Macy's closing another 100 stores - could any Phoenix area locations be affected? (Mesa: appliances, Home Depot)

[Vanderbiltgrad]

Macy's stock is very weak, never been a big Macy's guy. Nordstrom's is way better even if it is a bit overpriced. Macy's are everywhere its so annoying they are like the McDonald's of Department stores they were at least smart to start consolidating their stores.

[Pink Jazz]

Originally Posted by adriver

Something similar was just on the news. They said that the Tucson store was the only store in the state that was losing money. Stands to reason that will be the only one closing in AZ

Not necessarily. This list only contains the 28 most vulnerable stores, but there will be a total of 100 stores closing.

[Pink Jazz]

Sorry to bump an old thread, but based on some information that I found, the three highest performing Macy's locations in the Phoenix area are Scottsdale Fashion Square, Chandler Fashion Center, and Arrowhead Towne Center. So I presume these three are safe.

I am a bit surprised that Arrowhead would outperform the SanTan or Biltmore locations. However, it could be due to the fact that it is the only location in the West Valley.

[locolife]

Originally Posted by Pink Jazz

I am a bit surprised that Arrowhead would outperform the SanTan or Biltmore locations. However, it could be due to the fact that it is the only location in the West Valley.

I think you hit the nail on the head right there, if you live west of the 17 there is not a lot of options for malls. I think Westcor had plans to put a center in the SW valley but since the recession hit I have not heard anything else about it.

[Pink Jazz]

In truth, I am really not sure if any locations in the Valley will close. None were identified as particularly vulnerable in any list. The East Valley Tribune stated that all three East Valley locations (Chandler Fashion Center, SanTan Village, and Superstition Springs Center) are presumed safe.

I would not call the Superstition and SanTan locations redundant, since the Superstition location is a much larger store with a larger variety of products, while the SanTan Village location is a smaller store primarily for the convenience of southeast Gilbert and Queen Creek residents. Mesa already lost its Fiesta Mall location, and Chandler Fashion Center would be a bit of a drive for those in far east Mesa who need the full line of products sold at Macy's. Losing the SanTan location would be a bit of an inconvenience for Queen Creek and southeast Gilbert residents.

Now, the interesting story seems to be Biltmore vs. Paradise Valley Mall. In terms of upscale factor and mall performance, Biltmore wins hands down despite the surrounding demographics being comparable (Arcadia vs. the Phoenix neighborhood of Paradise Valley, not to be confused with the Town of Paradise Valley). However, Biltmore is sandwiched between Paradise Valley Mall and Scottsdale Fashion Square, and the Scottsdale location is Macy's #1 performing location in Arizona.

[Pink Jazz]

According to this article:
Macy's Sells Five Stores to GGP, Offers Potential Clues to Future Store Closures - CoStar Group

Macerich CEO Art Coppola expects that only one store in the Macerich portfolio will be closed, and that would be the Bloomingdale's store at Santa Monica Place in California. Macerich owns and manages all of the malls here in the Phoenix area that contain a Macy's, so this could hint that all of the Phoenix area locations are safe.

[Ztonyg]

Originally Posted by Pink Jazz

In truth, I am really not sure if any locations in the Valley will close. None were identified as particularly vulnerable in any list. The East Valley Tribune stated that all three East Valley locations (Chandler Fashion Center, SanTan Village, and Superstition Springs Center) are presumed safe.

I would not call the Superstition and SanTan locations redundant, since the Superstition location is a much larger store with a larger variety of products, while the SanTan Village location is a smaller store primarily for the convenience of southeast Gilbert and Queen Creek residents. Mesa already lost its Fiesta Mall location, and Chandler Fashion Center would be a bit of a drive for those in far east Mesa who need the full line of products sold at Macy's. Losing the SanTan location would be a bit of an inconvenience for Queen Creek and southeast Gilbert residents.

Now, the interesting story seems to be Biltmore vs. Paradise Valley Mall. In terms of upscale factor and mall performance, Biltmore wins hands down despite the surrounding demographics being comparable (Arcadia vs. the Phoenix neighborhood of Paradise Valley, not to be confused with the Town of Paradise Valley). However, Biltmore is sandwiched between Paradise Valley Mall and Scottsdale Fashion Square, and the Scottsdale location is Macy's #1 performing location in Arizona.

The Paradise Valley Mall is the closest store to most of Scottsdale north of Bell Rd, Carefree, Cave Creek, and North Phoenix north of Shea and East of I-17. While the mall isn't the most happening mall in the metro area, neither the mall nor the Macy's store there are in any real danger.

Macy's already got rid of its low hanging fruit in Phoenix: Fiesta and Metrocenter.

[Pink Jazz]

Looks like the Tucson Mall location in Tucson is confirmed for closure:
Macy's expected to leave Tucson Mall | Tucson Business News | tucson.com

Still no word on Phoenix area locations.

[Pink Jazz]

And Macy's has just announced the first 68 of the closing stores, none of which are in Arizona:
http://www.bizjournals.com/phoenix/n...sure-list.html

Despite earlier reports that the Tucson Mall location is slated for closure, it is notably absent on the initial store closing list. Perhaps it will be included in the next closure list of the remaining 32 stores.

[adriver]

Originally Posted by Pink Jazz

And Macy's has just announced the first 68 of the closing stores, none of which are in Arizona:
http://www.bizjournals.com/phoenix/n...sure-list.html

Despite earlier reports that the Tucson Mall location is slated for closure, it is notably absent on the initial store closing list. Perhaps it will be included in the next closure list of the remaining 32 stores.

Here is another list grouped by state.
Is my Macy's store closing?

California
Mission Valley Apparel, San Diego, CA (385,000 square feet; opened 1961; 140 associates)
Paseo Nuevo, Santa Barbara, CA (141,000 square feet; opened 1990; 77 associates)
Florida
Lakeland Square, Lakeland, FL (101,000 square feet; opened 1995; 68 associates)
Oviedo Marketplace, Oviedo, FL (195,000 square feet; opened 2000; 83 associates)
Sarasota Square, Sarasota, FL (143,000 square feet; opened 1977; 86 associates)
University Square, Tampa, FL (140,000 square feet; opened 1974; 73 associates)
CityPlace, West Palm Beach, FL (108,000 square feet; opened 2000; 72 associates)
Georgia
Georgia Square, Athens, GA (121,000 square feet; opened 1981; 69 associates)
Idaho
Nampa Gateway Center, Nampa, ID (104,000, square feet; opened 2009; 57 associates)
Illinois
Alton Square, Alton, IL (180,000 square feet; opened 1978; 54 associates)
Stratford Square, Bloomingdale, IL (149,000 square feet; opened 1981; 87 associates)
Eastland, Bloomington, IL (154,000 square feet; opened 1999; 55 associates)
Kentucky
Jefferson, Louisville, KY (157,000 square feet; opened 1979; 52 associates)
Louisiana
Esplanade, Kenner, LA (188,000 square feet; opened 2008; 101 associates)
Maine
Bangor, Bangor, ME (143,000 square feet; opened 1998; 65 associates)
Massachusetts
Westgate, Brockton, MA (144,000 square feet; opened 2003; 79 associates)
Silver City Galleria, Taunton, MA (152,000 square feet; opened 1992; 82 associates)
Michigan
Lakeview Square Mall, Battle Creek, MI (102,000 square feet: opened 1983; 51 associates)
Eastland Center, Harper Woods, MI (433,000 square feet; opened 1957; 121 associates)
Lansing, Lansing, MI (103,000 square feet; opened 1979; 57 associates)
Westland, Westland, MI (334,000 square feet; opened 1965; 106 associates)
Minnesota
Minneapolis Downtown, Minneapolis, MN (1,276,000 square feet; opened 1902; 280 associates)
North Carolina
Northgate, Durham, NC (187,000 square feet; opened 1994; 72 associates)
North Dakota
Columbia, Grand Forks, ND (99,000 square feet; opened 1978; 53 associates)
New Jersey
Moorestown, Moorestown, NJ (200,000 square feet; opened 1999; 107 associates)
Voorhees Town Center, Voorhees, NJ (224,000 square feet; opened 1970; 77 associates)
Preakness, Wayne, NJ (81,000 square feet; opened 1963; 72 associates)
New Mexico
Cottonwood, Albuquerque, NM (173,000 square feet; opened 1996; 56 associates)
Nevada
Las Vegas Boulevard, Las Vegas, NV (178,000 square feet; opened 1966; 84 associates)
New York
Great Northern, Clay, NY (88,000 square feet; opened 1989; 55 associates)
Oakdale Mall, Johnson City, NY (140,000 square feet; opened 2000; 58 associates)
The Marketplace, Rochester, NY (149,000 square feet; opened 1982; 77 associates)
Ohio
Eastland, Columbus, OH (121,000 square feet; opened 2006; 73 associates)
Sandusky, Sandusky, OH (133,000 square feet; opened 1979; 61 associates)
Fort Steuben, Steubenville, OH (132,000 square feet; opened 1974; 59 associates)
Oklahoma
Promenade, Tulsa, OK (180,000 square feet; opened in 1996; 58 associates)
Pennsylvania
Neshaminy, Bensalem, PA (211,000 square feet; opened 1968; 89 associates)
Shenango Valley, Hermitage, PA (106,000 square feet; opened 1976; 69 associates)
Beaver Valley, Monaca, PA (203,000 square feet; opened 1987; 78 associates)
Lycoming, Muncy, PA (120,000 square feet; opened 1995; 61 associates)
Plymouth Meeting, Plymouth Meeting, PA (214,000 square feet; opened 1966; 74 associates)
Washington Crown Center, Washington, PA (148,000 square feet; opened 1999; 67 associates)
Texas
Parkdale, Beaumont, TX (171,000 square feet; opened 2002; 67 associates)
Southwest Center, Dallas, TX (148,000 square feet; opened 1975; 68 associates)
Sunland Park, El Paso, TX (105,000 square feet; opened 2004; 71 associates)
Greenspoint, Houston, TX (314,000 square feet; opened 1976; 70 associates)
West Oaks Mall, Houston, TX (244,000 square feet; opened 1982; 135 associates)
Pasadena Town Square, Pasadena, TX (209,000 square feet; opened 1962; 78 associates)
Collin Creek, Plano, TX (199,000 square feet; opened 1980; 103 associates)
Broadway Square, Tyler, TX (100,000 square feet; opened 1981; 65 associates)
Utah
Layton Hills, Layton, UT (162,000 square feet; opened 1980; 72 associates)
Cottonwood, Salt Lake City, UT (200,000 square feet; opened 1962; 88 associates)
Virginia
Landmark, Alexandria, VA (201,000 square feet; opened 1965; 119 associates)
River Ridge, Lynchburg, VA (144,000 square feet; opened 1980; 60 associates)
Washington
Everett, Everett, WA (133,000 square feet; opened 1977; 109 associates)
Three Rivers, Kelso, WA (51,000 square feet; opened 1987; 57 associates)
Wisconsin
Valley View, La Crosse, WI (101,000 square feet; opened 1980; 57 associates)

In addition, the list includes six stores that were previously slated to close:
--Greenwood, Bowling Green, KY (124,000 square feet; opened 1980; 63 associates)
--Carolina Place, Pineville, NC (151,000 square feet; opened 1993; 69 associates)
--Douglaston, Douglaston, NY (158,000 square feet; opened 1981; 144 associates)
--Downtown Portland, Portland, OR (246,000 square feet; opened 2007; 85 associates)
--Lancaster Mall, Salem, OR (67,000 square feet; opened 1980; 53 associates)
--Oakwood Mall, Eau Claire, WI (104,000 square feet; opened 1991; 55 associates)
The company also said it would open two new Macy’s stores, in Los Angeles and Murray, Utah, and two new Bloomingdale’s locations, in San Jose, California, and Norwalk, Connecticut.*
--Westfield Century City, Los Angeles, CA (a 155,000 square-foot store to open in spring 2017; Macy’s previously operated a 136,000 square-foot store in this location which closed in January 2016)
--Fashion Place, Murray, UT (160,000 square feet; to open in spring 2017; approximately 150 associates
--Westfield Valley Fair Shopping Center, San Jose, CA (150,000 square feet; to open in spring 2019; approximately 250 associates)
--The SoNo Collection, Norwalk, CT (150,000 square feet; to open in fall 2019; approximately 200 associates).