How the closure of Macy’s will spur a mall’s re-orientation
Macy’s is closing its stores as both department stores and shopping malls are shrinking. Macy’s decision to close nearly a third of its stores will spark change in malls and…
Owner of Saks Fifth Avenue develops luxury hotel and apartments in former department stores
Saks Fifth Avenue is considering expanding its brand to hotels and luxury apartments as it looks to grow beyond the bleak retail landscape, The Washington Post has learned. Hot on…
