The Macy's store on Market Street in Center City is set to close, the retailer and Philadelphia officials announced.Macy's announced a plan in December to cut 150 underperforming stores by 2026 – and on Thursday,

The Macy's department store in Center City Philadelphia will be closing its doors for good, one of more than 60 locations that will be shuttered across the country.

The closure is the latest drama on a stretch of East Market Street that’s been the focus of a recent and fierce civic debate over the approval of a proposed arena for the Sixers.

Officials believe the mixed-use redevelopment will be ready before the Sixers arena opens down the street in 2031.

The iconic Philadelphia Macy's, located in the historic Wanamaker building, will be closing its doors for good in the coming months.

What you should knowMacy's announced to employees it is closing its Philadelphia store in Center City, which has been open since 2006.The location is expected to close sometime in March, one of 66 Macy's locations that will be closing as part of a cost-savings initiative.

Macy's is closing its flagship Philadelphia store in Center City. Why it matters: The location has served as an anchor for Center City retail. Its closure "marks a significant transition" for the neighborhood,

It’s the end of an era as the iconic Center City Macy’s store, nestled in the historic Wanamaker building, will close later this year, the company announced on Thursday. The 1300 Market St. location has been the home to Macy’s since 2006 and is one of 66 store closures Macy’s announced across the country.

The Macy’s in Center City Philadelphia has celebrated its last holiday season. The iconic department store will close its doors, according to City Councilmember Mark Squilla.