This news is from Crain's...
Because of rising rent and fewer shoppers, Macy’s Inc. will close its downtown Lake Forest location at the end of January, according to the Chicago Tribune.
A Macy’s official told the Tribune that the combination of those factors contributed to the decision to not renew the lease on the 16,000-square-foot department store when it expires.
The store is the smallest in the Macy’s chain and one of the oldest of the former Marshall Field’s nameplates. The Marshall Field’s department store chain was purchased by Macy’s in August 2005; the New York-based retailer converted all stores to the Macy’s name in September 2006.
The Lake Forest store opened in 1928; it was the first suburban outpost for Marshall Field’s. Marshall Field’s moved the store to its current location three years later.
All 24 employees of the Lake Forest store are eligible to apply for open jobs at other stores, the Tribune reported.