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Wednesday, September 23 Business

Stamford Macy’s not on list of closing stores, officials say

STAMFORD — The Stamford location of Macy’s is not among those expected to close, officials said.

Macy’s announced last week it plans to cut 2,000 corporate jobs and close 125 of its least productive stores in the next three years in an effort to reinvent itself.

The store closures represent about one fifth of Macy’s current total, according to the Associated Press, and include about 30 that are in the process of closing and account for $1.4 billion in annual sales.

The proposed closings do not include the Stamford store as of right now, Stamford Town Center General Manager Dan Stolzenach said. The department store is located inside the Stamford Town Center mall, which is grappling with high turnover and a growing number of vacancies.

Among the latest departures: technology giant Apple, stationery chain Papyrus, hosiery-and-shapewear seller Sasha, fast-fashion retailer H&M, shoe seller Clarks and casual clothier Uniqlo. Apple, H&M and Clarks have decided to open stores at SoNo Collection instead, about 8 miles away from the Stamford mall.

Macy’s, which employs about 130,000 people nationwide, is testing a new smaller-store format located at a strip center, instead of a mall, according to the AP. The store will feature a mixture of Macy’s merchandise and local goods as well as food and beverage options, officials have said.