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Department stores, including Macy's, looking for ways to evolve

2015-07-19 07:36:34| Apparel - Topix.net

Two days after Macy's announced it had sold its 1.2 million-square-foot Downtown flagship store, the company's share price shot up. An activist investor bought into the department store operator with an eye toward turning the prime real estate the retailer has amassed over decades into a separate venture.

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