Macy's Will Close 100 More Stores Nationwide

BURLINGTON, MA — The fate of the Macy's at the Burlington Mall could be in question in the upcoming weeks, as the department store conglomerate announced Thursday that it will be closing more than 100 of its consumer location.

The organization announced that locations of stores that are closing will be announced at a later date, and that the company plans on keeping locations in 49 of the 50 top U.S. Markets.

The company also announced that employees of the stores that are closing will be offered positions at nearby stores "where possible." Egible part- and full-time employees will receive severance benefits.

Macy's will focus its resources on its highest-performing stores while pouring more into "online shopping and mobile apps," according to the press release. In stores that stay open, Macy's plans to add new vendors and increased staffing. The company is planning on "infusing new technology, accentuating high-potential businesses such as fine jewelry, and creating new in-store events and experiences," the release said.

"Customers nearly everywhere in America will have easy access to Macy’s stores, with the additional convenience and increased functionality of our dynamic digital offering,” Macy's President Jeff Gennette said in the press release.

In September, Macy's announced that it would be closing 40 locations.

Similar fates have befallen other major retailers. Walmart is slated to close 154 U.S. stores this year and just announced a $3 billion deal to purchase Jet.com as it looks to improve its online retail presence.

Sports Authority is closing all of its nationwide stores as it wades through a Chapter 11 bankruptcy.

Target, Kmart, Sears, Kohl's and other major retailers have announced similar scale-backs.

Macy's was founded in 1858 when it opened four small department stores in Massachusetts. The company is now an iconic brand in retail nationwide and sponsors the annual Thanksgiving Day Parade through Midtown Manhattan.

Marc Torrence, Patch National Staff also contributed to this report.