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The mall was sold to Kohan Retail Investment Group for $26.35 million on March 22, 2016, who owns it under the name Lycoming Mall Realty Holding. [20] [21] [22] Macy's closed in March 2017, and owned its anchor store.
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
"We now expect to close roughly 65 locations this year," said Macy's CEO Tony Spring in the earnings call. "In line with our typical cadence, closures will occur post holiday."
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
In 2008, Boscov's filed for Chapter 11 Bankruptcy, causing 10 stores to close, the Harrisburg Mall location being one of them. [6] The building has been vacant since. On July 9, 2009, the Harrisburg Mall was sold at sheriff's sale to three financial groups after the previous owner, Feldman Lubert Adler defaulted on a $52.5 million mortgage. [7]
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
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By 2015, the mall had become 60% vacant. On January 6, 2016, Macy's announced it would close its Century III store as part of a larger round of closings across the country. [6] Macy's departure resulted in a mass exodus of retailers to leave the moribund mall. Its occupancy rate fell from 40 percent in January 2016 to 10 percent by December 2017.
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