Macy’s Department Store 1990 - March 26, 2016. Midway Mall in Elyria, OH. 105,000 Sq ft. This is a partial walk-thru on closing day. Canon PowerShot A470. I really liked this store. It had a higher-end feel to it. Very sad to see it go. I had to share what it looked like. Ironically Tears for Fears “Everybody Wants to Rule the World” http://tinyurl.com/hovasjc was on the loudspeaker singing “Nothing ever lasts forever.” This is about 40 minutes from Cedar Point Sandusky, OH. PRESS RELEASE STATEMENT “In light of our disappointing 2015 sales and earnings performance, we are making adjustments to become more efficient and productive in our operation. 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. 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. 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. 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.” - Terry J. Lundgren, chairman and CEO of Macy’s Inc.

• published: 27 Mar 2016
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