Macy's Water Town Place Store To Close, Ending After 45 Years In Business

The Water Tower Place Macy’s location is closing after 45 years in business on the Magnificent Mile.

Since opening in 1975, the department store has been a staple, either as Marshall Field’s or as Macy’s, WGN9 noted Wednesday morning (January 6).

In a statement, Macy’s officials said closing the store was a “difficult” decision.

The official closure of the Water Town Place location is still a few months away.

Shoppers can expect a clearance sale starting this month, lasting about 8 to 12 weeks. Non-seasonal employees will either transfer to another Macy’s location or be eligible for severance pay, according to a statement from Macy’s.

A Macy’s spokesperson told Chicago’s ABC affiliate that officials opted to close the Water Town Place location nearly a year ago, in February 2020.

"After careful consideration, Macy's has decided to close our Water Tower Place location. This closure is part of the company's strategy to right-size its store fleet, announced in early 2020,” a statement reads, in part. “Macy's is committed to the greater Chicago community. We will continue to serve our customers at Macy's on State Street as well as in a number of suburban locations such as Old Orchard, Oakbrook, Woodfield, Orland Park and Hawthorn Court or online at macys.com and the Macy's app."

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