Macy’s downtown Honolulu store, long rumored to be on the chopping block, will close in early spring as part of what the company calls “normal-course adjustments to its portfolio.”
Cincinnati-based Macy’s Inc. announced the closure of the 80,000-square foot 1032 Fort Street Mall store this morning along with the shuttering of four other Macy’s stores — in Pasadena, Calif.; Belmont, Mass.; St. Paul, Minn.; and Houston; as well as a Bloomingdale’s in Las Vegas.
The 91 employees at the Honolulu store, which opened in 1850 as Hackfeld’s Dry Goods, will be offered positions in nearby stores where possible and those laid off will be offered severance benefits.
A final clearance sale will begin on Monday and run for between seven and 11 weeks.
The Honolulu closure will leave 17 Macy’s stores in Hawaii, including eight on Oahu, four on Hawaii island, three on Maui and two on Kauai. No other Macy’s stores in the state are affected.
“We remain committed to operating a successful and growing stores business as part of our company’s Omnichannel strategy for serving customers wherever, whenever and however they prefer to shop,” said Karen Hoguet, chief financial officer of Macy’s Inc. “This leads us to open new stores where we see the opportunity to fill gaps in important markets, as well as to make the tough decision to selectively close underperforming stores that no longer meet our performance requirements or where leases are not being renewed.”
The downtown Macy’s store previously was owned by Liberty House, the state’s oldest and largest department store chain that was sold to Federated Department Stores Inc. in 2001 after emerging from Chapter 11 bankruptcy. Federated consolidated Liberty House into its Macy’s West division and, in 2007, Federated changed its corporate name to Macy’s Inc.