CNNMoney: In a sign of how dramatically the retail shopping landscape is changing, Macy’s is closing 100 of its stores nationwide.
Macy’s (M) announced the closures Thursday. They represent about 15% of all Macy’s department stores. The iconic retailer did not disclose the locations of stores, but said most of them will be shut down in early 2017.
The Macy’s move is the latest in a wave of store closures amid the rise and success of Amazon(AMZN, Tech30) and other online shopping options.
For instance, Walmart (WMT)announced plans in January to shut down 269 stores this year andjust this week, inked a $3.3 billion deal to acquire Amazon rival Jet.com.
Related: Nearly 44,000 retail workers have been laid off in 2016
Sports Authority, once the nation’s largest sporting goods retailer, is shutting all 450 of its storesafter filing for bankruptcy. Other traditional retailers such as Target (TGT), JC Penney (JCP),Kmart, Sears (SHLD) and Kohl’s (KSS) have also pulled the plug on hundreds of stores in recent months. MORE
Never been there
Macy’s is due to slamming Trump. Check out when their down turn started.
Perhaps they should stop populating their commercials and ads with nothing but blacks.
Screw their PC bullshit.
Never been to a Macy’s.
The Trump Effect. 😈
Please tell me they’rent closing the one at the Cross County mall in Yonkers.
When they dropped Trump ties, it became apparent they liked to support illegal border crossers more than law-abiding citizens so I cut up the Macy’s card and mailed them the pieces.
It’s a shame because Macy’s bought out May Company years ago and I liked our May stores.
Hey Macys, How is that cheap shot against Donald Trump about your precious make believe BS ‘diversity’ workin out for ya?
Several years ago they started letting perverts use the woman’s changing rooms. My roommate has not been back since.
I don’t care about the company owners or whatever, but I do feel really bad for the employees, this is bad news imo. Plus, my mom loved to shop there… sad to see this happening to so many retail stores. I DO shop online most of the time, but that’s only because I don’t own a car. :/
Don Surber covered how Macy’s – a long time stable store – went off the rails. I feel badly for the employees also, just like I feel badly for our fellow Americans who are dealing with the ruination brought about by a Squire of Gothos-like (old Star Trek reference) creature in charge of things the last seven years.
http://donsurber.blogspot.com/2016/08/trump-macys.html?spref=tw
when the gay loving, illegal alien supporting and Trump bashing started at Macys, I swore I would never return and have not. The ONLY way to stop the liberal bias is to leave them with shoppers comprised of EBT cards only who could never afford their over-priced crap anyway.
Boycotting works… Vote with your money!
https://www.2ndvote.com
They had gays and transgenders being openly gay and whatever as they danced, gyrated and flaunted their sexuality during the Macy’s Thanksgiving day parade about 5 years ago. WTG you pandering pansies. Mess with our tradition, huh? They just tore down a huge landmark of a Macy’s store here in Bedford, NH. Rubble. GONE. I have to think there’s a correlation.
this is our new business success formula don’t you know.
it’s easy, you hire a bunch of sniveling brats from ivy leagues schools to be the ceo’s and pay them an exorbitant amount even though they have never done anything to build up a business.
then when some progressive agitator targets the business for any unknown ridicules reason, the ceo knuckles to the demands of the progressive wacko, and eventually by trying to please everyone, they please no one and the business goes out of business.
then the whining sniveling ivy league ceo moves on to wreck another great American business.
got it.
what if Trump bought maceys. How fast would it turn around?
I loved L.S. Ayers and always found what I was looking for there. When Macy’s bought the property, I tried to shop there three times. Never again. Found pants one time.
Department stores just aren’t what they used to be. Most everything people in a normal income bracket could purchase is crap made in China.
I long for the day when one could purchase a decent sweater at a store that isn’t either cheap cheesecloth crap nor is decent but costs 140 bucks. I have been shopping LL. Bean and Landsend online since Ayers left our area and I don’t buy their cashmere.
As far as I’m concerned, the entire humongous mall near me can turn back into prairie.