Macy's to Close Downtown St. Paul Store
The downtown St. Paul Macy’s will be one of six Macy’s stores closing in the early spring across the nation.
Macy’s, Inc., announced the closure Thursday.
The store has 153 associates and opened in 1963. Final clearance sales will start Monday, Jan. 7, and run for 7-11 weeks.
Laid-off workers could be offered positions in nearby stores, and eligible full-time and part-time workers will be offered severance benefits.
Five new Macy’s stores have been planned to open across the nation. After the closures and openings, Macy’s will operate 798 stores in 45 states. Macy's also plans to consolidate two stores at Ridgedale in Minnetonka into one expanded store next year.
The St. Paul Department of Planning and Economic Development has already started looking at ways to reuse the site. The site will be one of four downtown light rail stops when the Green Line opens in the spring of 2014, according to the city.
Macy's recently repaid a $6.3 million loan the city provided for asbestos abatement and store improvements in 2001.
Mayor Chris Coleman says the Macy's site provides the city with tremendous opportunity to bring another part of the city into the 21st century. The St. Paul Area Chamber of Commerce repeats Mayor Coleman's sentiment, SPACC President Matt Kramer says, the closing is sad but he believes many developers will be attracted to the location, which covers an entire city block.