Closeout sale begins Monday at storied Oak Court Mall Macy’s
If the closing came faster than Memphis expected, retail experts and the mall’s owners say there is a silver lining.
There are 7 article(s) tagged Macy's:
If the closing came faster than Memphis expected, retail experts and the mall’s owners say there is a silver lining.
Josh Poag and a group of investors bought the building last fall, wanting to control the use of the 400,000-square-foot location in the likely event the store would close.
A group of investors led by Poag Development Group purchased the East Memphis mall anchor and will lease the 400,000-square-foot space back to Macy’s.
It’s one of 150 stores across the nation for sale; two brokerage houses are managing the listings.
Macy’s plans to lay off both retail and corporate employees.
The store’s location in Collierville is expected to close by the end of 2021.
The company did not list all 125 locations that will close, but 30 are already in the process of being shuttered including one in Goodlettsville, Tennessee.
About 7 results