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Follow @janetcho. CLEVELAND, Ohio -- Macy's Inc. on Thursday announced it is closing its Richmond Town Square store in Richmond Heights along with 13 other Macy's stores nationwide. Final clearance sales will begin Monday, Jan. 12, and run for eight to 12 weeks, the Cincinnati-based retailer said.
Macy's plans to shut as many as 40 more stores in early 2016, picking up the pace of its closings. The chain said it has yet to identify the stores it will shutter. The stores account for 1% of total sales, even though they make up more than 5% of Macy's locations. Over the past five years combined, the company has closed 52 stores and opened 12 new ones. It also plans to open six new Macy's Backstage locations to sell discounted merchandise, sometimes in the locations of stores it closed. Among its most recent closings was one in downtown Pittsburgh that had been the last major department store in the center city there.