https://www.wlwt.com/article/macys-closing-downtown-cincinnati-headquarters-sources-say/30768230
3 replies (most recent on top)
Wasn't the condition of the sale to Macy's that HQ be here?
The Macy’s headquarters will be in New York, which means Cincinnati loses its No. 3 public company. No. 1 is Kroger, No. 2 is P&G, ranked by revenue.
https://www.bizjournals.com/cincinnati/news/2020/02/04/macys-downtown-headquarters-will-close.html
It appears Macy's is closing its downtown Cincinnati headquarters. Multiple sources tell WLWT that the department store chain is moving its Cincinnati headquarters to New York.
Company officials have not released a statement, and the timeline of the reported move is unclear.
The news follows a series of store closures that were announced earlier this year. Macy's announced it will close an additional 30 stores across the country, shifting its focus to its most profitable stores.
Macy's Northgate Mall location was among the list of closures.Macy's downtown Cincinnati was also shuttered in January 2018, located just blocks away from the company's headquarters.Macy's shares were up about 1.5% Tuesday afternoon, having fallen about 35% over the past 12 months. WLWT is working to learn more and will update this story as details develop.