Macy’S Announces Intention to Close Four Locations in the CBL Portfolio
January 04, 2017 at 09:17 pm
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CBL & Associates Properties, Inc. announced plans for future redevelopment of four Macy’s anchor locations in the CBL portfolio that are expected to close in 2017. As part of its announced store closures, Macy’s announced its intention to close four locations in the CBL portfolio at Jefferson Mall in Louisville, KY; Layton Hills Mall in Layton, UT; Parkdale Mall in Beaumont, TX and Eastland Mall in Bloomington, IL. Macy’s has announced an anticipated closing date of March 31 for the stores. In addition to the four stores mentioned above, Macy’s has announced that it will close its store at River Ridge Mall in Lynchburg, VA, in which CBL holds a minority interest. The acquisition and redevelopment of this store will be handled solely by the majority owner of the mall.
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.
MACY'S, INC. 
