Macy's to close Chestnut Hill store; begins clearance sale
Macy’s said today that it is closing its store in the Chestnut Hill Shopping Center as part of an annual review process by the retailer. A final clearance sale at the store, which begins on Sunday, will run for about 10 weeks.
Macy's said today that about 140 associates work at the Chestnut Hill location. Associates who are displaced by the store closing may be offered positions in nearby Macy’s stores where possible, the retailer said. Regular full-time and part-time associates who are laid off due to the store closing will be provided severance benefits.
The store, with 130,000 square feet, was opened as a Macy’s in 2007 after being converted from a Bloomingdale’s. The company has sold its lease on this store to the owner of the shopping center. After the closing of Chestnut Hill, Macy’s will operate 15 stores in the Greater Boston area.
Macy’s is closing a total of three stores at this time, including one in Austin, Texas, and another Union City, Ga. After the closings, the company will operate 806 Macy’s stores nationwide.
David Fleming, a spokesman for WS Development, which owns and operates the Chestnut Hill Shopping Center where Macy's is located, said: "We're sorry to see them go. But we see it as an opportunity to continue the revitalization of the center."
The complex opened more than 5,000 square feet of new retail space last year and is beginning discussions with other retailers to replace Macy's. The developers are considering a number of options, including one or multiple tenants to fill the space.