Macy’s Is Closing 100 Stores: Does Your Local Store Stand A Chance?
In early August, Macy’s announced that it would close 100 stores. Executives said the chain had too many outposts for the digital era but didn’t say which stores they would be closing, igniting speculation around which locations it would shed. The implications spread well beyond Macy’s, because many malls and shopping centers rely on the department store as an anchor. Some experts think woes at Macy’s could doom one-third of American malls. Macy’s currently has 24 stores in the Washington-Baltimore area. Post reporters Sarah Halzack, who covers retail, and Jonathan O’Connell, who covers commercial real estate, took to the messaging app Slack to try to decipher where the company’s cuts are likely to come nationally and in the Washington area. See more at The Washington Post.
