Macy’s is closing 11 stores, but Dearborn’s Fairlane location will remain, a good thing for the mall as it is one of the key anchors at the Fairlane Town Center.

Macy’s cancelled out its 10 new store openings in 2007 with this announcement that it is closing 11 stores that have been experiencing declining sales with little hope for future growth.

The 11 stores being closed will leave big holes in several malls where Macy’s has been a tenant for more than 20 years.

In a company statement, Macy’s said in 2009 it had modest store opening plans for six to eight stores. The company currently operates about 850 stores under the Macy’s and Bloomingdale’s brands.

Stores to shut are in Los Angeles; Colorado Springs and Westminster, Colo.; West Palm Beach, Fla.; Hawaii; Indianapolis; Brooklyn Center, Minn.; St. Louis; Natrona Heights and West Mifflin, Pa.; and Nashville, Tenn.