Macy's will close its Downtown LA store at 750 West 7th Street, ending a century-and-a-half presence of full department stores in the area. This move is part of Macy's broader strategy to address underperforming locations, with plans to close 150 stores over three years. The Downtown location, which reopened in 2015, was once part of a vibrant shopping era in LA, once boasting iconic department stores like The Broadway and Bullocks. Macy's CEO Tony Spring emphasized that closing stores is necessary to refocus resources on more productive operations and luxury merchandise.
"Macy's decision to close its Downtown LA Plaza marks a significant loss for the area, ending a continuous presence of department stores for nearly 150 years."
"The closure, part of Macy's strategy to focus on profitable operations, left empty shelves signifying the store's impending end, a testament to changing retail dynamics."
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