Macy’s says it is eliminating more than 10,000 jobs and plans to move forward with 68 store closures after a disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast.
Macy’s closed its location at Chapel Hill Mall in Akron last year; its latest closing announcement landed on the same day that another retailer, Sears, announced plans to exit Chapel Hill.
Macy’s Inc. pointed to changing consumer behavior and said its performance reflects the challenges that are facing much of the retail industry.
The company said the 68 store closures are part of the 100 closings it announced in August. Of the 68, three were closed by the middle of 2016, 63 will close in the spring and two will be closed by the middle of 2017. Some may be offered positions at nearby stores but Macy’s estimates that 3,900 employees will be affected by the closures.
Ohio locations included in the latest closings are at Eastland Mall in Columbus, Sandusky Mall and Fort Steuben Mall in Steubenville and one of two stores at the Mall at Tuttle Crossing in Dublin.