Market by Macy's will open in Chesterfield Valley

Market by Macy's is scheduled to open at Chesterfield Commons in the fall. (Source: Macy's)

Macy's department store in Chesterfield will soon cease to exist. 

The last remaining anchor store that has been at the Chesterfield Mall location since 1981 (originally as Famous-Barr), has announced that it is closing its doors.

Instead, it will open in a new location in Chesterfield Commons on THF Boulevard. However, it will now be Market by Macy's, a new, smaller store format that will offer a more "curated" selection of goods.

"At Macy's, we thrive on retail being a dynamic business requiring continuous analysis, reinvention and innovation," said Marc Mastronardi, chief stores officer, in a news release. "As customer preferences and buying behaviors change, we continue to evolve to deliver the experience our customers expect."

In 2015, Macy's introduced its Backstage section inside stores and as freestanding stores as a way to boost the sales productivity of lower-performing stores.

But with malls declining, Macy's strategy is to look for smaller locations.

According to the news release, the store is expected to be one of four off-mall locations to open this fall. The first dual Market by Macy's and Macy's Backstage store will open in Chicagoland in Evergreen Park, Illinois.  

In 2020, The Staenberg Group (TSG) purchased the Chesterfield Mall property with plans to turn it into an urban downtown mixed-used development with condominiums, corporate office, restaurants, upscale retail, pocket parks and other amenities.

Initially, the new property owners believed that some buildings like Macy's might remain.

"The plans assumed that we would have that building available, but it would be difficult for Macy's to operate if everything around is a demo site," said Tim Lowe, vice president leasing and development.

Now, the entire mall, including The Cheesecake Factory and AMC Theaters, will be demolished.

"Ultimately, it would be difficult to keep the existing buildings," he said.

However, the theater and the restaurant will have the opportunity to be part of the new development.

"We're working on going forward, how does it fit in the new plan," Lowe said. "It will evolve as we move forward."

In the meantime, the mall will continue to offer small business owners and organizations an opportunity to rent space at the mall.

 

Reporter

Cathy has been a freelance reporter for more than 20 years. During this time, she has covered everything from local government, school districts, litigation, and commercial development, to special events.

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