Quote:
Originally Posted by NYC=WTC
Seems like Macy's does real well when they are by a actual mall. Macy's would never close their Houston Galleria location, because everyone in Houston shops their. The Macy's in downtown Houston could not hang because no one wants to come shop around homeless people or bums asking for change, no offense.
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Exactly. I was at Macy's in Valley Fair mall in Santa Clara this afternoon. Business was booming. Lots of people out shopping. The store seemed lively, modern, thriving. Basically, the opposite of most of the moribund Macy's locations mentioned in this thread.
I'm sure the locations Macy's cares about the most are the ones at primo malls like Valley Fair, not these old legacy downtown stores (except perhaps NYC and SF) that they don't know what to do with.
Sure, Macy's has kept a lot of these stores open, but they've let a lot of them slide way downhill. That can't be good for "downtown retail", and while that isn't Macy's responsibility, it also seems to me like bad long-term business strategy. It can turn people off the Macy's brand. It makes Macy's more vulnerable if online shopping suddenly gets more popular due to a technology advance. And if downtown retail somehow makes a comeback despite Macy's non-efforts, Macy's would be in a weaker position to capitalize on that.