Macy’s to Close “Underperforming” Pasadena Store
PASADENA, Calif. (KTLA) — Macy’s Inc. has announced that it’s closing several stores, including one of its locations in Pasadena.
The store is one of six “underperforming” locations nationwide that the retailer is shutting down.
Other locations being closed include stores in Las Vegas, Houston and Honolulu.
The 158,000-square-foot store being closed in Pasadena is at the Paseo Colorado shopping mall.
The store began in 1980 as a Broadway store, and was converted to a Macy’s in 1996.
It is slated to be shut in early spring. Final clearance sales will begin on Monday and run for seven to 11 weeks.
A Macy’s spokesperson said that the 116 workers may be given jobs at nearby stores.
Otherwise, eligible full-time and part-time employees who are laid off will be offered severance benefits.
The other Macy’s store in Pasadena, located on Lake Avenue, is not affected and will remain open.
Macy’s, like most retailers, is coming off a disappointing holiday season. The company says the closings are a routine part of doing business.
They will make way for the retailer to open nine new locations, including a Bloomingdale’s at the Glendale Galleria mall this fall.
Paseo Colorado’s owners say the former Macy’s is likely to be taken over by another big-box retailer rather than being broken into smaller spaces.