 In August 2004, Cleveland Cinemas was asked to leave the mall to allow a Dick's Sporting Goods to be built in its spot.Its last day of operation was August 11, 2004.On July 6, 2011, the Parmatown's lender filed for receivership due to loan service default from RMS Enterprises, a venture formed by the founding Ratner, Miller, and Shafran families of Forest City Enterprises Inc.

On January 4, 2012, Macy's announced the Parmatown store would close in early 2012.