Raleigh/Durham Store Closures: Legacy Rugs, Macy’s, Loft Announce Shutdowns
A series of notable store closures are impacting the Raleigh-Durham area. Several retailers, including Legacy Oriental Rugs, Macy’s, and Loft, have announced shutdowns that reflect shifting retail dynamics in the region.
Closure of Legacy Oriental Rugs
Legacy Oriental Rugs, a beloved locally owned store specializing in hand-knotted rugs, is permanently closing. Situated in the Pleasant Valley Promenade shopping center, this store will offer a clearance sale featuring discounts of up to 85%. The closure is attributed to the retirement of the owner and the demolition of the building housing the store. Legacy Oriental Rugs is expected to close its doors by the end of February.
- Location: 6728 Glenwood Ave, Raleigh
Macy’s Departure from Triangle Town Center
Macy’s, a well-known department store chain, has confirmed its closure at the Triangle Town Center in Raleigh. This location is situated off Capital Boulevard near Interstate 540. While the exact closing date has not been announced, the store’s closure aligns with Macy’s strategy to focus on nearby locations and enhance digital shopping experiences.
- Location: 3801 Sumner Blvd, Raleigh
Loft Closes in Southpoint Mall
Loft, a women’s clothing retailer located at The Streets at Southpoint mall in Durham, is also shutting down. The brand, owned by KnitWell Group, has decided not to renew its lease at this location. Although Loft operates additional stores in the Triangle area—two in Raleigh and one in Morrisville—customers will no longer find the Southpoint location operational.
- Location: Southpoint Mall, Durham
Impact on Local Retail Landscape
The simultaneous closures of these retailers highlight significant shifts in the local retail environment. Many companies are recalibrating their strategies to adapt to evolving consumer preferences and market conditions.
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