Miracle on Fulton Street: Fate of Brooklyn’s Macy’s stores remains uncertain
Macy’s Closing 100 Stores Across the Country
Macy’s has announced that it will be closing 100 of its 675 department stores across the country, with most set to close by early next year. Macy’s has already closed 90 stores over the past six years and has only opened 13 new ones.
Since it has not yet been announced which stores will be shutting down, the fate of the Macy’s New York City locations is unclear. Macy’s has two stores in Brookyn — the Downtown Brooklyn building at Fulton Street and an anchor store at King’s Plaza mall.
The iconic “Great American Department Store” was established in 1858 and located on the corner of 14th Street and Sixth Avenue in Manhattan. It was founded by Rowland Hussey Macy. According to the Macy’s official website, first-day sales totaled $11.06, but by the end of the first full year, sales grossed approximately $85,000. By 1877, R.H. Macy & Co. had become a full-fledged department store.