Thursday, January 7, 2016

Macy's Closing 40 Stores; The Esplanade Spared For Now

Macy's Department Store, the largest tenant in The Esplanade Mall, announced they will be shuttering 40 stores and laying off thousands of employees. The store closings will occur before the end of 2016.

The stores that Macy's has targeted for closure represent approximately $375 Million in retail sales.

The company's location in The Esplanade Mall in Kenner has been spared in this round of store closings. Rumors have swirled around The Esplanade location since the continued downward spiral of The Esplanade.

Several large national chains have fled The Esplanade including Ann Taylor Loft, The Gap and restaurants including Chik-Fil-A. 

Macy's Cortana Mall location in Baton Rouge is the only Louisiana location on the closure list. A complete list of store closings can be viewed here.


1 comment:

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