A MACY’S store inside a popular shopping mall will close its doors in the coming months.
Execs at the department store chain identified 150 underperforming locations that will close by 2026.
The store is located in the Kingston Collection mall[/caption]
The company has tried to reassure shoppers that the closure isn’t imminent, per The Patriot Ledger.
The department store located in the Kingston Collection mall is to remain open until early 2025.
A company spokesperson told The Patriot Ledger the pending shutdown aligns with the chain’s desire to return to profitability.
The space inside the shopping mall has always been a Macy’s or a Filene’s outlet since 1989.
Shoppers regret the store is closing.
“It’s sad. I grew up here, and I’ve shopped here,” one told the radio station WBZ.
“I’m very disappointed. I love it,” another said.
Shoppers also reflected on their time visiting the mall.
“Such a bummer about the mall. The place was off the hook,” a third person chimed.
The Kingston Collection mall also houses chains such as Starbucks, Sunglass Hut, Target, and Toys R Us.
It’s unknown what will replace the Macy’s store once it closes.
Macy’s is not leaving Massachusetts entirely, as the chain has more than a dozen other sites.
But outlets in Braintree and Hanover are expected to go to the wall.
Why are Macy’s stores closing?
Macy’s is closing 150 stores over the next three years and upgrading its remaining 350 stores.
It’s been revealed that 55 are set to close by the end of this year.
The company expects to rake in between $600 and $750 million by selling the outlets.
Macy’s plans to open 30 new small-format stores by fall 2025.
The retailer’s overhaul includes adding more salespeople to fitting areas and shoe departments.
Macy’s is also depending more on luxury sales.
The firm will open 15 higher end Bloomingdales stores.
The stores in Massachusetts are not the only outlets that are slated to close.
In August, The U.S. Sun reported that a Macy’s outlet in Tucker, Georgia—around 24 minutes northeast of Atlanta—will also close by early next year.
In February this year, bosses first revealed plans to close down 150 stores.
Chiefs decided to make the announcement after the chain, which has been part of the retail scene for decades, reported losses in the fourth quarter.
But bosses warned the chain wasn’t disappearing entirely from the map.
Execs announced plans to refurbish 350 outlets and open 15 Bloomingdale locations.
“We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, relevant assortments, and compelling value,” Tony Spring, Macy’s CEO, said at the time.
The decision to close 150 stores came years after bosses announced plans to shut 125 outlets.
Macy’s is not the only retailer that has seen store closures.
Bosses at huge department store chains JCPenney and Belk have closed outlets in recent years.
