成人X站

MONEY

Macy’s will close more Washington stores amid financial struggles

Jan 10, 2025, 9:00 AM | Updated: 4:07 pm

Photo: Macy's is planning on closing more stores in 2025....

Macy's is planning on closing more stores in 2025. (Photo: Gene J. Puskar, AP)

(Photo: Gene J. Puskar, AP)

Macy’s is set to close three stores in Washington as part of its ongoing efforts to refocus on its most successful properties. The affected locations are South Hill Mall in Puyallup, Redmond Furniture on NE 24th Street and Kitsap Mall in Silverdale.

The company announced last February it would close 150 stores by the end of 2026. The retailer is focusing on its high-end brands and plans to invest in its 350 remaining locations, Tony Spring, Macy’s chair and CEO, said in a statement. Spring stated that closing underperforming stores will allow the company to “focus resources and prioritize investments.”

Macy’s said that clearance sales will begin in January and will run for approximately eight to 12 weeks. For most furniture galleries, clearance sales will start in February and run for approximately six weeks.

Related news: Washington Macy鈥檚 workers strike for higher wages, better crime protection

According to overall sales for Macy’s declined 2.4% to $4.7 billion in the third quarter of 2024.

However, sales at the company’s most successful 50 locations rose 1.9%, marking a third consecutive quarter of sales growth, . Sales at Macy’s properties Bloomingdale鈥檚 and Bluemercury showed increased sales, as well, compared to a year ago.

The department store sector has been struggling for years. Retailers have seen the bankruptcies of major chains such as Sears, JCPenney and Neiman Marcus. Recently, Kohl’s announced it would close 27 stores by April.

Keep your brain sharp: Simple lifestyle changes backed by Seattle research

The plans to shutter stores go back to as early as 2020, before the pandemic. Macy’s planned to close around 125 stores as part of a three-year plan. However, the company fell short of its target, closing 80 stores. Last year, the retailer closed another five stores.

The retailer announced in February 2024 plans to shut down 150 “underproductive” Macy’s store locations by 2026. The plan “is designed to return the company to sustainable, profitable sales growth,” Macy’s said in a press release Thursday. Macy’s still plans to close a total of about 150 underproductive stores while investing in its 350 current Macy鈥檚 locations through the company’s 2026 fiscal year, which ends January 30, 2027, the company said in a press release.

“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy鈥檚 stores to allow us to focus our resources and prioritize investments in our go-forward stores, where customers are already responding positively to better product offerings and elevated service,” Spring said in a statement.

Bill Kaczaraba is a content editor at MyNorthwest. You can read his stories here. Follow Bill on and email him here.听

Money

AT&T redmond...

Frank Sumrall

AT&T leaves Redmond Town Center as companies shrink their Seattle-area footprint

AT&T Inc. is departing its corporate office in Redmond in the latest major company exodus from the region.

7 days ago

disney office space...

MyNorthwest Staff

Disney downsizes its Seattle office space in latest corporation exodus from region

The聽Walt Disney Company decided to downsize the office space the company occupies in Seattle last quarter, according to a report from CBRE Commercial Real Estate last week.

12 days ago

tariffs seattle businesses...

Heather Bosch

This will cost ‘half of my total anticipated profit’: Seattle businesses fight to survive turbulent tariffs

The Trump administration's shifting tariffs are wreaking havoc on Seattle businesses' bottom lines and, in some cases, threaten their survival and the jobs they provide.

12 days ago

egg prices trump...

Associated Press

Egg prices increase to record high despite Trump’s predictions and bird flu outbreak slowing

In defiance of President Donald Trump's predictions, U.S. egg prices increased again last month to reach a new record high of $6.23 despite a drop in wholesale prices and no egg farms having bird flu outbreaks.

19 days ago

forever 21...

Michelle Chapman and Anne D鈥橧nnocenzio, The Associated Press

Forever no more. Operator of mall staple Forever 21 files for bankruptcy protection

Forever 21 has filed for bankruptcy protection聽for a second time聽and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies.

1 month ago

gas pumps...

Brooke Griffin, 成人X站 7 News

Gas pumps around Washington could be giving different amounts of fuel than what you paid for

Have you ever wondered if your local gas pumps are really giving you the amount of fuel you鈥檙e paying for?

1 month ago

Macy’s will close more Washington stores amid financial struggles