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Macy's to close at Medley Centre
Irondequoit, N.Y. - Macy's at the Medley Centre in Irondequoit is closing up shop.
The move means Sears will be the only store remaining at the former Irondequoit Mall.
The closing, which will lay off 82 workers, is part of a company-wide business structuring plan.
According to the NY Labor Department's website, the closing will take place on April 22, 2014.
2,500 jobs will be cut as part of Macy's reorganization, which has been implemented, according to the company, to sustain its profitability.
The announcement comes on the heels of a strong holiday shopping season for the department store chain.
Macy's said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.
The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.
Macy's says the moves will save it $100 million per year and forecast a 2014 profit above Wall Street's forecasts.
Below is a statement from Irondequoit Supervisor Adam Bello regarding todays announcement by Macys:
This is a sad day for the employees and their families who work for Macys nationwide, and particularly here in Irondequoit. I have spoken with Macys and understand that this is part of a national restructuring, and they have assured me that they will work with employees to try and relocate them to other area stores. Todays announcement also underscores why development at Medley Centre is critical to the economic wellbeing of Irondequoit, and why agreements made to develop the property must and will be enforced.