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The last decade has not been easy for inherited retailers. Emblematic stores that formerly dominate the shopping center landscape began to reduce Their location numbers As customers are increasingly making their online purchases, exchanging their provisions for shipping boxes. Consequently, some stores have been forced to close , while others use the reduction in staff in the context of their strategy for the future. One of these retailers is Macy's, who will start 2023 with even more closures in the coming weeks. Read the rest to see what locations of the beloved department store will soon have left.

Read this then: Popular reduction stores, including Marshalls, end from January 14 .

Macy buyers may have noticed that the store has decreased its retail footprint in recent years. Now, the emblematic department store will launch the new year with more closures when it plans to Four locations shutter In the coming weeks, Axios reported for the first time.

In California, Los Angeles customers will soon lose the Baldwin Hills Crenshaw Plaza store at 4005 Crenshaw Blvd. Meanwhile, a location of almost 50 years in the Foothills shopping center in Fort Collins, Colorado, will also close its doors for good by March.

Hawaii will also lose a Macy's store when the location of the Windward Center in Kaneohe sur Oahu will close. And the buyers of Gaithersburg, Maryland, will lose their local outpost of the department store when the Lakeforest Mall will make shutters in the coming weeks.

Although no exact final purchase date has been given for locations, they expect them to end during the first quarter of the year of the company, which ends at the end of April or At the beginning of May, reports Axios. Deliverse sales should start with each location this month and take place for eight to 12 weeks. A Macy spokesperson confirmed the four closures in an email in Better life .

Although the decision to reduce retail spaces has become too common in recent years, Macy's latest closings are in fact a long -term strategy for the company. In 2020, the company announced that it would be Closing 125 of its stores - or a fifth of all its locations - over the next three years. AE0FCC31AE342FD3A1346EBB1F342FCB

"As part of our polaris transformation strategy, we continue to optimize and reposition our fleet of stores to make sure that we have the right mix of stores in terms of preparations and leave to better serve our customers and to support effectively the growth of the omnichannel market sales ", a Macy's the spokesman said Better life in a report. "As a business, we are committed to offering colleagues affected a role in nearby places or starting packages."

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Despite the loss of some of its traditional format locations in recent years, Macy's is still moving forward with the expansion of some of its new concepts. In 2022, the company opened four new locations for its new out -of -business market and smaller in Macy's Stores, which brought it to a total of eight locations. And the company also opened 42 other of its Macy locations at a reduced price, bringing the total to more than 300 nationally.

The leaders claim that these movements align with the financial profits of the company and the planned strategy. "We continue to see the importance of the main locations in the best shopping centers, in particular when we build our omnichannel ecosystem," said Macy’s financial director Adrian Mitchell said in a statement sent by e-mail to Better life . "We plan to announce less than 10 store closings in January, in accordance with our decision to delay the closure of our online store base that we communicated last year."

So far, Macy's has been able to coordinate a relatively soft restructuring by reducing its footprint. "The bulk of the work in the closures has been completed in the past two years, and a large part of the dead wood has been cut", " Neil Saunders , the director general of data analysis and the GlobalData consulting company, told Axios.

But while he said that the last closures are "more an opportunistic and soft pruning", there could be more problems to come. "I expect more closures this year and in the years to come, because Macy's still has a lot of suboptimal stores that will probably work badly as the consumption economy is tightening."

Other experts agree that there is Some warning signs That things could soon become dark for large retailers. In a research note published by analysts of the UBS investment bank last month, the data revealed that customers have become willing to spend money for items such as clothing and accessories as budgets Tighten and increase prices, reported Retail Dive.

"[We believe that department stores are faced with many challenges to come," wrote Jay Sole , an analyst at UBS said. "We model very low profits for Nordstrom, Kohl and Macy, and believe that these challenges are not fully appreciated by the market", specifying that the increase in inflation and a potential recession should worsen the conditions for traditional retailers.