After more than four decades on the Magnificent Mile, the Macy's store at Water Tower Place will be closing its doors following a clearance sale that will begin this month and last for about eight to 12 weeks, the company announced Tuesday, Jan. 5. 3. 2. Several stores, Macy's Water Tower location is closing on Michigan Ave., along Chicago's Magnificent Mile, the department store says. Macy's Water Tower Place. The 170,000-square-foot department store in Water Tower Place will hold a going-out-of-business sale for the next 8 Lord & Taylor, one of the original anchor tenants at Water Tower Place, closed in 2007, not long after Marshall Field's converted to Macy's. Idaho Falls: Grand Teton Mall; Illinois Macy's store closure. Apparel and accessories retailer Charming Charlie, which closed all stores after filing for bankruptcy in 2019, plans to open at Water Tower Place this spring. Still, some of the departures, including the upcoming exit by Macys, will leave big spaces to fill. The downtown mall is situated on the Magnificent Mile. Lahaina: Hyatt Regency Maui; Idaho closing Macy's store. Paradise Valley, AZ. Next open Wednesday 11:00AM Closed; 835 N. Michigan Avenue Chicago 60611 (312) 335-7700 ; Visit Website; Upcoming Events. Skip to comments. The decision to close a store is always a difficult one, and Macys Water Tower Place has been honored to serve its customers on the Magnificent Mile for 45 years, said Andrea Schwartz, senior director of media relations. The store was damaged during looting sprees last summer. Macy's anchors the Water Tower Place mall on Michigan Avenue and was among countless stores targeted early Monday when hundreds of people showed up downtown and began breaking into businesses and stealing. The 45 closures, first announced by CNBC, are part of the retailers plans to close 125 stores in three-years to stabilize profitability, which it announced last February. CHICAGO (WBBM NEWSRADIO) -- There may not be a long farewell for the Macys on the Maginficent Mile as the company prepares to vacate the Water Tower location. | iHeart El Cajon Parkway, CA. Location Visit website . CHICAGO Macy's is shuttering its Magnificent Mile location after 45 years in business, the Chicago Tribune reports. The closure is a Macys will begin a clearance sale this month at the 170,000-square-foot store. Macys will shutter around 45 stores by the middle of this year, including its flagship store in Water Tower Place, on Chicagos Magnificent Mile.. Tyler LaRiviere/Sun-Times Hilltop, CA. Macy's, which anchors the south end of the building, announced plans last week to close in a few months, leaving behind a more than 300,000-square-foot hole. Mayor Lori Lightfoot confirmed Friday that Macys is likely leaving the downtown location. Its something they decided to do months before COVID hit but every business and retailers have been dramatically impacted by COVID and looting that took place earlier this year, she said. Back to search. by Naomi Waxman Jan 6, 2021, 10:55am CST Share this The downtown mall is CHICAGO Macys has reportedly notified its Water Tower Place landlord they want to leave their Magnificent Mile location. A spokesperson tells Crains Chicago Business that closing the store at Water Tower Place is part of a larger strategy to shrink its footprint nationwide. "After careful consideration, Macys has decided to close our Water Tower Place location. CHICAGO Macys is closing its flagship store at Water Tower Place on the Magnificent Mile, after 45 years as either Macys or Marshall Fields. The Macys closed early in 2021. Restaurant Hours. Plus, Macys Water Tower to close, leaving a prime vacancy in Downtown Chicago. CHICAGO, IL A day after Macy's announced it will close its Water Tower Place store on the Magnificent Mile, another retailer is doing the same. So don't forget to look up when you are in the building The Mag Mile and the State Street Macys have been cannibalizing each other for years, to the point theyre not turning a profit. CHICAGO Macy's is shuttering its Magnificent Mile location after 45 years in business, the Chicago Tribune reports. Jan 5, 2021 0 People pass Macy's along North Michigan Avenue at Water Tower Place on May 8, 2018, in Chicago. Location Visit website . Amazon has bought them out as well as Sears. Macys Inc. is This closure is part of the companys strategy to right-size its store fleet, announced in early 2020," Macy's said in a statement. Macy's exiting Water Tower Place? CHICAGO (WLS) -- Macy's is closing its store at Water Tower Place on Michigan Avenue. So no need for security measures anymore as in Chicago.Macys will be part of The closure of the 835 N. Michigan Ave. store comes as part of Macy's strategy to "right-size its store fleet," according to The downtown mall is situated on the Magnificent Mile. The decision by Macys to Mayor This closure is part of the company's strategy to right-size its store fleet, announced in early 2020. Macy's announced Tuesday the company will close its storefront in Water Tower Place on Michigan Avenue. August 14, 2020 / 1:03 PM / CBS Chicago CHICAGO (CBS)-- Macy's is looking to shrink its Water Tower Store or leave the space altogether, Chicago Macys will close its longtime department store at Water Tower Place in Chicago, according to several media reports. The Macys stores in the newest closing round are expected to close in the companys first financial quarter of 2022, which in past years ended in late July or early August. Hawaii Macy's closing store. CHICAGO Macys will close its longtime department store at Water Tower Place in Chicago, according to several media reports. Water Tower Place, 835 N. Michigan Ave., also suffered from shopper reactions to growing crime along the Magnificent Mile. A final walkthrough through the 8 floors in Macy's at the Water Tower Place mall. 4. Macys said it will close its Water Tower Place store as the retailer shifts to smaller locations and invests in fulfillment centers. Answer (1 of 12): I guess you have been living in the dark. Bares cited RealReal, a two-story luxury consignment store at 940 N. Michigan Ave. Macys continues to support its Bloomingdales store at 900 N. Michigan, Bares noted. Macy's is shuttering 45 stores this year, including its longtime shop in Chicago on the Magnificent Mile at Water Tower Place. This closure is part of the company's strategy to right-size its store fleet, announced in early 2020, Macy's said in a statement. chicagobusiness.com ^ | August 13, 2020 | Greg Hinz Posted on 08/13/2020 5:24:43 PM PDT by John W. An anchor of the Mag Mile mall since its inception, the retailerunhappy with the police response to recent looting, according to a source close to the situationnow is looking to shrink or vacate its space there. The Macy's inside Water Tower Place will close, the company announced Wednesday. Water Tower Place IL 12. Published January 20, 2021 8:00 a.m. CT. After serving customers on the Magnificent Mile for years, Water Tower Places Macys, Gap and Express locations are shuttering their doors. The 3,700-square-foot Gap Kids store at Water Tower Place closed when the coronavirus pandemic took hold in the spring, then reopened before closing again last month, Crains reported. It's been there for almost 50 years. This statement comes one day after Crains Chicago Business reported that Macys wishes to close its Magnificent Mile store. A spokeswoman for the department store giant said this is At least 45 Macys stores across the country are planning to close this year, including the nine-floor store at the Water Tower Place (835 N. Michigan Ave.), which is located blocks Heres the full list of Macys stores expected to close this year: 1. Macys is closing its store on Chicagos Magnificent Mile. Macys said it will close its Water Tower Place store after a clearance sale. Col People pass Macy's along North Michigan Avenue at Water Tower Place on May 8, 2018, in Chicago. 'After careful consideration, Macy's has decided to close our Water Tower Place location. Incidents involving youths led the malls management to impose limits on when minors could visit unaccompanied by an adult. In case you didn't know, Macy's is closing all of their stores. As previously announced, Macys is committed