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Macy's at Park Place is closing, liquidating inventory

Macy's at Park Place is closing, liquidating inventory

A shopper exits Macy’s at Park Place after it reopened following coronavirus restrictions. It is now liquidating its inventory as it prepares to close permanently.

As stores reopen throughout Arizona and the rest of the country following coronavirus restrictions, Macy’s at Park Place mall is closing for good.

A liquidation sale is underway after the department store announced earlier this year that it would close about 125 stores across the country after years of struggling with slowing in-store sales.

The Park Place location was put on the market last year, showing all three stories available for lease at 5850 E. Broadway.

No new tenant has been announced for the space, and mall owners Brookfield Properties did not respond to a request for comment.

An advertisement placed in the Star announced the store’s impending closure and a sale on everything in stock. Macy’s did not provide a timeline for the closing.

What could become of the 153,511-square-foot store remains unknown.

In recent years, mall owners had begun recruiting entertainment and restaurant venues to fill big spaces, but the pandemic’s impact on large gatherings could prove to be a challenge.

Industry experts think big department store spaces could become offices, hotels or distribution centers, given their central locations and plentiful parking.

For now, the sales are expected to be good.

Also closing is Tuesday Morning’s location at River Road and Stone Avenue.

Earlier this week, the discount retailer filed for bankruptcy and announced closures of several stores and its distribution center in Phoenix.

The company cited the impact of the pandemic as the reason for closing. No information on a closing date has been provided, as a bankruptcy judge must approve the proposed closures.

Other national chains that may have less of a presence, if any, following the pandemic include JCPenney, which plans to close more than 240 locations, though specific sites have not been announced; Victoria’s Secret, with plans to shutter 250 stores; and Pier 1 Imports, which is going out of business entirely.

The Associated Press contributed to this story.

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