Macy's has identified its downtown Houston department store as one of six underperforming locations that will soon close.
The massive building was built in 1947 as the flagship store for the Foley's chain, before being bought by Macy's several years ago. In recent years, the once-popular shopping destination could not attract enough business to keep the doors open.
Houston mayor Annise Parker has announced the formation of a downtown retail task force to explore whether a new home might be found for Macy's and other retail establishments.
Clearance sales are set to begin Jan. 7 and continue up to 11 weeks before the doors are closed in the spring.
Macy's says severance packages will be offered to some of the 138 associates employed downtown, while others will have opportunities to move to other Houston stores.