How Long Until Macy's Makes a Move?

By Eric Richardson
Published: Tuesday, January 09, 2007, at 11:10PM

Eric Richardson [Flickr]

DOWNTOWN LOS ANGELES — The new Macy's signage is finally up at 7+Fig. As I wrote back in September, this is the first time Macy's has had two stores with its name on them Downtown, but not the first time they've owned two.

As Federated finalized its plans to acquire Robinsons-May back in July of 2005 it released a list of stores that would close. Neither Downtown store was on it. At the time I speculated that one of the two Downtown stores would become a specialty location -- perhaps a Home store.

But as of yet nothing has happened. How long will that inertia last?

Both stores need work. The Macy's Plaza location particularly looks outdated and run-down. You would figure that Macy's has some sort of a plan, but as of yet we here in Downtown haven't heard anything.

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Comments

Scott Mercer writes:

We'll just have to wait until we get more department stores. Have you heard the rumor that Target was going to buy the former Hamburger's Department Store (better known currently as the Broadway Trade Center)? Just a rumor, but I'd sure like to see that happen.

# on Jan.10.2007 AT 02:52 PM

Eric Richardson writes:

Scott: I haven't heard a rumor. I believe I heard wishful speculation on the Skyscraperpage forums, but nothing that I attached even enough credibility to get to rumor status.

# on Jan.10.2007 AT 03:07 PM

B writes:

The new owners of 7+Fig are wanting to reposition the retail there. They're wanting to bring in a Target, but I haven't heard anything about one on Broadway.

# on Jan.10.2007 AT 05:52 PM

Dennis Smith writes:

"How long will that inertia last?"

I guess we got the answer to that question yesterday!

# on Jan.09.2009 AT 01:25 PM

Eric Richardson writes:

Indeed. I laughed when this popped up in the "On This Date" display this morning. It can last two years.

# on Jan.09.2009 AT 02:13 PM