Thursday, September 8, 2016

How Macy's Store Closures Could Help Gap

Macy’s said last month it would close 100 of its 700 or so stores next year, raising the specter of more pain to come for the struggling mall sector.

But the department store’s downsizing offers some competitors a silver lining. Take Gap Inc, a clothing chain undergoing its own sales declines and fleet reduction.. . . more

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