Skip to main content

Report: This is the last holiday season for the Minneapolis Macy's

Twin Cities Business reports Macy's has told Minneapolis it will close its Nicollet Mall store in 2017

Macy's itself hasn't said anything yet, but according to one business magazine the company plans to close its downtown Minneapolis department store in the new year.

The report published by Twin Cities Business on Thursday says Macy's has told city officials the store on Nicollet Mall will close sometime in 2017.

Twin Cities Business cited multiple sources who requested anonymity and said the company is close to announcing the sale of the one-square-block property to a real estate developer.

While no city officials confirmed the sale on the record, one city council member told the magazine Macy's is critical to the downtown retail environment and Mayor Betsy Hodges said in a statement:

“I have spoken with Macy’s about the future of the historic Nicollet Mall store. I have told them that, like so many people, I love this fixture of our downtown and would like it to remain there. I am also very hopeful that if Macy’s makes another choice, that iconic property on a transformed Nicollet Mall will prove irresistible to exciting redevelopment in our fast-growing, vibrant downtown.”

100 Macy's stores are closing

Macy's announced back in August that it will close 100 of its 728 stores around the country but did not say which ones.

The company revealed a few of them last month when it announced some real estate deals. Those include the sale of the San Francisco Macy's for $250 million, Marketwatch says.

The one in downtown Portland, Oregon, is also closing early next year. Like the Minneapolis Macy's, it occupies a site that's been a department store for more than a century. One fourth-generation resident told the Oregonian: "It was the heartbeat of Portland and people came from all over the state of Oregon to shop there."

We are in the process of setting ourselves up for a comeback

Department store closings are nothing new and Cincinnati-based Macy's is the last big national chain left standing. Its Minnesota locations were Marshall Field's until 10 years ago and before that they were Dayton's.

Macy's said in last month's earnings report it expects sales for the year will be 2.5 to 3 percent lower than 2015. But CFO Karen Hoguet noted "As we have said all year, we are in the process of setting ourselves up for a comeback, and we remain on that path."

The path involves closing stores that are not doing well and focusing on the top performers. Twin Cities Business said last month Macy's list of its 150 top stores includes the Twin Cities locations at Mall of America, Ridgedale, and Southdale.

Opened in 1902

The site at 7th and Nicollet was purchased by George Dayton (the great grandfather of Gov. Mark Dayton) in the 1890s and he convinced Goodfellows Dry Goods to move into the building he constructed there in 1902.

The Minnesota Historical Society says the following year Dayton bought out the store's owners and put his own name on the building.

That was the start of what became the Dayton-Hudson Corporation, which eventually spun off its discount arm, Target.

It's not clear what might be next for the site. Twin Cities Business reports its sources say Macy's sale to a developer has been delayed while the two sides negotiate who will handle asbestos removal in the building.

Next Up

FLickr - AL Franken 2016 - Lorie Shaull

Al Franken filling in as guest host of 'Jimmy Kimmel Live'

Franken, a comedian and former Minnesota senator, will perform comedy four nights in a row in Minneapolis following the appearance on the show.

Flickr - Minneapolis police squad - Chad Davis

1 dead, 1 critical after shooting at 38th and Chicago in Minneapolis

It's the second killing in a week at the intersection in south Minneapolis.

Screen Shot 2022-08-14 at 10.24.22 AM

Teen driver crashes into parked payloader; 16-year-old passenger dies

The crash happened early Saturday morning in Waconia.

Screen Shot 2022-08-14 at 10.10.50 AM

Barrage of gunfire injures boy in Brooklyn Park; vehicles, apartments damaged

Police say they recovered evidence that more than 40 rounds were fired in the shooting.

Screen Shot 2022-08-14 at 9.15.07 AM

Minnesota Wild back away from thin blue line T-shirt giveaway

The giveaway backfired when word of it reached social media.

Screen Shot 2022-08-13 at 1.26.13 PM

Workers at Minneapolis Trader Joe's become 2nd in nation to unionize

The vote was certified by the National Labor Relations Board Friday.

ATV, all-terrain vehicle

Driver killed in ATV crash in Brooklyn Park

The crash occurred in Monroe Park Friday night.


Woman killed by suspected drunk-driver in St. Louis County

The crash occurred on Highway 21 in Embarrass Township Friday night.

Jaelyn Campbell

11-year-old girl missing from Mille Lacs County

Jaelyn Campbell was last seen in Onamia.


Yep, the Minneapolis Macy's is closing – here's what's moving in

Dozens more Macy's stores will close this year, too.

Shop and say goodbye: The Minneapolis Macy's closes this weekend

The store is pretty picked over – but if you find something you like, it'll probably be pretty cheap.

Gander Mountain is changing its name and keeping more MN stores open

The stores that emerge from bankruptcy will be known as Gander Outdoors.

Mpls. rejects deal with liquor store that jumped the gun on Sunday sales

A city council committee says an agreement worked out with Surdyk's Liquor last week is not a harsh enough punishment.

'Tis the season for returning gifts: UPS expects to break records

Buying more things online means Americans are also sending back more packages

St. Paul feeds its appetite for business awards

The winners of the newly-created St. Paul Business Awards include a bunch of eating and drinking spots.

Target is taking on 70,000 more workers for the holiday season

If you're looking to pick up some new – or extra – work this holiday season, check Target.