The iconic Macy’s store in downtown St. Paul may draw record crowds this week as the retailer kicks off its closeout sale, which will run for 7 to 11 weeks, the Pioneer Press reports. A Wisconsin-based retail analyst told the newspaper, "The only thing that's better than a grand opening sale is a going-out-of-business sale."
Business has already picked up since Macy’s confirmed last week it will depart downtown St. Paul early this spring. The news on the closure came just days after the terms for a $6.3 million forgivable loan expired.
The department store is among five Macy’s and one Bloomingdale’s that the Ohio-based retailer will close nationwide by the end of March as part of what it called ”normal-course adjustments to its portfolio of Macy’s and Bloomingdale’s stores across the country,” according to a news release.
Macy's also announced it was consolidating its two anchor stores at Ridgedale Center. Seattle-based Nordstrom plans to take over the Macy’s men’s and home store at the Minnetonka shopping mall.