Struggling mall retailer closing 66 stores (locations revealed)
The cost cutting measures are a part of a larger strategy.
It's probably been a little while since the last time you visited a shopping mall.
And even if you've been to one recently, you probably couldn't help but notice a few changes.
Related: Struggling retail chain makes harsh change amid bankruptcy rumors
For instance, you might have seen a lot more vacant stores than there were, say, in the 1990s.
The changing shopping landscape in the U.S. is nothing new.
Shifts in consumer taste have put many malls on their heels since many people now prefer to shop online because of expedience and cost-saving opportunities.
But it isn't just the internet that's put malls into a tailspin.
Plenty of people still shop in person. They just prefer to do it elsewhere, as at a suburban shopping plaza closer to home, which might house discount retailers like TJ Maxx, Marshalls, Target, or other bargain outlets.
And speaking of outlets, some consumers still do shop at shopping hubs. They're just doing it more at outlet malls, which offer inventory at typically lower prices and offer other perks — like easier parking or outdoor mingling areas. Eva Marie Uzcategui/Bloomberg via Getty Images
One mall retailer has been troubled
One of the most iconic mall retailers — Macy's (M) — has also borne the brunt of malls' struggles.
The common mall anchor store has struggled as mall foot traffic dwindles.
Macy's relies on customers passing through many of its stores to boost sales. This model works great when nearly every U.S. consumer visits a mall to do the bulk of their shopping.
More Retail:
- Walmart, Target, Costco make major 2025 announcement
- Formerly bankrupt retailer makes painful decision to close more stores
- Top investor takes firm stance on troubled retail brand
- Walmart and Costco making major change affecting all customers
It's a less strong financial model when many malls stand empty with nearly zero revitalization plans.
So Macy's announced in 2024 it will shutter some 150 underperforming stores in the near-term — by 2026 — as a part of its Bold New Chapter strategy to turn around the brand.
Macy's to close 66 stores soon
And now, Macy's has begun to shutter some of those stores.
The retailer said it would close 66 stores across 22 states in the U.S. beginning in January through the next three to four months.
Both full-size and smaller-format stores will be shuttered.
The locations are in the following states:
- Arizona
- California
- Colorado
- Florida
- Georgia
- Idaho
- Illinois
- Louisiana
- Maryland
- Massachussetts
- Michigan
- Minnesota
- Missouri
- New Jersey
- New York
- Ohio
- Oregon
- Pennsylvania
- Tennessee
- Texas
- Virginia
- Washington
Nine locations will close in California, including:
- Chula Vista: Otay Ranch Town Center, 2015 Birch Road
- Citrus Heights: Sunrise Mall, 6000 Sunrise Mall
- Corte Madera: Village at Corte Madera, 1400 Redwood Highway
- Los Angeles: Downtown LA Plaza, 750 W 7th St.
- Newark: NewPark Mall, 200 Newpark Mall
- Sacramento: Downtown Plaza, 414 K St.
- San Diego: Mission Valley Home, 1555 Camino De La Reina
- San Mateo Hillsdale Furniture: 2838 South El Camino
- Westminster: Westminster Mall, 300 Westminster Mall
And eight will close in Florida, including:
- Altamonte Springs Furniture: 820 West Town Parkway
- Boca Raton Furniture: 9339 Glades Rd (already closed)
- Boynton Beach: Boynton Beach Mall, 801 N Congress Ave
- Fort Lauderdale Furniture: 4501 N. Federal Highway
- Pembroke Pines Furniture: 13640 Pines Blvd.
- Sarasota: Westfield Siesta Key, former Southgate Mall, 3501 S Tamiami Trail
- South Dade Furniture: 13251 South Dixie Highway (already closed)
- Tampa: West Shore Plaza, 298 Westshore Plaza
Nine will also close in New York:
- Brooklyn Downtown: 422 Fulton St.
- Brooklyn: Backstage Sheepshead Bay: 2027 Emmons Ave.
- Bronx: Backstage Fordham Place, 404 East Fordham Road
- Elmhurst: Backstage Queens Place, 88-01 Queens Blvd.
- Huntington: Melville Mall, 834 Walt Whitman Road
- New Hyde Park: Backstage Lake Success, 1526 Union Turnpike
- Massapequa: Sunrise Mall, 400 Sunrise Mall
- Rochester: Greece Ridge Center, 397 Greece Ridge Center
- Staten Island Furniture: 98 Richmond Hill Road
Six will close in Texas, including:
- Dallas Market by Macy's: Southlake Town Square, 321 State Street
- Flower Mound Market by Macy's: Highlands of Flower Mound, 6101 Long Prairie Road
- Fort Worth Market by Macy's: West Bend, 1751 River Run
- Houston: Almeda Mall, 100 Almeda Mall
- Plano: The Shops at Willow Bend, 6209 W Park Blvd.
- Fairview: Village at Fairview, 201 Stacy Road
Related: Veteran fund manager unveils eye-popping S&P 500 forecast
