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Goodbye, Macy's
Macy's today announced that they will be closing 11 underperforming stores, including one in the Los Angeles area. This means clearance sales next week! "These closings are part of our normal-course process to prune underperforming locations each year in order to maintain a healthy portfolio of stores," said Macy's Chief Executive Terry J. Lundgren in a statement. Ahem, there's nothing normal about this. The locally affected Macy's is downtown in the Ernst & Young Plaza at 735 S. Figueroa St.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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