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According to a report from the Houston Chronicle, the store those of us who grew up in Houston knew as Foley's downtown since it opened in 1947 will be shutting its doors as part of a move by Macy's to close underperforming stores. It will begin a clearance sale on January 7 that will run for about two months.
The store, which sits along Main Street in an area that was envisioned as a shopping district along the light rail but has struggled to attract consistent business, is the largest in downtown. Recently, a Magic Johnson retail group purchased the Houston Pavilions and hopes to revitalize the project.
Mayor Annise Parker released a statement concerning the closure:
I am charging a small group of experienced marketing and real estate professionals with aggressively seeking all options to increase the amount of retail and supporting parking in downtown. With two hotels, multiple residential projects, new ownership of the Houston Pavilions, expanded light rail and other key projects on the horizon, downtown is booming, and retail is critical in making it a desirable mixed-use activity center. As the fourth-largest city in the U.S., Houston needs, and should have, more retail options downtown.