Macy’s Shuttering Two Boston-Area Locations Amidst Mass Closings
Macy’s is shuttering two locations in Greater Boston, as part of a rash of closings affecting 68 stores.
The Cincinnati-based retail giant announced it would close its store in Brockton’s Westgate Mall, which employs 79, as well as its store in Taunton’s Silver City Galleria, which employs 82. That leaves Macy’s with 18 locations in Massachusetts, including stores in Downtown Crossing and the Cambridgeside Galleria.
“Whether it is improving corporate agility, enhancing our customer engagement strategies, or continuing to capitalize on the potential value of our real estate assets,” CEO Terry Lundgren said in a release, “we remain focused on the actions that will ultimately improve our financial results and provide the greatest return for our shareholders.”
Macy’s, which also operates Bloomingdale’s, Bluemercury, and Bloomingdale’s Outlet, announced in August it would close 100 stores as part of a restructuring, slashing 3,900 jobs across the country. The most recent closings will reportedly save the company $550 million.