Macy’s to Close 100 Stores — Could Philly Locations Be Shuttered?
Wanamaker is a name with a lot of history in Philadelphia. John Wanamaker first got into the retail business in 1861, and he opened the grand Wanamaker Building in 1911. There has been a department store there ever since — and one with a lot of beloved Philadelphia traditions in it. The pipe organ in the Grand Court is the largest playing pipe organ in the world, and its holiday light show has delighted citizens of Philadelphia for generations. It also hosts Dickens Village, a more recent holiday affair that was once at Wanamaker’s.
Also, the Wanamaker Building played Prince & Co. in Mannequin, which for various reasons isthe greatest film ever made about Philadelphia. Now a Macy’s, the department store is just three levels — reduced from an original nine floors of retail space.
Today, Macy’s announced it had “outlined a series of initiatives to drive profitable growth, enhance shareholder value and strengthen Macy’s as America’s preferred omnichannel shopping destination.” Translation: Macy’s is closing 100 stores. (Its stock jumped at the news.) Read more »