Wednesday, July 25, 2007

Macy's in Lake Forest to close: paper

I never been to this place, and one reason I post this here is probably because it's no longer a Marshall Field's and the Macy's chain in the Chicago area has been struggling. Another reason is because it used to be a Marshall Field's and the fact that it's sounds like a freestanding store not much different than what used to be in Evanston and Oak Park.

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.

1 comment:

Third Generation Chicago Native said...

The middle class is disapearing along with its stores. Did you see today's trib where there is story after story of people who are living on half or a third of what they used to, even after going back and getting an "education" as W preaches. Also home foreclosures are up 55% this year from last year in this state.The Cook County budget included the normal revenue for deed transfers
but is loosing money it expected from deed transfers.
Let's just hope everyone can vote responsibly in '08.

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