Aug 26, 2016 4:05 PM
2 NH Macy's-owned stores make list of 28 stores 'most at risk of closing'
MANCHESTER — A list of 28 stores marked as 'most at risk of closing' by a statistical rating organization named the Macy's at the Mall of New Hampshire and a Bloomingdale's outlet.
Morningstar Credit Ratings pointed out 28 locations owned by Macy's with reported below-average tenant sales following a statement by the retailer that it planned to close 100 stores next year due to low traffic, reports the Union Leader.
Analysis indicated sales averages were $165 per square foot for the Manchester store and $166 per square foot for the Merrimack Premium Outlet location for Bloomingdale's. The company-wide average in 2014 was reported to be $169 per square foot.
A statement by Macy's said it planned to concentrate resources on better-performing locations.