Money MattersBusiness


Macy's will close College Mall Store in Bloomington

College Mall left without traditional dept. store
Macy's One.JPG
Posted at 5:02 PM, Jan 07, 2021

BLOOMINGTON — College Mall in Bloomington will lose its last remaining traditional department store later this year when Macy's closes.

"After careful consideration, Macy’s has decided to close our College Mall location. This closure is part of the company’s strategy announced in early 2020," said company spokesperson Julianne Olivo.

That strategy is to close about 125 locations nationwide by 2023. Macy's two Central Indiana stores, in Castleton and Greenwood will remain open.

"Regular, non-seasonal colleagues who we are unable to place at nearby Macy’s store will be eligible for severance, including outplacement resources," according to Olivo. A clearance sale will begin later this month and run for approximately 8-12 weeks.

L.S. Ayres opened a store in the early 1980's which eventually became the Macy's. Over the years, J.C. Penny and Sears left the mall.

Now, once Macy's is gone, College Mall will be left without a traditional department store and will be anchored by a Target and a Dick's Sporting Goods, along with about 80 stores and restaurants.

The Bloomington mall is owned by Indianapolis-based Simon Property Group,