Macy's, Inc. announced the closing of six Virginia stores. Three are in the Richmond area and another three are in Hampton Roads. The stores are among 40 stores that the company is closing nationwide as it tries to reduce expenses by $500 million.

The stores in Virginia that are scheduled to close employ nearly 500 workers. The Virginia stores are: Chesapeake Square in Chesapeake (a 95,000-square-foot store that opened in 1999; it has 69 employees); Virginia Center Commons in Glen Allen (110,000 square feet; opened in 1993; 81 employees); Peninsula Town Center in Hampton (173,000 square feet; opened in 1977; 109 employees); Military Circle Mall in Norfolk, VA (153,000 square feet; opened in 1976; 95 employees); Regency Square main store in western Henrico County (100,000 square feet; opened in 1990; 100 employees); Regency Square furniture/home/men's store (124,000 square feet; opened in 1990; 35 employees).