Macy's lists 66 'underproductive' stores set for closure; over 80 closures still to come
Macy's released a list of 66 of the "underproductive" stores it is closing. The retailer plans to close about 150 in its ...
Bisnow29d
Macy’s Expects $275M In Real Estate Sales This Year, Doubling Previous Prediction
That comes after it made $66M in profit off real estate sales in Q3. The downsizing initiative is not new for Macy’s. The chain announced plans to shutter 150 stores by the end of 2026 in its ...
Commercial Observer28d
Macy’s Predicts $275M From Sales of Real Estate Portfolio, Will Close More Stores in 2025
After seeing a drop in in-store sales last quarter, Macy’s might make that up by selling off its real estate. The department store announced it expects to see $275 million in sales of its retail ...
Yahoo Finance28d
Macy’s urged to deliver shareholder value as Q3 sales dip
Macy’s board should create a separate real estate subsidiary to collect market rents from Macy’s retail operations and pursue other asset sale and redevelopment opportunities. We believe doing ...