Around the Net
Macy's May Redevelop More Stores
- USA Today, Friday, November 11, 2016 8 AM
Faced with sharply declining profits, Macy's said it struck a deal with a private investment firm to weigh redevelopment options for at least 50 key assets — primarily stores in malls not controlled by major mall property owners. Net income in the third quarter tumbled from $118 million a year ago to $18 million and sales were down 4.2%.
