Macy's to shed 10,000 jobs amid store closures - WALB.com, South Georgia News, Weather, Sports

Macy's to shed 10,000 jobs amid store closures

In this Nov. 21, 2013 photo, with the Empire State building in the background, the Macy's logo is illuminated on the front of the department store in New York. Macy’s has about 730 stores.  (Source: AP Photo/Mark Lennihan) In this Nov. 21, 2013 photo, with the Empire State building in the background, the Macy's logo is illuminated on the front of the department store in New York. Macy’s has about 730 stores. (Source: AP Photo/Mark Lennihan)

(RNN) - Macy’s announced on Wednesday that about 10,000 jobs will be lost in a round of store closings and corporate restructuring moves. 

On Wednesday, the company listed more than 60 stores that will be shuttered out of the 100 that were announced in August of 2016. Macy’s has about 730 stores. About 3,900 people will lose their jobs through the closings. 

Another 6,200 jobs will be shed company-wide in an effort to reduce costs. Macy’s workers losing jobs may be offered positions in nearby locations, the company said.

“Our plan to close approximately 100 stores over the next few years is an important part of our strategy to help us right-size our physical footprint as we expand our digital reach,” said Terry J. Lundgren, chairman and CEO of Macy’s.  

The company said the cost-cutting moves will generate about $550 million a year, enabling the company to shift $250 million to its digital business, growth strategies for stores, Bluemercury, Macy’s Backstage and China.  

Macy's identified the following stores as completed or upcoming closures. 

Already Completed 2016 Closings

Laurel Plaza, North Hollywood, CA 

Ala Moana Jewel Gallery, Honolulu, HI 

Valley Fair, West Valley City, UT 

Already Announced Year-End 2016 Closings

Greenwood, Bowling Green, KY 

Carolina Place, Pineville, NC 

Douglaston, Douglaston, NY 

Downtown Portland, Portland, OR 

Lancaster Mall, Salem, OR 

Oakwood Mall, Eau Claire, WI 

Year-End Closings

Mission Valley Apparel, San Diego, CA 

Paseo Nuevo, Santa Barbara, CA 

Lakeland Square, Lakeland, FL 

Oviedo Marketplace, Oviedo, FL 

Sarasota Square, Sarasota, FL 

University Square, Tampa, FL 

CityPlace, West Palm Beach, FL 

Georgia Square, Athens, GA 

Nampa Gateway Center, Nampa, ID 

Alton Square, Alton, IL 

Stratford Square, Bloomingdale, IL 

Eastland, Bloomington, IL 

Jefferson, Louisville, KY 

Esplanade, Kenner, LA 

Bangor, Bangor, ME 

Westgate, Brockton, MA 

Silver City Galleria, Taunton, MA 

Lakeview Square Mall, Battle Creek, MI 

Eastland Center, Harper Woods, MI 

Lansing, Lansing, MI 

Westland, Westland, MI 

Minneapolis Downtown, Minneapolis, MN 

Northgate, Durham, NC 

Columbia, Grand Forks, ND 

Moorestown, Moorestown, NJ 

Voorhees Town Center, Voorhees, NJ 

Preakness, Wayne, NJ 

Cottonwood, Albuquerque, NM 

Las Vegas Boulevard, Las Vegas, NV 

Great Northern, Clay, NY 

Oakdale Mall, Johnson City, NY 

The Marketplace, Rochester, NY 

Eastland, Columbus, OH 

Sandusky, Sandusky, OH 

Fort Steuben, Steubenville, OH 

Promenade, Tulsa, OK 

Neshaminy, Bensalem, PA 

Shenango Valley, Hermitage, PA 

Beaver Valley, Monaca, PA 

Lycoming, Muncy, PA 

Plymouth Meeting, Plymouth Meeting, PA 

Washington Crown Center, Washington, PA 

Parkdale, Beaumont, TX 

Southwest Center, Dallas, TX 

Sunland Park, El Paso, TX 

Greenspoint, Houston, TX 

West Oaks Mall, Houston, TX 

Pasadena Town Square, Pasadena, TX 

Collin Creek, Plano, TX 

Broadway Square, Tyler, TX 

Layton Hills, Layton, UT 

Cottonwood, Salt Lake City, UT 

Landmark, Alexandria, VA 

River Ridge, Lynchburg, VA 

Everett, Everett, WA 

Three Rivers, Kelso, WA 

Valley View, La Crosse, WI 

Other 2017 Closings

Simi Valley Town Center (men’s/home/kids), Simi Valley, CA

Mall at Tuttle Crossing (furniture/home/kids/men's), Dublin, OH 

Stores Sold (or to be Sold) and Leased Back

Stonestown Galleria, San Francisco, CA 

Union Square Men’s, San Francisco, CA 

Tyson’s Galleria, McLean, VA 

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