QuoteMacy's announced Thursday it would close 66 of the company's "non-go-forward" stores, including seven in Florida.
The "Bold New Chapter" for the company "is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150 underproductive stores over a three-year period," Macy's said in Thursday's announcement.
QuoteBoynton Beach Mall, 801 N. Congress Ave., Boynton Beach
Fort Lauderdale Furniture, 4501 N. Federal Highway, Fort Lauderdale
Pembroke Furniture, 13640 Pines Blvd., Pembroke Pines
South Dade Furniture, 13251 S. Dixie Highway, Miami
West Shore Plaza, 298 Westshore Plaza, Tampa
Altamonte Furniture, 820 W. Town Parkway, Altamonte Springs
Southgate, 3501 S. Tamiami Trail, Sarasota
https://www.heraldtribune.com/story/news/2025/01/10/macys-florida-store-closing-list-locations/77591199007/
Wild that back in the early 2000s folks talked about Macy's as this harbinger brand that would signal we had "made it" if they opened here. Same with Cheesecake Factory and Red Robin. Speaks to Jacksonville's explosive growth and increased civic confidence that so many of these "they'll never open in Jacksonville" brands have popped up in the city that we barely even bat an eyelash. IKEA. Whole Foods. Trade Joe's. Urban Outfitters. Tiffany. Top Golf. Apple. Shake Shack. Even WaWa. I think we sometimes forget or take for granted just how far Jacksonville has come versus those depressing times, not just with new national brands entering the market, but with awesome scenes popping up for craft brewing, coffee, local cuisine, arts, etc.
I also think Macy's did a fantastic job of watering down the brand with their expansion between the mid 90s and mid 2000s. Burdines, Rich's, etc. were ok stores but they weren't the historic Macy's level store that those in the Northeast knew, and they didn't upgrade the stores after the bought them.
So....fast forward and those stores became just another department store outside of their original markets.
Quote from: Ken_FSU on January 10, 2025, 10:40:04 AM
Wild that back in the early 2000s folks talked about Macy's as this harbinger brand that would signal we had "made it" if they opened here. Same with Cheesecake Factory and Red Robin. Speaks to Jacksonville's explosive growth and increased civic confidence that so many of these "they'll never open in Jacksonville" brands have popped up in the city that we barely even bat an eyelash. IKEA. Whole Foods. Trade Joe's. Urban Outfitters. Tiffany. Top Golf. Apple. Shake Shack. Even WaWa. I think we sometimes forget or take for granted just how far Jacksonville has come versus those depressing times, not just with new national brands entering the market, but with awesome scenes popping up for craft brewing, coffee, local cuisine, arts, etc.
More importantly, Nordstrom and the luxury stores such as Tiffany's, Louis Vuitton, Cartier, etc. In the end, its all about demographics... population and income growth.
The biggest surprise of Macy's closings, is closing the flagship store in the old and iconic Wannamaker's store in Center City Philadelphia. Closing that store means that no Macy's store is safe, maybe even their flagship store in NYC. Doesn't bode well for Macy's future.
Quote from: Ken_FSU on January 10, 2025, 10:40:04 AM
Wild that back in the early 2000s folks talked about Macy's as this harbinger brand that would signal we had "made it" if they opened here. Same with Cheesecake Factory and Red Robin. Speaks to Jacksonville's explosive growth and increased civic confidence that so many of these "they'll never open in Jacksonville" brands have popped up in the city that we barely even bat an eyelash. IKEA. Whole Foods. Trade Joe's. Urban Outfitters. Tiffany. Top Golf. Apple. Shake Shack. Even WaWa. I think we sometimes forget or take for granted just how far Jacksonville has come versus those depressing times, not just with new national brands entering the market, but with awesome scenes popping up for craft brewing, coffee, local cuisine, arts, etc.
Well put. It's easy to not notice but we've definitely come a long way in not a lot of time.
I'll provide more commentary here later, but I just arrived back in Jax from NRF's Big Show (basically the biggest retail conference/trade show in the world). One of the sessions I listened live to was the CEO of Macy's as well as the CEOs of Bloomingdale's and BlueMercury (part of Macy's). Here's a good synopsis:
https://www.retailtouchpoints.com/topics/market-news/macys-leaders-answer-6-big-questions-about-the-companys-future-at-nrf