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Macy's Shuts 100 Stores, Could Paramus Locations Close?

Macy's announced it would close approximately 100 stores by early 2017.
Macy's announced it would close approximately 100 stores by early 2017. Photo Credit: Matt Bultman

Macy's has announced it will close 100 or so locations in early 2017.

The company operates locations at the Garden State Plaza in Paramus and the Willowbrook Mall in Wayne, among 19 others in New Jersey — and a total of 728 nationwide.

It also has six furniture galleries in both Paramus and Wayne.

“We operate in a fast-changing world, and our company is moving forward decisively to build further on Macy’s heritage as a preferred shopping destination for fashion, quality, value and convenience," Chairman and CEO Terry J. Lundgren said in a statement.

"This involves doing things differently and making tough decisions as we position ourselves to serve customers who have high expectations of their favorite stores, online sites and apps," Lundgren said.

The company said it would announce which locations would be closed later this year. At each, the real estate value exceeds declining profitability, they said.

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