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Originally Posted by Crawford
Do you have any basis for this outlandish claim?
You really think that Macys shuts down company-owned stores on factors other than sales?
Macys has more downtown stores than every other department store chain in the U.S. combined. They're putting a half-billion into the 34th Street store, and 100 million into the Downtown Brooklyn store. They're building a big new Bronx store.
They maintain big downtown stores all over the country, from SF, to Chicago, to Boston. They're easily the most pro-downtown major retailer in the U.S.
Have you been to downtown Miami? There's practically no retail there, and what exists is crap. Yet Macys still soldiers on. This is true in quite a few downtowns throughout the country, decades after the other department stores left for the burbs.
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I think you're both right. Through a lot of the mergers that have resulted in the current Macy's the company has wound up with multiple downtown stores in the same city - Filene's and Jordan Marsh in Boston, for example. They've then closed one of them. I think the same thing happened to the Strawbridge & Clothier flagship in Philly.