Home / Knowledge / News / Apparel/Garments / Macy's to close down St. Louis store started in 1924
Macy's to close down St. Louis store started in 1924
21
May '13
Macy’s, Inc. announced it will close its downtown St. Louis store in the Railway Exchange Building at 601 Olive St. A final clearance sale will begin on Sunday, June 2, and is expected to run for approximately 10 weeks.

The store, opened in 1924, currently includes about 189,000 square feet of space with a workforce of 94 associates. The company is committed to treating these affected associates with respect and openness. Associates displaced by the closings may be offered positions in nearby stores and facilities where possible. Eligible full-time and part-time associates who are laid off due to the store closing will be offered severance benefits.

Macy’s looks forward to continuing to serve customers at its eight other stores in the Greater St. Louis metropolitan area.

In addition, about 100 Macy’s associates who work in various corporate and district offices on the ninth and 10th floors of the Railway Exchange Building will be relocated to space in existing Macy’s office facilities in Earth City in St. Louis County. The planning for that move will begin as the store is closed.

Going forward, Macy’s workforce in the Greater St. Louis metropolitan area will include about 3,000 associates in the stores, offices, a distribution center and the credit and customer services hub.

“We deeply appreciate the loyalty of our downtown store customers, the diligence of our associates, and the concern and support of Mayor Slay and his administration over the years,” said Peter Sachse, Macy’s chief stores officer. “We have worked hard to reinvigorate our downtown business, including remodeling, downsizing and re-focusing the store in 2011. But unfortunately, the level of customer activity we see no longer justifies keeping the store open.

“We respect the rich history of this store and the historic significance of the Railway Exchange Building. We are committed to working closely with RNY-LLC, the building’s owner, on an orderly transition of our space to a new use,” Sachse said.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2012 sales of $27.7 billion. The company operates about 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the macys.com and bloomingdales.com websites. The company also operates 12 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.

Macy's

Must ReadView All

Courtesy: Walmart

Apparel/Garments | On 23rd Mar 2017

Walmart acquires ModCloth

Walmart has acquired the assets and operations of ModCloth, one of...

Textiles | On 23rd Mar 2017

SIMA advises mills to avoid panic buying of cotton

The Southern India Mills' Association (SIMA) is advising mills to...

Apparel/Garments | On 23rd Mar 2017

Tulip Retail, True Fit personalise in-store shopping

Tulip Retail, a mobile application platform built exclusively for...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search