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CINCINNATI (AP) — Macy's (M) will close nine stores that employ a total of about 900 people, the retailer said Friday.
"While the decision to close stores is difficult, it is necessary that we do so selectively in locations with declining sales and where we have been unable to identify sufficient growth opportunities," said Terry Lundgren, Macy's chairman and CEO.
If they carried more unique items, items you can't get anywhere else, they might be able to stay in business. There's nothing really unique about Macys.
In all the Macy's stores that I have been to, I haven't found anything that I would remotely think of wearing. It seemed that the clothes either catered to 18 year olds or 85 year olds. There wasn't anything in between. (This was over a year ago in Ca.) No normal clothes that a mid 30's person would like to wear. By that I mean skin-tight clothes with butts hanging out etc....
Our Nordstrom left our town a handful of years ago, precipitating the downfall of the whole surrounding mall. What had happened was simply a store getting fed up with the mall owner and his strange business practices. It had very little to do with the economy or store problems.
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