Macy’s to Close Stores After Holiday Season: Possible Locations in Bucks County and Montco
Macy’s has recently announced plans to accelerate the closure of some of its stores following the holiday season. The department store chain originally intended to close 50 locations but has now increased that number to around 65, according to the company’s third-quarter earnings report. This decision comes as Macy’s reported a 2.4% decrease in net sales compared to the same period last year, with total sales amounting to $4.7 billion during the third quarter of 2024.
In a statement during the earnings call, Macy’s CEO Tony Spring explained that these closures are part of the company’s Bold New Chapter initiative, aimed at enhancing profitability. Despite a projected total of 150 store closures, Spring hinted that this number could change in the coming year based on evolving business needs.
The closures are primarily targeting underperforming locations where customer traffic has declined. Spring noted that the decision was driven by unfavorable economic conditions in these areas. However, Macy’s has not disclosed which specific store locations will be affected by the closures, leaving customers to wonder about the fate of their local Macy’s stores.
In Philadelphia and its surrounding areas, Macy’s operates several store locations, including spots at Oxford Valley Mall in Bucks County, Willow Grove Park Mall, Montgomery Mall in North Wales, King of Prussia Mall, Roosevelt Mall on Cottman Avenue, and Market Street in Center City. Notably, the Neshaminy Mall Macy’s closed its doors a few years ago.
As the holiday season approaches, many are wondering about Macy’s operating hours. The company has confirmed that all store locations will be closed on Christmas Day, December 25, 2024. Customers are advised to plan their shopping accordingly.
Please note that this information is subject to change, and any updates will be provided as new details emerge. Stay informed about Macy’s store closures and holiday hours to ensure a seamless shopping experience.
