Slumping sales this past year have forced cutbacks at Macy’s Inc., including the closing of its Irvine Spectrum store, the company announced today.
The Macy’s store in the Westfield Century City mall is also slated to be shuttered this month, but it will be replaced with a new, larger store in the same shopping center in the spring of 2017, company officials said.
The 140,000-square-foot store in Irvine, which opened in 2002, will hold clearance sales for the next eight to 12 weeks. Officials said 112 workers will be affected by the closing.
The company announced it is closing 36 of its about 770 stores across the country. Four others were closed in the final months of last year as part of a plan to save about $400 million.
