Macy's in downtown Spokane to close in March - Spokane, North Idaho News & Weather KHQ.com

Macy's in downtown Spokane to close in March

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Macy’s announced plans in September to close 35 to 40 under-performing stores. The downtown Spokane store will close in March. Macy’s announced plans in September to close 35 to 40 under-performing stores. The downtown Spokane store will close in March.
SPOKANE, Wash. -

Macy's has announced they will be closing the downtown Spokane store in March. 

The company, based out of Cincinnati, announced in September they would be closing 35 to 40 under-performing stores. The area around Macy's in downtown is undergoing major renovation at the moment, including construction of a new Urban Outfitters. Macy's will still have stores at Northtown Mall and Spokane Valley Mall, but at this time it is unknown if the 94 employees at the downtown location will be transferred to those locations. 

It was also announced the Macy's in Moscow, Idaho will close. That store has 47 employees. 

The company said in a press release it would be closing 40 of its 770 Macy's stores. 

“In light of our disappointing 2015 sales and earnings performance, we are making adjustments to become more efficient and productive in our operations. Moreover, we believe we can operate more effectively with an organization that is flatter and more agile so we can pursue growth and regain market share in our core Macy’s and Bloomingdale’s omnichannel businesses faster and with more intensity. We will continue to invest in strategic initiatives that anticipate emerging customer needs and create shareholder value,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc. “The cost efficiencies represent more than two-thirds of our goal of annual SG&A expense reduction of $500 million, net of growth initiatives, from previously planned levels by 2018. In some cases, there will be short-term pain as we tighten our belt and realign our resources. But our eye is on a long-term vision of Macy’s, Inc. as a dynamic retailer that serves existing customers and acquires new ones through innovative approaches to the marketplace.”

“Our company is committed to operating great Macy’s and Bloomingdale’s stores in the best locations – both to serve shoppers who walk through the door and to fulfill orders that are shipped directly to customers around the country,” Lundgren said. “In today’s rapidly evolving retail environment, it is essential that we maintain a portfolio of the right stores in the right places. So we will continue to add stores selectively while also being disciplined about closing stores that are unproductive or no longer robust shopping destinations because of changes in the local retail shopping landscape.”

The Bon Marche originally opened in the 11-story building in downtown Spokane in 1947 on the site of the Culbertson department store. 

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