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Latest round of Macy's closures claims one store in Indiana

January 4, 2018

Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.

The closure list includes the Macy’s in Honey Creek Mall, the retailer said.

The closure will leave 10 Macy's locations in Indiana—at Castleton Square and Glendale Shopping Center in Indianapolis; at Greenwood Park Mall in Greenwood; and single stores in Bloomington, Lafayette, Muncie, Fort Wayne, Mishawaka, Merrillville and Evansville.

Also on the latest closure list is the Macy’s in downtown Cincinnati, two stores in Florida and single stores in California, Michigan and Vermont.

The Cincinnati-based retailer confirmed Wednesday that the closure is part of a plan to close 100 stores that it announced in August 2016. The company has now revealed 81 of the 100 locations.

Macy’s on Thursday also said it was moving ahead with previously announced closures of three other California stores and a store in Idaho. The closures of the 11 eleven stores will result in about 5,000 net job cuts.

Liquidation sales are likely to begin next week and continue for up to to 12 weeks.

Macy’s reported same-store sales growth of 1.1 percent for November and December, which trailed rival J.C. Penney, which saw a 3.4 percent rise in sales at locations open more than a year.

 

 

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