ST. LOUIS (KMOX) – Macy’s has announced that it will close its three-story downtown St. Louis store.
A clearance sale will take place in June and the store’s closure is expected to occur in August.
“Unfortunately, the level of customer activity we see no longer justifies keeping the store open,” Peter Sachse, Macy’s chief stores officer, said in a statement.
The Railway Exchange building which houses the store is 99-years-old and was once the tallest building in the city. The store itself opened in 1924 and has a workforce of 94. About 100 corporate employees also work on the building’s ninth and tenth floors.
“The mayor’s office has been working since January with Macy’s to show the company what downtown St. Louis has to offer,” spokeswoman Maggie Crane told KMOX. “It’s nice having one of the remaining few downtown stores in the country, but overall retail shopping trends were really showing that its days in downtown were numbered.”
“We deeply appreciate the loyalty of our downtown store customers, the diligence of our associates, and the concern and support of Mayor Slay and his administration over the years,” said Peter Sachse, Macy’s chief stores officer. “We have worked hard to reinvigorate our downtown business, including remodeling, downsizing and re-focusing the store in 2011.”