Speaking of urban retail, ...
This is a bit of news out this week which reminded me of similar announcements we saw in Columbus time and again recently with the closures of Lazarus, Jacobsons, Marshall Fields, Macys, etc. Eventually leading to Downtown being emptied of big retail.
The story says that half (three) of the locations Macy's is closing are "downtown," but really five out of the six are what I would consider to be urban or downtown, every one except for the Las Vegas store.
Macy’s to close six stores in 2013
By Lucy May, Senior Staff Reporter
Cincinnati Business Courier
Thursday, January 3, 2013, 9:13am EST
Cincinnati-based Macy’s Inc. will close six stores in early spring, three of which are in downtown locations.
The stores to be closed are:
• Bloomingdale’s’ Fashion Show Home Store in Las Vegas. The store is 99,000 square feet. It opened in 2002 and has 35 employees.
• Macy’s Paseo Colorado in Pasadena, Calif. The store is 158,000 square feet. It opened in 1980 and has 116 employees.
• Macy’s in Belmont, Mass. The store is 75,000 square feet and opened in 1978. It has 101 employees.
• Macy’s in downtown Honolulu, Hawaii. The store is 80,000 square feet and opened in 1850. It has 91 employees.
• Macy’s in downtown St. Paul, Minn. It’s 362,000 square feet and opened in 1963. It has 153 employees.
• Macy’s in downtown Houston, Texas. It’s 791,000 square feet and opened in 1947. It has 138 employees.
The fact that half the Macy's stores closings are in downtown locations is not indicative of a larger strategy, said Jim Sluzewski, senior vice president of corporate communications and external affairs for Macy's Inc.