Turns out our teenage days of hanging at the mall may no longer be exactly as we remember them.
That’s because many U.S. malls are changing, at least in one major way: Macy’s, one of America’s most iconic department stores, is now closing 100 more of its locations ― in both malls and elsewhere ― nationwide.
Mall rats are like, totally freaking out.
The Macy’s retail business got its start before the Civil War, CBS reports. But things have been rocky lately: First, the brand closed 15 stores in 2015. Later that year, 40 more stores shut down nationwide.
This newest wave of closures is the biggest yet, wiping out about 15 percent of existing Macy’s stores. Macy’s hasn’t yet announced which 100 locations will close in early 2017. Of course, Macy’s online shop will remain in full force.
“In a number of cases, stores will be closed as the value of the real estate exceeds their value to Macy’s as a retail store,” Macy’s said in a press release. “The company will act to remain connected to customers ... by supplementing merchandise assortments in surrounding locations, as well as through the company’s online site and mobile app.”
It’s all part of a big change for retail: Oodles of other big-name brands, from Sports Authority to Ralph Lauren, have also closed locations lately as online shopping makes it harder for brick-and-mortar stores to survive.
So prepare to click your way through shopping from now on. Sigh.