Chicago’s Outlet Mall in the city’s east is slated to be opened to the general public on Sunday.
The mall’s main entrance is at the corner of Wisconsin Avenue and Illinois Avenue, and will be home to Macy’s, Sears, and JCPenney stores.
The opening will coincide with Macy’s Thanksgiving Day Parade, the company said.
The entrance will open at 9 a.m.
CT, the day before Macy’s parade.
Macy’s and Sears will remain open until 10 a.k.
CT on Sunday, according to Macy.com.
The Macy’s at the Outlet is slated for a ribbon-cutting ceremony at 10 a and will remain in operation for the rest of the year.
Macy said in a statement that the opening “has been a dream of many for decades.”
The mall will include a number of businesses, including a fashion and jewelry store, a discount clothing store, an entertainment center, and a music venue.
Macy says it is committed to being an innovative and creative place to shop and live, and it will continue to operate as it has for the last 25 years.
The Chicago Ridge Mall in east Chicago will be the sixth Macy’s outlet in the United States, and the fifth outlet in Illinois.
Macy announced the expansion in November 2016, after the chain’s store in Chicago had closed.
The chain has been in the Chicago area since 1981, and has about 40 stores in the region.
Macy also has stores in New York City, Boston, Los Angeles, Washington, D.C., and Philadelphia.
Macy previously opened a store in Austin, Texas, in December 2017.
The outlet’s closing comes after Macy’s struggled to maintain stores and profit margins in recent years, and analysts have speculated about its future.
Macy stock was down $1.30, or 0.8%, at $29.72 in afternoon trading on the New York Stock Exchange.
Macy CEO Tim Bradley said the outlet’s closure will help Macy build its brand globally.
“I think that will help us be more competitive in our stores, in our categories, in the marketplace,” Bradley said.
Macy is working on a new business that will be part of its overall retail strategy, Bradley said in September.