The Traderszone Network

Published in TZ Latest News 10 November, 2016 by The TZ Newswire Staff

Macy’s teams up with Brookfield to develop store locations

With sales continuing to slide, graying retailer Macy’s is teaming up with Brookfield Asset Management to evaluate options for developing real estate at some 50 store locations. The department store said on its quarterly earnings call Thursday that it will sell stores in San Francisco and downtown Portland, and will continue to weigh options for locations in Minneapolis, Chicago and New York City, Forbes reported.

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