Major Oakdale Mall Retail Store to Shut Its Doors
Before 2017 comes to a close, a gaping hole will be left in the place of one major retail store at the Oakdale Mall in Johnson City as the company confirms they’ll be shutting their doors at that location.
Macy’s is moving forward with plans to close 68 additional stores nationwide by the end of 2017 in an attempt to “streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy.” This follows news Macy’s shared in August of 2016 in which the company stated that they would be closing approximately 100 stores by the end of 2017.
In a press released shared on January 4th, Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc said, “Our omnichannel strategies continue to evolve based on the changes in our customers’ shopping behaviors, including a focus on buy online, pickup in store and mobile-enabled shopping. In addition, we have invested in and enlarged our customer data and analytics team, which will help drive our new marketing strategies for 2017. Whether it is improving corporate agility, enhancing our customer engagement strategies, or continuing to capitalize on the potential value of our real estate assets, we remain focused on the actions that will ultimately improve our financial results and provide the greatest return for our shareholders.”
The Macy’s store located in the Oakdale Mall in Johnson City will close their doors as part of the company’s restructuring. The Oakdale Mall store has 58 employees.
According to USA Today, final clearance sales will begin on Monday, January 9th and those sales will run for eight to 12 weeks ahead of the store closing.