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Belmont Macy's to close this spring

Posted by Evan Allen  January 3, 2013 09:20 AM

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Macy’s in Belmont will be closing this spring as the retailer shutters six stores across the country this year, the company announced Thursday.

The Belmont Macy’s, which opened in 1941 as a Filene's and became a Macy's in 2006, employs 101 workers, according to a release from the company. Those employees may be offered positions at nearby stores, or laid off and given severance benefits.

Final clearance sales will start on Monday, Jan. 7 and run for between seven and 11 weeks, according to a statement from the company.

The landlord for the site, Locatelli Properties, released a statement on Thursday saying that it is disappointed to see Macy's go.

"We valued Macy's as a tenant," said Kevin Foley, manager of Locatelli Properties, in the statement. "We made every effort to continue the relationship and to extend Macy's tenure here in Belmont, but this decision was beyond our control."

Foley said that Locatelli has already begun looking for a new tenant to replace the retailer. Ideally, according to the statement, the company would prefer a single tenant to move into the space.

"We would like to see a vibrant Center supported by a strong anchor tenant," said Foley. To get that tenant, he said, the town will need to continue to improve parking. The town is working on new parking plans for the downtown.

Macy's will likely vacate the Belmont store by the end of March, according to Locatelli.

Macy's described the closings as “normal-course adjustments,” and announced the opening of one new Bloomingdale’s Outlet store in Illinois.

“We remain committed to operating a successful and growing stores business as part of our company’s Omnichannel strategy for serving customers wherever, whenever and however they prefer to shop,” said Karen M. Hoguet, chief financial officer of Macy’s, Inc., in the release “This leads us to open new stores where we see the opportunity to fill gaps in important markets, as well as to make the tough decision to selectively close underperforming stores that no longer meet our performance requirements or where leases are not being renewed.”

The other locations being closed this spring are a Bloomingdale’s in Las Vegas, and Macy’s in California, Hawaii, Minnesota and Texas.

Evan Allen can be reached at evan.allen@globe.com

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