Bend Macy’s to stay open
Published 11:56 pm Thursday, January 5, 2017
Macy’s department stores in Salem, Portland and Nampa, Idaho, are destined to close, but the store in Bend lives on, according to a Macy’s announcement Wednesday.
The retail giant identified 68 stores it plans to close out of 100 planned closures that Macy’s announced in August will occur over the next three years.
Closing the 68 stores will save Macy’s $550 million, of which the company plans to plow $250 million into its digital growth strategy, according to the release.
Additionally, the company stated it would undertake “significant restructuring of the Macy’s Inc. operations” to reduce expenses, focus resources on strategic priorities and “improve organizational agility.”
Macy’s operates 730 stores in the U.S. and in fiscal year 2015 saw $27.079 billion in sales, the company stated.
However, sales in December and November at stores the company owns and those it licenses were 2.1 percent below the same two months in 2015, the company also reported Wednesday. Sales at company-owned stores alone were 2.7 percent lower.
A spokeswoman for the Cincinnati-based company did not return a call Thursday; the manager of the Macy’s store on N. Third Street, Bend, did not respond to messages.
The stores selected for closure “are unproductive or no longer robust shopping destinations,” the company quoted Chairman and CEO Terry J. Lundgren as saying. On the digital side, however, Lundgren was quoted as saying that macys.com and bloomingdales.com showed “double-digit gains.”
The closures announced Wednesday affect 3,900 employees, some of whom may be offered positions in nearby stores, the company stated. Most of the affected stores will close in early spring.
Macy’s has 10 locations in Oregon, including the two set to close. Clearance sales are underway at the Salem store in the Lancaster Mall and are set to begin Monday at the downtown Portland store. One other Macy’s is located in Salem and four others in the Portland area. The downtown Portland property was sold last year, along with a San Francisco store, which netted Macy’s $56 million.
— Reporter: 541-617-7815, jditzler@bendbulletin.com