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Macy's Closes Chicago Flagship

The death toll for retail locations continues to grow.  Macy’s is closing its flagship store in Chicago’s Water Tower Place. The move creates a huge vacancy on the city’s Magnificent Mile during an already challenging time for retail landlords, according to the Chicago Tribune. The 170,000-square-foot store  will close after a clearance sale that starts this month and will run for 8 to 12 weeks, Macy’s announced in a statement Tuesday.

Read the whole story at Chicago Tribune »

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