Retailer Macy's is closing its store on Market Street in Center City, Philadelphia City Council member Mark Squilla said Thursday.

Macy’s will close its Center City location in the historic Wanamaker Building, according to two employees who were at a meeting where the announcement was made this morning and a City Hall official. Lamara Major,

The Macy's department store in Center City Philadelphia will be closing its doors for good, a spokesperson for Councilman Mark Squilla told Action News.

Philadelphia’s iconic Center City Macy’s store will close this year, a source confirmed with NBC10 on Thursday.

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 65 Macy's locations that will be closing this year as part of a cost-savings initiative.