Nearly 16 years after Macy’s opened a retailer at Antioch’s Somersville Towne Center, the corporate has introduced it should shut its doorways there. The announcement of the shop closure comes only some months after one other of the mall’s longtime anchor tenants, Sears, shuttered. Victoria’s Secret can also be anticipated to shut within the mall as of Jan. 21. The one main anchor tenants remaining are Fallas, on the southern wing, and 24-Hour Fitness on the far east wing of the shopping center.
The Antioch Macy’s location is the one California one on a listing of greater than two dozen in a number of states that will probably be closed amid declining gross sales. Macy’s most up-to-date earnings report confirmed a gross sales decline of three.9% at shops open for more than a year.
Macy’s CEO Jeff Gennette stated the lower sales had been “steeper than we anticipated.” He instructed CNN that heat climate, fewer vacationers purchasing in shops, and issues at decrease-tier malls. Shares of Macy’s have misplaced roughly 40% over the past year.
A full listing of closures is counting on at Macy’s upcoming investor day on Feb. 5. No precise closure date was confirmed for the Antioch location, although mall officers mentioned it would seemingly be in March or April.
Lena O’Neal was one in all many patrons on Wednesday shocked to listen to in regards to the closure. The Oakley resident, who had simply bought baggage, mentioned she outlets there usually for garments, perfumes, jewelry, and presents.
Emilia Rubio of Pittsburg was additionally shocked to study the shop could be closed. She stated she retailers often there for garments for herself and her youngsters. Harjeet Kaur managed Eyebrow Art next to Macy’s and acknowledged that the store would see much less foot site visitors when Macy’s closes in spring. Macy’s opened on the Antioch mall in July of 2004, changing JCPenney, which had anchored the northeastern wing of the purchasing middle, and later moved to Southeast Antioch.
Though at 107,142 sq. feet, it was about half the scale of different Macy’s shops, it was hailed as a choice for upscale vogue beforehand unavailable within the space. Till then, East County buyers with disposable earnings needed to journey to Concord’s Sunvalley Shopping Heart or past for designer clothes.