CINCINNATI – Macy’s Inc. says it will close five Macy’s and four Bloomingdale’s stores that are underperforming.
Clearance sales will begin at the stores Sunday and run for 10 weeks.
More than 830 workers will be affected by the closings – 375 at Macy’s stores and 463 at Bloomingdale’s.
But many may have the option of taking jobs at new stores the company plans to open.
The closing Macy’s stores are in Topeka, Kan.; Laurel, Md.; Parma, Ohio; Antioch, Tenn.; and Texas City, Texas.
The Bloomingdale’s closures are in Atlanta; Oak Brook, Ill.; North Bethesda, Md.; and in the Mall of America in Bloomington, Minn.
The company said it will record costs of $25 million to $30 million associated with the store closings in its fiscal fourth quarter.
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