Macy's Shutters Two Colorado Stores
Don't fear, Denverites. The Macy's at the Cherry Creek Shopping Center is safe. But 11 other stores around the country, including two in Colorado, will be closed, Macy's Inc. announced yesterday. The store at the Westminster Mall and another at The Citadel in Colorado Springs are considered to be under-performing and will be shuttered. Both opened in the mid-1980s and employ more than 100 people, notes the Denver Business Journal. The Westminster store weathered "double-digit losses for years," according to The Denver Post, although other businesses in the mall relied on its foot traffic, including Pet City, where a manager in a desolate corridor notes, "we're at a dead end now." Same-store sales at Macy's were down 4 percent overall in December, with the company citing "the most challenging economic environment in memory," according to The Wall Street Journal. Clearance sales at the stores begin next week.
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