Macy's to close downtown Cincinnati store
CINCINNATI (WKRC) - Macy's is closing its store in Downtown Cincinnati.
The retailer, which will still have its corporate headquarters a few blocks away, is closing under-performing locations across the country.
The move is not a surprise.
Macy's opened its Fountain Place store in 1997.
Sometime in March of this year, the doors will close for good.
Bricks and mortar retailers like Macy's are dealing with fierce online competition. Amazon is to Macy's now what Macy's was to mom and pop stores a century ago.
Downtown Cincinnati has seen tremendous growth lately, but Downtown is not immune to the internet and changes in shopping habits.
Corporate headquarters or not, this store was not cutting it.
The store's lease is up this year, so this was the time for Macy's to pull the plug.
Mayor John Cranley issued a statement saying Downtown's vibrancy will mean a new tenant will be found quickly.
Cranley said the city considers Macy's long-term corporate success very important to Cincinnati because hundreds of headquarter jobs remain Downtown.
Ironically, in his inauguration speech on Tuesday, Cranley alluded to challenges old-line businesses face.
The area around Macy's shows the challenges and successes.
Macy's is closing. Saks, across the street, had its ups and downs, once threatening to move to the suburbs.
The old Pogue Garage a block away has been leveled with nothing going up yet.
But over there is the new headquarters for 8451, new restaurants, a new Downtown Kroger is going in near the courthouse and lots of new housing too.
No surprise on this one, However.
About 50 people work at the Downtown Macy's store.
The company will try to place those workers at the six other Macy's in the suburbs.
Macy's has about 3,800 workers locally between those stores, its corporate headquarters and a call center.