Oaks Center in Calumet City appear to have survived the latest round of closings.
The reason for this huge step is the same as previously announced to take a cost-cutting measure. “We have no announcements to make regarding Macy’s Southlake Mall, Macy’s River Oaks Center or our other Macy’s locations within the states of Illinois and Indiana,” spokeswoman Julianne Olivo said. She also mentioned that a full list of store closures would be available on the company’s website on Wednesday.
Further, Olivo continued by saying, “Macy’s Water Tower Place has been honored to serve its customers on the Magnificent Mile for 45 years,” Olivo said. “Macy’s is committed to the greater Chicago community. We will continue to serve our customers at Macy’s on State Street as well as in a number of suburban locations, online at macys.com and the Macy’s app.” After careful consideration, Macy’s has decided to close our College Mall location in Bloomington. This closure is part of the company’s strategy announced in early 2020,” Olivo said.
Olivo also mentioned about the sale that would take place due to the shut down. She made a statement saying that the, ‘Stock clearance sale with great deals will start this month and will run for eight to 12 weeks’.
The retail chain, which sells ladies’ and men’s dress just as home merchandise decorations, will still be working in the 540 stores from one side of the country to the other.