Friday, January 15, 2016

Can Macy’s Find a Way to Unlock the Value of its Real Estate?

The most wonderful time of the year wasn’t all that wonderful for Macy’s Inc. The department store chain saw its same-store sales fall 4.7 percent in November and December.

Shortly after announcing its disappointing holiday results, Macy’s issued an announcement outlining its strategic plans to cut costs and possibly monetize its real estate. The retailer operates about 900 stores in 45 states, the District of Columbia, Guam and Puerto Rico.. . . more

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