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Retailers impacted by commercial war 2:04
New York (CNN Business) - Macy's is closing more than two dozen stores as financial problems increase for the historic retail store.
The company confirmed to CNN Business that it will close 28 Macy's and one Bloomingdale stores in the coming months. The closures affect locations in several states, including Florida, California, and Georgia, according to compiled lists of various media reports.
Macy's reported Wednesday that sales in November and December declined only 0.6%, easing investors' fears that it would be a terrible period of Christmas shopping. The stock rose 2% in the first operations before withdrawing.
- Look: The closure of recognized stores in the US
In its most recent earnings report, Macy's posted a 3.9% decrease in sales in open stores for at least one year.
Still, Macy's CEO Jeff Gennette said the decline in sales was "more pronounced than we expected." And he blamed the weather, fewer tourists shopping in stores and problems in the lower level shopping centers. Macy's shares have lost approximately 40% in the last year.
Department stores are being pressured by discount chains, such as TJ Maxx (TJX) and Target (TGT), which force them to put products on sale.
Last year was brutal for American retailers. They announced the closure of 9,302 stores, a 59% jump since 2018 and the highest number since Coresight Research began tracking data in 2012.
This year also had a difficult start. Pier 1 Imports said Monday that it will close almost half of its stores "to better align its business with the current operating environment."
- This 90-year-old artist was the star of the Macy's parade 2019
Macy's said it would provide a complete list on February 5. For now, we know that the Bloomingdales at The Falls Mall, which is southwest of Miami, is closing. Here is a list of Macy's locations that are scheduled for closure:
Somersville Towne Center, Antioch, CA
Westfield Meriden, Meriden, CT
Pompano Citi Center, Pompano Beach, FL
Seminole Towne Center, Sanford, FL
Indian River Mall, Vero Beach, FL
Macon Mall, Macon, GA
The Gallery at South DeKalb, Decatur, GA
Kings' Shops, Waikoloa Village, HI
Lewiston Town Center, Lewiston, ID
University Mall, Carbondale, IL
Spring Hill, West Dundee, IL
Muncie Mall, Muncie, IN
The Village, Prairie Village, KS
Towne Square Mall, Owensboro, KY
The Center at Salisbury, Salisbury, MD
The Mall at Whitney Field, Leominster, MA
Northside Center, Helena, MT
Broadway Mall, Hicksville, NY
2 Veterans Memorial Highway, Commack, NY
Hanes Mall, Winston-Salem, NC
Northgate Mall, Cincinnati, OH
Stow-Kent Plaza, Stow, OH
Ohio Valley Mall, St. Clairsville, OH
Nittany Mall, State College, PA
Harrisburg Mall, Harrisburg, PA
Rivergate Mall, Goodlettsville, TN
300 Pine St., Seattle, WA
54 E. Main St., Walla Walla, WA
Cascade Mall, Burlington, WA
Macy's
