11 Macy's, including one downtown L.A. store, to close

Amid lower-than-expected profits and weak sales, Macy's announced today that it would shut 11 under-performing stores nationwide, including its location at Ernst & Young Plaza in downtown Los Angeles.

Macy's said 136 workers were employed at the downtown L.A. store, located at 920 W. 7th St. The other stores to close are in Colorado Springs, Colo.; Westminster, Colo.; West Palm Beach, Fla.; Hawaii; Indianapolis; Brooklyn Center, Minn.; St. Louis; Natrona Heights, Penn.; West Mifflin, Penn; and Nashville.

Clearance sales are scheduled to begin next week.

The Macy's in Macy's Plaza in downtown L.A. will remain open.

-- Andrea Chang

Comments

[Mondo Morales]

It's just bad for the 136 people that are going to get the ax if they don't get hired at other Macy's stores.

There are a lot of reasons why this specific store is closing. They don't carry the same Brands and quality that the other Macy's store just 2 blocks away (Macy's Plaza) has, and the costumer services was always bad, since Macy's took over from Robinson May, never received the attention to detail and service the other store had.
Now when it comes to clearance sale,
what many people don't realize is that outside liquidation companies run most going-out-of-business sales. Their job is to get as much money as possible for the inventory.

How It Works. Liquidators come in before a going-out-of-business sale and raise many prices up to the regular selling price. Then they discount from there, starting with small percentages off and deepening the discounts as the sale goes on.
so Going-Out-of-Business Sales Not Always Such a Bargain.
It's not that you can't get good deals at going-out-of-business sales. You can. Just don't assume the prices are lower there. You need to shop around as you would with any other purchase.

[Frank]

This was easy to predict in 2006. Macy's bought the competition and eliminated the competition.

Macy's woes are more related to the economy than to the fact that they suck.

The American economy is being imploded by design of the global elite. The next phase is a commercial real estate crisis. This is part of that.

infowars . com

[Simonian]

I just called the Macy's that is closing in downtown. The clearance sale will start on January 14th and will probably run until the end of February. The store employees did not know what the clearance Percent is going to be. To check out the latest Los Angeles & OC store closing liquidations go to www.LiquidationMob.com

[Cindy]

If the customer service was bad at the LA store why in the world would Macy's want to hire these people for their other stores? Why when we can go to stores with good customer service would we shop where it's bad? People must get over their idea that they are owed a living. If you are going to do a below par job, you are just bring down our society and are owed nothing.