Macy’s announced this week that they are closing at least 28-stores in the next few months which include the Antioch location at the Somersville Towne Center Mall.
An official statement is expected later Wednesday, however, mall officials have confirmed the store closure will happen in April.
For the Somersville Mall, this is the second major anchor at the mall to close in the past few months after Sears closed in October.
On Wednesday, Macy’s reported their November and December sales results which showed Holiday sales had dropped–it fell 0.6 percent.
“Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter. Our digital business and Growth150 stores performed well. Additionally, customers responded to our gifting assortment and marketing strategy, particularly in the 10 days before Christmas,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “The entire organization committed to delivering Holiday 2019, and it showed up in our execution. I want to thank all of our colleagues – full-time, part-time and seasonal – for their hard work and dedication to serving our customers.”
On February 5, Macy’s management team will share details of Macy’s, Inc.’s growth plans and three-year strategy.
For Antioch, the trend of box stores continues, within the past few years, they have seen KMART, CostPlus, Orchard Supply and others. This also comes no the heals Pier 1 Imports announced it is closing up to 450 locations of its 942 stores–its unclear if the Antioch location is part of the closure plan.
Meanwhile, the City of Antioch is working with the Antioch Chamber of Commerce and Saint Mary’s on a Somersville Economic Opportunity Plan at a cost of just under $30k. The Mall also falls under the Opportunity Zone.