Macy’s announced on Wednesday that the company will close three stores in Hampton Roads which employ 273 people.
The stores are among 40 that will be shut down across the country. The stores are:
- Chesapeake Square Mall - 69 employees
- Peninsula Town Center - 109 employees
- Military Circle Mall - 95 employees
Macy's announced plans in September to close 40 of its stores in 2016. Associates displaced by the store closings may be offered positions in nearby stores where possible, a release from the company said.
Final clearance sales will begin on Monday, Jan. 11 and run for between eight to 12 weeks, according to the release.
“In light of our disappointing 2015 sales and earnings performance, we are making adjustments to become more efficient and productive in our operations. Moreover, we believe we can operate more effectively with an organization that is flatter and more agile so we can pursue growth and regain market share in our core Macy’s and Bloomingdale’s omnichannel businesses faster and with more intensity. We will continue to invest in strategic initiatives that anticipate emerging customer needs and create shareholder value,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc.
NewsChannel 3 reached out to all three malls in Hampton Roads that will be affected to see what this means for their future and for shoppers.
Ed Zivic, mall manager at Chesapeake Square released this statement:
“Although Macy’s made the announcement that they would close up to 40 stores late last year, we now know that this includes us. As southeastern Virginia’s popular family shopping, dining and entertainment destination, we will continue to offer shoppers a compelling mix of national and locally owned retailers, including Bath & Body Works, JCPenney, Target, Victoria’s Secret and Zales."
A spokesperson with Peninsula Town Center sent this statement to NewsChannel 3:
“We were recently notified that the Peninsula Town Center location is among one of the 40 Macy’s stores slated to close in 2016. While we were disappointed to learn of their planned departure, we wish them much success and welcome this opportunity, which aligns with our continued efforts to strengthen the center’s position as the region’s primary destination for fashion, food, film and fun.
Our primary focus since purchasing the property one year ago has been to improve the Peninsula Town Center experience by offering our guests and neighbors new retail, restaurant and entertainment opportunities as well as increasing community involvement. In addition to welcoming several new tenants in 2015, we were thrilled to enhance the center by unveiling our new interactive sensory children’s playground, launching the PTC trolley system and revamping the PTC Rewards program. We are dedicated to the success and longevity of the Peninsula Town Center and look forward to the completion of several improvement projects that are currently underway.
Because of its ideal location and visibility, impressive co-tenancy and ownership’s recent improvements to the center as a whole, the former Macy’s space has already attracted significant interest from several retailers eager to enter the expanding Hampton trade area. We are working hard to select the candidate that would best complement Peninsula Town Center’s existing mix of prime national, regional and local tenants and hope to announce additional tenants very soon."
Below is the complete list of stores closing and the number of workers employed:
- Irvine Spectrum, Irvine, CA (140,000 square feet; opened in 2002; 112 associates);
- Country Club Plaza, Sacramento, CA (165,000 square feet; opened in 1961; 111 associates);
- Westfield Century City, Los Angeles, CA (136,000 square feet; opened in 1976; 108 associates). Note that this store will be closed in January 2016 and replaced with a new, larger store to open in this same shopping center in spring 2017;
- Enfield Square main store, Enfield, CT (166,000 square feet; opened in 1971; 84 associates);
- Enfield Square furniture/home/men’s store, Enfield, CT (76,000 square feet; opened in 1971; 20 associates);
- North DeKalb Mall, Decatur, GA (190,000 square feet; opened in 1965; 89 associates);
- Kailua, HI (59,000 square feet; opened in 1946; 57 associates);
- Palouse Mall, Moscow, ID (41,000 square feet; opened in 1979; 47 associates);
- Northwoods Mall, Peoria, IL (165,000 square feet; opened in 1985; 62 associates);
- Cortana Mall, Baton Rouge, LA (243,000 square feet; opened in 1976; 108 associates);
- Valley Mall, Hagerstown, MD (120,000 square feet; opened in 1999; 59 associates);
- Berkshire Mall, Lanesborough, MA (111,000 square feet; opened in 1994; 58 associates);
- Eastfield Mall, Springfield, MA (127,000 square feet; opened in 1994; 71 associates);
- The Shoppes at Stadium, Columbia, MO (140,000 square feet; opened in 2003; 81 associates);
- Middlesex Mall, South Plainfield, NJ (81,000 square feet; opened in 1976; 69 associates);
- McKinley Mall main store, Buffalo, NY (88,000 square feet; opened in 1989; 65 associates);
- McKinley Mall home store, Buffalo, NY (31,000 Square feet; opened in 1989; 10 associates);
- Arnot Mall, Horsehead, NY (120,000 square feet; opened in 1995; 79 associates);
- Hudson Valley Mall, Kingston, NY (121,000 square feet; opened in 1995; 72 associates);
- Eastern Hills Mall, Williamsville, NY (127,000 square feet; opened in 1971; 80 associates);
- Cary Towne Center, Cary, NC (107,000 square feet; opened in 1991; 63 associates);
- Chapel Hill Mall, Akron, OH (169,000 square feet; opened in 1967; 91 associates);
- Midway Mall, Elyria, OH (105,000 square feet; opened in 1990; 64 associates);
- Quail Springs Mall, Oklahoma City, OK (146,000 square feet; opened in 1986; 87 associates);
- Pony Village Mall, North Bend, OR (41,000 square feet; opened in 1980; 54 associates);
- Roseburg Valley Mall, Roseburg, OR (40,000 square feet; opened in 1980; 59 associates);
- Suburban Square, Ardmore, PA (102,000 square feet; opened in 1930; 74 associates);
- Century III Mall, West Mifflin, PA (173,000 square feet; opened in 1979; 101 associates);
- Ridgmar Mall, Ft. Worth, TX (181,000 square feet; opened in 1998; 92 associates);
- Chesapeake Square, Chesapeake, VA (95,000 square feet; opened in 1999; 69 associates);
- Virginia Center Commons, Glen Allen, VA (110,000 square feet; opened in 1993; 81 associates);
- Peninsula Town Center, Hampton, VA (173,000 square feet; opened in 1977; 109 associates);
- Military Circle Mall, Norfolk, VA (153,000 square feet; opened in 1976; 95 associates);
- Regency Square main store, Richmond, VA (100,000 square feet; opened in 1990; 100 associates);
- Regency Square furniture/home/men’s store, Richmond, VA (124,000 square feet; opened in 1990; 35 associates);
- Downtown Spokane, Spokane, WA (374,000 square feet; opened in 1947; 94 associates).
Macy’s stores closed in the final three quarters of 2015 (previously announced):
- Owings Mills Mall, Owings Mills, MD (164,000 square feet; opened in 1986; 90 associates);
- Bedford, NH (180,000 square feet; opened in 1966; 105 associates);
- Essex Green Shopping Center, West Orange, NJ (93,000 square feet; opened in 1975; 101 associates). Note that this location was converted to a Macy’s Backstage store.
- Downtown Pittsburgh, PA (1,158,000 square feet; opened in 1946; 170 associates).