Store Closings and Fleeing Shoppers: Is Macy’s the Next J.C. Penney?

A Macy’s location. | Supannee Hickman /

The year isn’t starting off on a great foot for Macy’s. A lackluster holiday quarter, in which the chain saw sales fall more than 5 percent, has resulted in the company slashing 4,800 jobs and shuttering 40 stores across the country, including the Suburban Square outpost.

Execs blame the unseasonably warm weather, which actually posed problems for many retailers (to the tune of some $400 million in lost sales). But the...

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