Tulsa will lose one of its two Macy’s, the company said Wednesday. The Macy’s at Tulsa Promenade mall will close later this year.
The company announced last August that it would be closing 100 stores as part of the decision to streamline its store portfolio. The store at Woodland Hills Mall, which is about 5 miles away, will not be affected.
The Promenade store employs 58 associates, according to a company news release. Some employees may be offered positions at another store.
The store opened as a Foley’s in 1996 and, at 180,000 square feet, is among the anchors tenants for the Promenade mall. Management at the mall declined to comment. The mall’s owner could not be reached for comment.
Macy’s said in the news release that most of the store closures will occur this spring. The move is part of the company’s shift toward being an omnichannel retailer, which means being relevant in all manner of buying things — in-store, mobile and online.
Part of that omnichannel shift had already touched Tulsa before the closure. Macy’s operates a fulfillment center in Tulsa County near Owasso. During peak holiday times, it employed close to 4,000 and has about a 1,000 employees year-round, the company told the World in October.
Mike Neal, president and CEO of the Tulsa Regional Chamber, said in a statement: “Macy’s is a significant contributor to the economy of our region, and we are glad to know that the very successful Macy’s at Woodland Hills Mall will remain open. Macy’s officials have also assured us that their north Tulsa County fulfillment center will continue to function at full capacity, with no impact to jobs there.”
The announcement makes it the second time in a week a legacy retailer announced that it would close a struggling Tulsa store. Sears confirmed last week that it would close its 21st Street and Yale Avenue location.
Both brands will retain a location at Woodland Hills Mall.
The closures are a significant paring down of the department store square footage in midtown Tulsa. Macy’s closure at Tulsa Promenade leaves the mall with only two retail anchors — Dillard’s and J.C. Penney.
Nationwide, the company will eliminate more than 10,000 jobs and move forward with 68 store closures after its disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast.
Of the 68 stores, three were closed by the middle of 2016, 63 will close in the spring and two will be closed by the middle of 2017.
Macy’s also said it plans to restructure parts of its business and sell some properties. This will lead to the reduction of 6,200 jobs. The moves are estimated to save $550 million annually.
Overall, Macy’s said, the job reductions represent about 7 percent of its workforce.
The Associated Press contributed to this story.