HENRICO, Va. – Macy’s has announced the closure of six Virginia stores, three of which are located in Henrico, as part of a nationwide sweep that will see the closure of 36 stores.
The two Macy’s shops at Regency, open the longest in the area, will close.
Numerous anchor stores vacated the mall, located on 1420 North Parham Road, years ago. The two separate Macy’s shops opened in 1990 and offered a combined 224,000 square feet of retail. The stores were divided between women’s and men’s/home furnishing.
There were 135 Macy’s associates employed between both locations.
The Macy’s location at Virginia Center Commons in Glen Allen will also close. It opened in 1993, had 110,000 square feet of retail space and 81 associates.
The other Virginia locations include Chesapeake Square, Chesapeake; Peninsula Town Center, Hampton; and Military Circle Mall, Norfolk. A total number of 489 employees will be let go in Virginia.
The company has made the decision to close stores around the nation due to “disappointing 2015 sales and earnings performance,” according to a press release.
Final clearance sales at the Macy’s stores closing in early 2016 will begin on Monday, Jan. 11 and run for between eight to 12 weeks.
The store closure comes as new ownership at Regency envisions a future mixed-development plan for the mall, and recently announced plans to invest $30 million in renovations.
Developers Rebkee Company and Thalhimers Realty, based in Chesterfield and Henrico County respectively, hope to revive what was once the leading mall in the Richmond area. The plan for Regency’s future includes a shift away from just retail, with the addition of entertainment and dining, a spokesperson confirmed.
The two-level parking lot along Quioccasin Road, adjacent to Macy’s, will come down to make space for new retail shops.