Macy’s closing 29 stores, Lima remaining open


Associated Press



The Macy’s location in Lima will remain open, despite plans to close 29 other stores, including three in Ohio.

The Macy’s location in Lima will remain open, despite plans to close 29 other stores, including three in Ohio.


LIMA — Macy’s is closing 29 stores in coming weeks despite the company reporting some improvement in comparable-stores sales during the crucial holiday shopping season.

In an email to The Associated Press, the Cincinnati-based retailer said the store closures include 28 Macy’s locations and one Bloomingdale’s store. It was unclear how that would affect employees at those stores.

The Lima Mall Macy’s is not included in the latest list of store closures. But three other Macy’s locations in Ohio are slated to close this year, including those at the Northgate Mall in Cincinnati, Stow-Kent Plaza in Stow, Ohio, and the Ohio Valley Mall in St. Clairsville.

Macy’s on Wednesday reported that its sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated. The company’s stock rose more than 2% in afternoon trading Wednesday.

Strong online sales boosted the results.

Like other department stores, Macy’s is struggling to adapt to a shift online by customers amid intense competition from off-price discounters such as T.J. Maxx.

Macy’s has pursued a number of strategies as a way to get shoppers back. That includes expanding an off-price concept at its Macy’s stores called Backstage. It also recently teamed up with resale site ThredUp. The company’s Bloomingdale’s division has also launched a clothing rental service.

The company said it will provide an update on its growth strategy and three-year plan at its annual meeting with investors on Feb. 5.

In November, Macy’s cut its annual profit and sales expectations after posting a steeper-than-expected 3.5% drop in same-store sales for the third quarter.

It marked Macy’s first quarterly comparable store sales decline in almost two years.

The Macy’s location in Lima will remain open, despite plans to close 29 other stores, including three in Ohio.
https://www.limaohio.com/wp-content/uploads/sites/54/2020/01/web1_Macys-RP-004.jpgThe Macy’s location in Lima will remain open, despite plans to close 29 other stores, including three in Ohio.

Associated Press

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