Tuesday, November 28, 2017

Macy’s NYC flagship worth $3.3 billion

Retailers Hope Post-Christmas Sales Will Save Bottom LineMacy’s is sitting on billions of dollars of prime real estate.

The department store giant’s real estate has an estimated value of $16 billion, according to a report by the New York Times, which cited an analysis by investment management and banking firm Cowen. By comparision, the retailer’s market value is put at $6.4 billion.. . . more

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