Macy’s Inc., the American retail giant, announced today that it is going to close 11 underperforming department stores nationwide. On Thursday morning (Jan. 8, 2009), Macy’s reported 4% decrease in same-store sales in the 2008 December holiday season comparing to one year earlier. And according to the forecasted figures, the past holiday season sale is the worst for the whole retailer sector in the past 10 years. In order to deal with the serious nationwide economy shrinking, Macy’s Inc. decided to close its underperforming department stores, located in 9 states across nation, including: California, Colorado, Florida, Hawaii, Indiana, Minnesota, Missouri, Pennsylvania and Tennessee. The detail closing store locations are listed as below:

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Macy’s store-closings event is a piece of great news for consumers, since Macy’s said that they are going to run store-closing final clearance sale next week. All the closing stores will participate in this sale event, except the Hawaii store. If there is a Macy’s store on the above list in the shopping mall close to where you live, you’d better check it out next week. Usually, you can easily find bargains at retailer’s store closing or going out of business sale. So it is perfect time to do some clothes, furniture, and household shopping. Hurry up! Grab the last holiday gift and kick off the New Year. Enjoy shopping!

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