On December 28, 2007, Macy's announced that it would close its location in Sharpstown, the last remaining original anchor from the mall's 1961 opening. After the conclusion of its liquidation sale on March 15, 2008, employees were moved to other Macy's stores. Mere days after the Macy's announcement, on January 9, 2008, Finger Furniture announced that it would also be closing its Sharpstown location. By January 11, 2008, Sharpstown was operating under Chapter 11 bankruptcy protection and was up for sale. The then owner of the mall, Urban Mall Houston, was over $53 million in debt.