Macy's to close Hickory Hollow location

A week after Sears news, a double department-store whammy for ailing complex

Hickory Hollow Mall is losing its last department store.

Less than a week after Sears said it would leave the shopping center as part of a big round of store closures, Macy's on Wednesday evening said it, too, will shutter its location there. The move will affect 77 workers, some of whom will get the chance to work at other Macy's stores. A closeout sale will start this weekend and last about 10 weeks.

Cincinnati-based Macy's said the move is part of a "normal-course process to selectively prune underperforming locations while also opening new ones to fill gaps in local markets." Four other stores in Kansas, Maryland, Ohio and Texas will be closed as well. The company, which runs about 800 stores, also said it plans to build locations in California, Illinois, New York, Utah and Wisconsin.

Macy's move will raise even more questions about the future of Hickory Hollow Mall, which is owned by Chattanooga-based CBL & Associates. The center, which in recent years also lost a Dillard's store, is being eyed as the site of a satellite Nashville State Community College campus and a community center anchored by various Metro agencies.

CBL officials two years ago wrote down the value of the 1.1 million-square-foot center to just $12.6 million and the mall in 2010 posted the lowest sales per square foot of any CBL property.

"We will work closely with Macy's to come up with the best possible plan for the store transition and the ongoing productivity and growth of Hickory Hollow Mall," said Katie Reinsmidt, CBL's vice president of communications and investor relations, in a statement emailed to NashvillePost.com. "We look at change as an exciting time to reinvent the dynamics of the shopping center complex."