The Macy’s store at the Dayton Mall was not on the closure list the company released.
In December, Macy reported that its third-quarter net sales decreased 2.4% to $4.7 billion, following a trend of declining sales for the retail chain.
Investments in Macy’s pilot “First 50″ stores, as well as luxury brands Bloomingdale’s, and Blue Mercury, have boosted sales, according to the company, but those are offset by weak sales in other locations.
Another Ohio Macy’s store is also set to close, located at Franklin Park in Toledo.
“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s 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,” said Tony Spring, chairman and CEO of Macy’s.
About the Author
