Business & Tech
Macy's To Shutter 40 Locations By Next Spring, Reports Say
The retailer, which has two stores in Wayne, has not finalized the list of locations, according to reports.
National department store chain Macy’s has announced it will close up to 40 of its storesnationwide by next spring, according to a report.
Fortune magazine reports the retailer will be closing the stores that generate less than 1 percent of company sales, with 35 to 40 stores out of 770 affected.
The chain operates 31 stores in New Jersey, including ones at the Willowbrook Mall, Preakness Shopping Center, and a Macy’s Furniture Gallery on Route 46.
Find out what's happening in Waynefor free with the latest updates from Patch.
The Ohio-based company has not finalized the list of closing locations, according to a report on NJ.com.
The chain closed 14 stores earlier this year, including one at the Ledgewood Mall in Roxbury, NJ.com reported.
Find out what's happening in Waynefor free with the latest updates from Patch.
The company announced it will offer employees positions at nearby stores or provide severance benefits.
Macy’s high-end sister chain Bloomingdale’s will not be affected, according to the reports.
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