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Macy’s plans closure of seven stores

Valencia retail outlet is not among those to be axed

Posted: January 4, 2013 1:03 p.m.
Updated: January 4, 2013 1:03 p.m.
 

Macy’s announced this week it will close seven stores, but the store at Westfield Valencia Town Center is not among them.

Macy’s Inc., which also owns Bloomingdale’s, cited poor performance as a reason for closing the stores.

At the same time, however, Macy’s is planning to open stores in untapped markets where it believes there are gaps in the retail market of options for consumers.

The only California store slated for closure is the Pasadena store on Colorado Boulevard, which opened in 1980. Of the 116 employees, some may be offered positions at other stores, a spokesman with Macy’s said.
The remaining will be offered severance benefits.

Macy’s also announced the opening or replacement of nine Macy’s and Bloomingdale’s stores — all currently planned or under construction. Two of the newly identified stores are California-based. One new store opens in Victorville in spring 2013.

A new Bloomingdale’s, scheduled to open in fall 2013, is being built in Glendale Galleria.

 

 

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