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Macy's Sells Five Stores to GGP, Offers Potential Clues to Future Store Closures

CBL, Macerich also Working with Dept. Store Chain to recapture Additional Mall Anchor Spaces
CoStar News
November 2, 2016 | 10:19 P.M.

Macy’s Inc. (NYSE:M) sold the first five of approximately 100 stores it plans to close as part of its previously-announced plan to return to profitable growth by monetizing some of its real estate portfolio and reinvesting in stores with higher sales potential and in its digital businesses.

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News | Macy's Sells Five Stores to GGP, Offers Potential Clues to Future Store Closures