{"id":6025,"date":"2024-12-14T13:21:41","date_gmt":"2024-12-14T13:21:41","guid":{"rendered":"https:\/\/xstorynews.com\/?p=6025"},"modified":"2024-12-14T13:21:41","modified_gmt":"2024-12-14T13:21:41","slug":"just-in-americas-top-department-store-is-closing-multiple-stores-more-below","status":"publish","type":"post","link":"https:\/\/xstorynews.com\/?p=6025","title":{"rendered":"Just in! America&#8217;s Top Department Store Is Closing Multiple Stores More below!"},"content":{"rendered":"<p>Macy&#8217;s, the untouchable staple of the U.S. department store scene, is closing multiple stores, but it isn&#8217;t all bad news. There is going to be a huge <a href=\"https:\/\/www.wideopencountry.com\/black-friday-doesnt-matter-anymore-i-hate-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">clearance sale<\/a> too.<\/p>\n<p>&nbsp;<\/p>\n<p>It is incredible to think that a place like Macy&#8217;s is struggling under the current <a href=\"https:\/\/fortune.com\/2024\/11\/25\/macys-massive-accounting-error-delayed-q3-earnings-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">U.S. economic crisis<\/a>. Despite their iconic place in the capitalist capital of the world, they&#8217;re still having to make drastic cutbacks.<picture><img loading=\"lazy\" decoding=\"async\" class=\"skip-lazy figure-img img-thumbnail img-fluid wp-post-image\" src=\"https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?fit=1056%2C543\" sizes=\"auto, (max-width: 1056px) 100vw, 1056px\" srcset=\"https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=2880 2880w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=150 150w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=300 300w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=768 768w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=1024 1024w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=1536 1536w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=2048 2048w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=1056 1056w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=528 528w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=399 399w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=1440 1440w, https:\/\/www.wideopencountry.com\/wp-content\/uploads\/sites\/4\/2024\/12\/Americas-Top-Department-Store-Is-Closing-Multiple-Stores-1.jpg?w=600 600w\" alt=\"America's Top Department Store Is Closing Multiple Stores\" width=\"1056\" height=\"543\" \/><\/picture>\n<div id=\"AdThrive_Content_1_desktop\" class=\"adthrive-ad adthrive-content adthrive-content-1 adthrive-ad-cls\" data-google-query-id=\"COCu2_Ssp4oDFRwNogMdQ2YNTw\">\n<div id=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_1\/661d7ce813817a39bb977559_0__container__\"><iframe id=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_1\/661d7ce813817a39bb977559_0\" tabindex=\"0\" title=\"3rd party ad content\" name=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_1\/661d7ce813817a39bb977559_0\" width=\"1\" height=\"1\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" aria-label=\"Advertisement\" data-google-container-id=\"4\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>The department store chain announced that they will be closing a total of 155 Macy&#8217;s stores. Originally, there was a plan to shut 55 by the end of 2025, but this number has gone up to 65. Losses are clearly worse than they first thought.<\/p>\n<p>Employees are waiting with bated breath to see if their Macy&#8217;s will be the next on the closing list. Across the country, underperforming department stores will be shut up forever, leaving thousands without a job. Since their peak of 1100 in 2008, Macy&#8217;s has taken a drastic decline. Once they have finished closing their planned Macy&#8217;s outlets, they will be left with a paltry 350 shopfronts.<\/p>\n<div id=\"AdThrive_Content_2_desktop\" class=\"adthrive-ad adthrive-content adthrive-content-2 adthrive-ad-cls\" data-google-query-id=\"COrG2_Ssp4oDFVAHogMdXUoDxg\">\n<div id=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_2\/661d7ce813817a39bb977559_0__container__\"><iframe id=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_2\/661d7ce813817a39bb977559_0\" tabindex=\"0\" title=\"3rd party ad content\" name=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_2\/661d7ce813817a39bb977559_0\" width=\"1\" height=\"1\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" aria-label=\"Advertisement\" data-google-container-id=\"5\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<h2 id=\"h-the-reasons-for-macy-s-closing\" class=\"wp-block-heading\"><span id=\"The_Reasons_For_Macys_Closing\" class=\"ez-toc-section\"><\/span>The Reasons For Macy&#8217;s Closing<\/h2>\n<p>Macy&#8217;s hasn&#8217;t been forced to declare bankruptcy, like so many <a href=\"https:\/\/www.wideopencountry.com\/major-home-store-on-the-brink-of-bankruptcy-despite-netflix-partnership\/\" target=\"_blank\" rel=\"noreferrer noopener\">other US companies<\/a>, just yet. But, without some drastic measures, it may still happen. Numerous reasons are often compounded in closures of this kind.<\/p>\n<p>For a department store like Macy&#8217;s, the competition of online sales has driven them to close so many stores. For most people, if a big day of shopping is needed, and multiple products have to be acquired, the department store format is just a bit outdated. Somewhere like Amazon has everything you could need, from the comfort of your own home, and often significantly cheaper.<\/p>\n<p>However, according to Neil Saunders, an analyst at GlobalData Retail, there is more to it than just online competition. Macy&#8217;s was once synonymous with <a href=\"https:\/\/www.wideopencountry.com\/4-of-the-biggest-macys-day-parade-controversies-ever\/\" target=\"_blank\" rel=\"noreferrer noopener\">style and extravagance,<\/a> akin to Selfridges. It was an experience to visit, and the quality was what made the trip worthwhile. But, the analyst argues, that charm and quality just isn&#8217;t there. This is why Macy&#8217;s is closing so many stores around the US.<\/p>\n<div id=\"AdThrive_Content_3_desktop\" class=\"adthrive-ad adthrive-content adthrive-content-3 adthrive-ad-cls\" data-google-query-id=\"CMH24PSsp4oDFdtLkQUd_tkamw\">\n<div id=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_3\/661d7ce813817a39bb977559_0__container__\"><iframe id=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_3\/661d7ce813817a39bb977559_0\" tabindex=\"0\" title=\"3rd party ad content\" name=\"google_ads_iframe_\/18190176,33020490\/AdThrive_Content_3\/661d7ce813817a39bb977559_0\" width=\"1\" height=\"1\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" aria-label=\"Advertisement\" data-google-container-id=\"6\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>&#8220;The biggest things that have gone wrong at Macy&#8217;s are the quality of the stores and the product assortment,&#8221; he says. &#8220;Both of those things are pretty core and have been a problem for a very long time because Macy&#8217;s just hasn&#8217;t invested in its proposition.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macy&#8217;s, the untouchable staple of the U.S. department store scene, is closing multiple stores, but it isn&#8217;t all bad news. There is going to be a huge&#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6025","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"a3_pvc":{"activated":false,"total_views":0,"today_views":0},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Just in! 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