Macy’s is closing 45 stores, including two in Dallas-Fort Worth
Macy’s announced it will permanently close two local stores as part of a plan announced last year to close 125 locations by 2023.
Workers at Music City Mall (formerly Vista Ridge) in Lewisville and the Golden Triangle Mall in Denton have been notified of plans to close on Tuesday.
The two stores are among the 45 that Macy’s said will start selling out this month, which will take 8 to 12 weeks to complete.
At Lewisville Mall, JC Penney has already closed and the center’s empty Sears store was taken over by Zion Marketplace, a Korean grocery and homeware store, in 2019. Dillard’s is the last of its four anchor stores and was operated as an outlet center.
Denton’s Golden Triangle is also anchored by JC Penney, Dillard’s, and H&M, and last year added a new 41,000 square foot fitness compound and Conn’s that opened in the former Sears store.
“We all hate to see a long-term anchor like Macy’s in the Golden Triangle Mall,” said Herb Weitzman, executive chairman of Weitzman, who leases and manages the mall. “However, the Golden Triangle is one of the most visible and accessible projects on the market. Since we started working on the mall almost a decade ago, we have developed an action plan to strengthen and position it for the future.”
The recently remodeled mall has more openings planned for 2021, including the Hawaiian Bros. restaurant, according to Weitzman.
Macy’s store employees who are not moved to nearby stores receive severance pay and offer outplacement services, the retailer said.
“Closing a business decision is always difficult, but Macy’s is honored to have served our customers and the community for the past 29 years at Macy’s Vista Ridge and 17 years at Macy’s Golden Triangle,” said a Macy’s spokeswoman in an email. “We look forward to continuing to do so at Macy’s neighboring locations.”
Macy’s will continue to operate nine department stores in Dallas-Fort Worth as well as the new Market by Macy’s off-mall concept in Southlake Town Square. This store was the Macy’s company’s first store in the U.S. and opened just before the pandemic last year. A second location is planned in Fort Worth.
Jeff Gennette, CEO of Macy’s, which also owns Bloomingdale’s, said in September that he believes the best malls will “thrive” in the US, but the retailer will focus on e-commerce and smaller stores like Market by Macy’s. A similar little concept is in the works for Bloomingdale’s.
Department stores have had problems for years, and Macy’s was a big consolidator of regional brands in the early 2000s, giving it a national footprint. However, traffic in shopping centers is declining as e-commerce and competition from newer outlet and outdoor centers play a role.
JC Penney recently closed more than 150 stores as part of its bankruptcy reorganization. Neiman Marcus closed six full-line and 22 last-call deals as part of his bankruptcy last year. Lord & Taylor have closed, and even Nordstrom, one of the strongest department stores, permanently closed 16 locations last year, including one in Texas on the North East Mall in Hurst.
Last year, Macy’s closed 29 of its 544 department stores of the same name and two of its 54 department stores in Bloomingdale. In addition, two other Bloomingdale furniture stores were closed.
The retailer’s other off-mall stores include 166 Blue Mercury beauty concept stores, 19 Bloomingdale’s The Outlet, and six freestanding Macy’s Backstage stores. The backstage-off-price concept has also been added in some Macy’s stores with separate entrances, such as the Town East Mall.
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