Is the Macy's in my mall going to close? Uncovering the factors associated with the closures of Macy's, Sears, and J.C. Penney stores

Joseph Tokosh

Growth and Change, 2019, vol. 50, issue 1, 403-423

Abstract: This study analyzes three national department store chains in order to identify the factors most associated with their store closures. A binary logistic regression revealed some consistencies and differences in the associations. Larger stores are less likely to close for all three chains. Macy's and Sears stores are less likely to close in large malls (than freestanding stores) and if they are located in the West. J.C. Penney stores in the west are also less likely to close than in other regions, but stores in large shopping centers are more likely to close than freestanding stores. Store age was only significant for J.C. Penney stores, and indicated that older stores are more likely to close. Implications for retail managers and city economic vitality are mentioned and future research possibilities are discussed.

Date: 2019
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