The Macy's Landmark Store on Third and Pine Streets in downtown Seattle will close in February next year, the company confirmed Saturday, ending a long history of retail and public holidays as its online competitor Amazon continues to grow under its own your roof.
The announcement of the store's imminent closure came one day after employees were notified of the decision by a longtime retailer who took over the block building on 300 Pine Street from Bon Marche in 2003. The closure ends 90-  "After careful consideration, Macy & # 39; s, Inc. has decided to sell the downtown Seattle Macy building, "Blair Rosenberg, director of Macy Corporate Communications, said in a statement. Rosenberg's statement did not detail the reasons for the decision to sell.
Sales will begin in January 2020. The store will close at the end of February.
"The decision to close a store is always difficult, and we look forward to continuing to serve our customers at nearby Bellevue Square at Macy, Alderwood, Southcenter and the Redmond Furniture Gallery and Online at macys.com," Rosenberg said
The downtown store will continue to operate during the Holiday Holiday season, "Rosenberg said." This year, however, the 1
"With that said, we are excited that the new homeowner is committed to showing a new star to the Seattle community that he has enjoyed since the beginning of 2020. "Rosenberg said. It was not immediately clear whether Rosenberg was referring to Starwood Capital Group, a company headquartered in Connecticut, which owns most of the building.
The store still plans to "ring in the Seattle holiday season" on Nov. 29 with a Nov. 29 annual Macy parade and fireworks show.
"We look forward to working with the Seattle Downtown Association to transition these beloved traditions," Rosenberg said.
Store employees first learned about the closing Friday morning at a regular staff meeting. An employee who attended said people were "offensive. I mean their jobs are gone and there is not much in retail.
The building was declared a historic landmark of the city in 1988, and until 2003 it was known as the department store "Bon Marche", owned by federal stores. In 2003, she changed her name to Bon-Macy's; then in 2005 to Macy's. In 2007, Federal Department Stores changed its name to Macy's Incorporated.
Starwood purchased four floors in an eight-story building for $ 65 million in 2015, and added two more floors in 2017, leaving Macy with two floors and a basement. The company declined comment on the closure of Macy's.
Two years ago, Amazon announced that it was giving away the best six floors of the building. The leased space – 312,000 square feet – is enough to accommodate about 1,500 employees.
The online retail giant now occupies approximately 47 office buildings in Seattle, covering 11.5 million square feet. He also plans to lease or build about 2 million square feet of office space in Bellevue.
This latest closure follows a national pattern as department stores, which have been a mainstay for generations, closed stores and declared bankruptcy under pressure from online competition. .
Macyy announced a plan to reduce the number in 2016, which calls for the closure of 100 stores nationwide as it redirects resources to online and mobile shopping. Subsequent closure announcements include at least 12 stores this year, including Macy's stores in downtown Redmond Town and Northgate Mall, which closed in July. Another department store, Nordstrom, has closed its Northgate store. August 9
The closure illustrates a trend that became history in February, when online retail sales in the US first discontinued total merchandise sales.
Non-retail store sales this month accounted for 11,813 percent of total sales, compared to 11807 percent for general merchandise, according to the U.S. Department of Commerce. Sales of bricks and mortar are higher if categories such as car and restaurant sales are included.
The market share of online sales increased from below 5 percent in the late 1990s to about 12 percent this year.