123-year-old retailer, large field chain closing dozens of shops

It is lazy guilty the shrinking of basic mall anchors together with Macy’s and JCPenney on individuals not going to the mall. The issue, and it is a actually large one, is that this isn’t really true.

Site visitors to top-level indoor malls has really elevated on a reasonably regular foundation. It hasn’t been an enormous improve each month on a year-over-year foundation, however the numbers present that you would be able to’t blame a scarcity of individuals going to the mall for the numerous anchor shops which have, or are scheduled to, shut.

Indoor mall foot visitors by month:

• January, 2025: 4.67%
• February, 2025: -4.2%
• March, 2025: 0.9%
• April, 2025: 2.8%
• Could, 2025: 6.3%
• June, 2025: -1.1%
• July, 2025: 1.1%
• August, 2025: 0.08%

Supply: Placer.ai through ChainStoreAge

General, throughout indoor, outside, and outlet malls, visitors has been okay, or good, relying upon the way you take a look at it.

“According to the latest Placer.ai Mall Index for August 2025, visits to indoor malls increased 0.08% compared to the previous year, while open-air mall visits decreased 0.07% and trips to outlet malls were flat (0.0%). Despite the lack of annual growth, visits to malls rebounded from June and July after a strong April and May,” in accordance with the info.

The numbers might not be tremendous robust, however they’re hardly a catastrophic drop, and visitors isn’t why conventional mall anchors Macy’s  (M)  and JCPenney have plans to shut dozens of shops this 12 months. 

Here is why Macy’s is closing shops

In January, Macy’s confirmed the closure of 66 Macy’s non-go-forward retailer places. These closures are a part of the Daring New Chapter technique introduced in February 2024. 

“This plan is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150 underproductive stores over a three-year period while investing in its 350 go-forward Macy’s locations through fiscal 2026,” the corporate shared in a press launch.

Macy’s CEO Tony Spring made it clear that it is troublesome to make the choice to close down any location. He defined, nevertheless, that it is wanted.

“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing under-productive Macy’s stores to allow us to focus our resources and prioritize investments in our go-forward stores, where customers are already responding positively to better product offerings and elevated service,” he stated.

David Swartz, a senior fairness analyst at Morningstar, thinks that Macy’s is making the proper selection.

“It (store closures) was probably inevitable. It is still not good news, though, because it represents Macy’s inability to make those stores more productive,” he advised Reuters. 

JCPenney has been strategically closing shops. 

Picture supply: Shutterstock

Here is why JCPenney is closing shops

The retailer cited expiring lease agreements, market situations, and different enterprise as the explanations behind its resolution to shut a small variety of shops. JCPenney shared an announcement on the shutdowns. 

“While we do not have plans to significantly reduce our store count, we expect a handful of JCPenney stores to close by mid-year. The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes or other factors. These closures are unrelated to the recent Catalyst Brands merger.”

In January, JCPenney merged with SPARC Group to type Catalyst Manufacturers, combining six main retail names together with Aéropostale, Brooks Brothers, Eddie Bauer, Fortunate Model, and Nautica.

“While JCPenney has been trying to reinvent itself, 2024 was another lost year and did nothing to prove that the business is on a path to success,” GlobalData Managing Director Neil Saunders advised RetailDive.

Confirmed JCPenney retailer closures in 2025

• JCPenney is planning to shut eight shops by mid-2025.
• These closures are described as “isolated store closures,” primarily because of expiring leases, market modifications, and so forth. They’re not tied to the corporate’s current Catalyst Manufacturers merger.

The 8 shops slated to shut are:

1. The Outlets at Tanforan: San Bruno, CA
2. The Outlets at Northfield: Denver, CO
3. Pine Ridge Mall: Pocatello, ID
4. West Ridge Mall: Topeka, KS
5. Asheville Mall: Asheville, NC
6. Fox Run Mall: Newington, NH
7. Charleston City Middle: Charleston, WV
8. Westfield Annapolis Mall: Annapolis, MD

Supply: JCPenney

Macy’s 2025 retailer closures (by state)

Arizona

• Superstition Springs Middle, Mesa

California

• Otay Ranch City Middle, Chula Vista
• Dawn Mall, Citrus Heights
• Village at Corte Madera, Corte Madera
• Downtown Plaza, Sacramento
• Hillsdale Furnishings, San Mateo
• Westminster Mall, Westminster
• Broadway Plaza, Los Angeles

Colorado

• Outlets at Northfield, Denver

Florida

• Boynton Seashore Mall, Boynton Seashore
• Fort Lauderdale Furnishings, Fort Lauderdale
• Pembroke Furnishings, Pembroke Pines
• South Dade Furnishings, Miami
• West Shore Plaza, Tampa
• Altamonte Furnishings, Altamonte Springs
• Southgate, Sarasota

Georgia

• Gwinnett Furnishings, Duluth
• Gwinnett Place Mall, Duluth
• Johns Creek City Middle, Suwanee

Idaho

• Silver Lake Mall, Coeur d’Alene

Illinois

• White Oaks Mall, Springfield

Louisiana

• Acadiana Mall, Lafayette

Massachusetts

• Independence Mall, Kingston

Maryland

• Harford Mall, Bel Air
• Safety Sq. Mall, Baltimore

Michigan

• Grand Traverse Mall, Traverse Metropolis
• Lakeside Mall, Sterling Heights
• Oakland Mall, Troy
• Genesee Valley Middle, Flint

Minnesota

• Maplewood Mall, Maplewood
• Burnsville Middle, Burnsville

Missouri

• Metro North Mall, Kansas Metropolis
• South County Middle, St. Louis

New Jersey

• Backstage at Essex Inexperienced Purchasing Middle, West Orange

New York

• Lake Success, New Hyde Park
• Melville Mall, Huntington
• Queens Place, Elmhurst
• Sheepshead Bay, Brooklyn
• Mall at Greece Ridge, Rochester
• Dawn Mall, Massapequa
• Brooklyn, 422 Fulton St.
• Staten Island Furnishings
• Fordham Place, Bronx

Ohio

• Fairfield Commons, Beavercreek
• Franklin Park Mall, Toledo

Oregon

• Streets of Tanasbourne, Hillsboro
• Salem Middle, Salem

Pennsylvania

• Logan Valley Mall, Altoona
• Exton Sq. Mall, Exton
• Philadelphia Metropolis Middle, Philadelphia
• Wyoming Valley Mall, Wilkes Barre

Tennessee

• Oak Courtroom, Memphis

Texas

• Almeda Mall, Houston
• Outlets at Willow Bend, Plano
• Southlake City Sq., Southlake
• Village Fairview, Fairview

Virginia

• Southpark Mall, Colonial Heights

Washington

• South Hill Mall, Puyallup
• Redmond Furnishings, Redmond
• Kitsap Mall, Silverdale

Supply: Macy’s

Associated: 50-year-old sneaker retailer closing 100s of shops