South Hills Village Macy's Possibly Could Be Shuttered

BETHEL PARK, PA —Macy’s plans to close 150 underperforming stores amid slipping sales, the department store chain said Tuesday. It’s unclear if the Macy's South Hills Village location will be among the stores being shuttered.

Macy's other Pittsburgh-area locations are at Ross Park Mall, Monroeville Mall and the Mall at Robinson.

The closure announcement came after the company posted a fourth-quarter loss and
declining sales. At the same time, the company signaled a pivot to its luxury brands, saying it will open 15 higher-end Bloomingdale’s stores and 30 of its luxury Blue Mercury cosmetics locations.

The iconic department store chain plans to close 50 of the targeted stores by the end of 2024, and another 100 over the next few years. By 2026, Macy’s will have 350 stores, the company said.

Macy’s faces a proxy fight from Arkhouse Management which nominated a slate of nine
directors for election to Macy's board last week. Last month, Macy's rejected a $5.8 billion takeover offer from the hedge fund and Brigade Capital Management, an investment manager.

Activist investors and pressure to increase sales are just two critical issues facing new CEO
Tony Spring, who succeeded Jeff Gennette earlier this month.

"We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, relevant assortments and compelling value," Spring said in a statement.