You can not make your vacation purchases in this beloved store
The cases of overtaking coronaviruses again, this company could face temporary store closures.
As the year is taking place, the people of the country are preparing forget their vacation purchases in order. Unfortunately, pandemic coronavirus has made this task all the more difficult.Reduction of store hours, capacity and other restrictions have caused this year's purchases season to look a lot different. And now, you can not even make your holiday purchases in one of the big beloved stores: Macy's's's has announced that they would temporarily close more stores as the virus reaches again this winter. Learn more about this decision and for other COVID mitigation measures,This popular store has just hired a new strict mask rule.
In a post-earnings call on November 19, the CEO of MacyJeff Gennette revealed that the retailer could beLooking at more temporary closures Over the next month, according to CNBC.
"Covid is again arising across the country. And it continues to prevent our recovery, in international and urban tourism areas. And supply chains have been opened, but problems remain," he said .
Simon Property Group, the largest shop owner in America, said it wasasked to close its Shopping Center Cielo Vista-Who includes a location for Macy-in El Paso, Texas, early November. Unfortunately, this closure has arrived just after the owner of the shopping center finally reopened all its properties temporarily closed on October 7, by CNBC.
This means that more temporary commercial stops can be on the horizon thanks to COVID peaks at the national level, which feared Macy's. After all, the retailer is the number one tenant for American shopping centers. According to a Costar May report, Macy'soccupies the largest part of the commercial space in the country at 6.2%.
Like many other retailers, Macy's has been forced to temporarily close stores across the country in March and April, as non-essential companies have been ordained to close by many states and cities. This hit the society difficult. According to the revenue report for the third quarter of Macy, store sales decreased by 20% andGlobal sales decreased by more than one billion from the same era of last year.
Gennette said Macy's flagship stores, such as its location in the HERALD Square Square in New York, were hit the most difficult in the last month due to a lack of tourists and office workers during breaks lunch and after work.
But executives try to repel more "non-essential" temporary closures. Gennet said that theThe company is ready to adapt and work through challenges "No matter what comes [their] way", while noting that Macy's is working with retail commercial groups to repel the new closure of non-essential stores.
"We do not believe that the designation of the essential and non-essential should play in detail," he said. "We believe you are a safe environment or not."
And while Macy's can be in danger, some companies have already observed stores completely. Continue reading for stores facing permanent closures and to save help, learnThe only habit that makes you pass more money.
1 Francesca
You may need to look elsewhere for fashionable gifts and accessories this year. Following the pandemic, Francesca announced on November 16He closed 140 of his stores At the end of January. And for essential shopping tips, see theseSneaky retailers deceive you to spend too much now.
2 Naturalizer
Naturalizer has been in the shoe game for nearly 100 years, but it isClose most of its stores after a difficult year. Caleres Inc., the store of the store, announced that it wasClosure of 133 naturalizing stores In the United States and Canada. At the end of the fiscal year, only two naturalizing stores will remain in this country. And if you wonder where you should do your vacation purchases,This store has the biggest black Friday reductions, experts say.
3 Justice
The parent company of Justice, Ascena Retail Group Inc., announced that All Tween stores would end at the beginning of 2021 . This after having already closed about 600 people from 800 justice stores across the United States of this year. And for more information up to date, Sign up for our daily newsletter .
4 Flying tiger
This original Danish store announced in October that it would be Close all its American pitches by the end of the year. Although Flying Tiger had only 13 places in the country, he had a worship following the United States and has more than 950 stores around the world. And for more stores that could soon disappear, This legendary store has just announced its bankruptcy deposit .