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Macy's to close over 100 stores, shed about 2,000 corporate jobs

The retailer plans to close about a fifth of its current total stores. Macy's offices in Cincinnati, San Francisco and Lorain, Ohio will also close.

WASHINGTON — Macy's says it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping.

The store closures represent about one-fifth of Macy's current total.

It didn't specify how many jobs would be lost at the shuttered stores. The corporate jobs will be shed as Macy's closes its offices in Cincinnati, San Francisco and Lorain, OH, leaving New York as its sole corporate headquarters.

The moves announced Tuesday come ahead of Macy's annual investor meeting where CEO Jeff Gennette is expected to unveil a three-year reinvention plan

“We have a clear vision of where Macy’s, Inc. and our brands, Macy’s, Bloomingdale’s and Bluemercury, fit into retail today. We are confident in our Polaris strategy, and we have the resources required to return Macy’s, Inc. to sustainable, profitable growth,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc in a press release.

The Wall Street Journal reported that the retailer is testing a new concept that will take it out of malls by opening smaller stores in strip centers, where more people are shopping.

RELATED: Macy's pulls 'mom jeans' plates after 'fat shaming' criticism

According to WLWT, Cincinnati's Mayor John Cranley released a statement about the headquarter closing.

"Our City’s renaissance has persisted and continues today with our metro leading the state in job gains over the last decade and adding 24,000 jobs in 2019—more than any other Ohio metro. Functionally, Macy’s stopped using Cincinnati as their headquarters ten years ago. This departure, while disappointing, is indicative of a changing retail industry and how they must adapt. It will not stop our City’s continued growth."

RELATED: Macy's to close Tempe, Texas call center, 800 jobs affected

Here's a list of stores expected to close from USA Today:

California

Antioch: Somersville Towne Center

San Diego: Horton Plaza Park

Connecticut

Meriden: Westfield Meriden

Florida

Miami: The Falls Mall

Pompano Beach: Pompano Citi Centre

Sanford: Seminole Towne Center

Vero Beach: Indian River Mall

Georgia

Decatur: The Gallery at South DeKalb

Macon: Macon Mall

Hawaii

Waikoloa Village: Kings’ Shops

Idaho

Lewiston: Lewiston Center Mall

Illinois

Carbondale: University Mall

West Dundee: Spring Hill Mall

Indiana

Muncie: Muncie Mall

Kansas

Prairie Village

Kentucky

Owensboro: Towne Square Mall

Maryland

Salisbury: The Centre at Salisbury

Massachusetts

Leominster: The Mall at Whitney Field

Montana

Helena: Helena Northside Center

New York

Commack

Hicksville: Broadway Commons

North Carolina

Winston-Salem: Hanes Mall

Ohio

Cincinnati: Northgate Mall

St. Clairsville: Ohio Valley Mall

Stow: Stow-Kent Plaza

Pennsylvania

Harrisburg: Harrisburg East Mall

State College: Nittany Mall

Tennessee

Goodlettsville: RiverGate Mall

Washington

Burlington: Cascade Mall

Seattle: Downtown 

Walla Walla: Downtown