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The location, an 81,000 square foot anchor store of the Preakness Shopping Center, is among 68 Macy’s stores across the country and three in New Jersey that will close by year end.
The other New Jersey locations are in Moorestown and Voorhees.
The Wayne store has been a staple for area shoppers since it opened in 1963. It currently has 72 employees.
According to Macy’s, displaced employees may be offered positions in nearby stores, and will be offered severance benefits. An estimated 3,900 employees across the country will be displaced as a result of the closures.
“We are closing locations that are unproductive or are no longer robust shopping destinations due to changes in the local retail shopping landscape, as well as monetizing locations with highly valued real estate,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc.
“These are never easy decisions, and we are committed to treating associates affected by these closings with respect and transparency," Lundgren said.
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