Macy’s Store Closings: A Predictable Outcome


The Wall Street Journal reports on today’s announcement of Macy’s store closings throughout the country:

Macy’s this morning announced the closing of 11 stores, a move that came after a rough holiday season. Macy’s also said Thursday that same-store sales for December fell 4%, amid what it called “the most challenging economic environment in memory.

Here’s a list of the 11 Macy’s stores that are slated to close.

The closures represent a small proportion of Macy’s 860 total stores. Nevertheless, barring a miracle of credit or influx of mall-hungry tourists, the move probably preempts more closures.

Where will all the mall rats go now?

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