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Old 01-08-2009, 01:50 PM
 
726 posts, read 2,591,421 times
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Macy’s Inc. announced today it will close 11 underperforming stores.......

No Macy’s store in Georgia will be closing, according to a news release. The stores to close are in California, Colorado, Florida, Hawaii, Indiana, Minnesota, Missouri, Pennsylvania and Tennessee, according to the release.
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Old 01-08-2009, 08:44 PM
 
Location: West Cobb County, GA (Atlanta metro)
9,188 posts, read 30,801,732 times
Reputation: 5171
They're certainly not the first to close, and unfortunately, they won't be the last.

By this time next year I fear people will be quite shocked at the number of chain stores and restaurants that will either have drastically scaled back or closed altogether. Some economists are saying that Americans way of life will actually be simplified by the time this is over (which is not necessarily a bad thing). The worst of it is that stores like Walmart are almost thriving under these conditions, so the nicer stores will close shop, and we'll be left with an overabundance of discount chains to choose from. Hack http://bestsmileys.com/sick/9.gif (broken link)

Unfortunately, the new administration coming into Washington could almost literally have halos on their heads and wings, and it will be nearly impossible to undo the abuses and damages to the economy that have been done to date, so again, expect much more of this before it even remotely gets better.
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Old 01-09-2009, 06:44 AM
 
Location: Marietta, GA
7,862 posts, read 15,232,131 times
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This is only a little more than 1% of the total number of stores, which stands between 800 - 900 when you include Bloomingdales. These were underperforming stores that were probably destined to be closed in any case. I don't look at this as a huge negative if it makes Macys stronger.
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