It includes six full department stores, a Bloomingdale outlet store and a Macy’s store, which the company said closed last year but has never been made public.
Macy’s said Bloomingdale’s location at Miromar Outlets in Estero, Florida, will close at the end of the fiscal fourth quarter. The other six full-service locations will close by the end of the first quarter of 2022.
“Stores remain an integral part of our omnichannel retail ecosystem,” a Macy’s spokesperson said in a statement. “As our business grows, we continue to optimize and reposition our store fleet to more effectively support omnichannel sales growth and market share expansion.”
Macy’s will offer affected workers at these locations severance packages or other roles at nearby stores, she said. The company declined to say how many employees work at these locations.
In mid-November, Macy’s announced that it will close about 10 stores in January. The retailer had plans to close more locations, but it said it was reviewing when it would close about 60 of the remaining open stores of the 125 closed with a goal to close by 2020. 2023.
Chief Financial Officer Adrian Mitchell said: “The delayed closure of certain stores allows us to maintain a physical presence in the market, which is critical to our revenue growth. us,” Chief Financial Officer Adrian Mitchell said on an earnings conference call at the time. “Digital performance is stronger in the markets where we have stores.”
Macy’s is also reviewing its business with consulting firm AlixPartners amid pressure from activist investor Jana Partners to separate Macy’s stores from its e-commerce arm.
Last January, Macy’s has released a list of dozens of department store locations closed as part of a three-year plan. However, the pace of closing is slowing as Macy’s operates a leaner store portfolio. It has 516 full-line Macy’s department stores, according to its website.
Macy’s has also been tested outside of shopping malls and smaller format venues, as it closed larger venues, anchored in traditional malls.
Macy’s shares are up 143% in 2021.