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smaller retail spacesCNBC
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78% Informative
Macy 's decision to close nearly a third of its stores will spark change in malls and communities across the U.S. The retailer said in late February that it plans to close about 150 of its namesake locations by early 2027 .
Macy 's is trimming its locations as department stores and malls alike dwindle.
The closures will give the owners of healthier malls a chance to breathe new life and relevance into a shopping center.
Since 2012 , major mall owner Brookfield Properties has redone more than 100 anchor boxes.
Macy 's store typically range between 200,000 and 225,000 square feet .
In San Francisco , a former Macy 's is now a Whole Foods, movie theater, sporting goods store and health-care facility.
At Tysons Galleria in Washington , D.C. , a new entertainment wing opened in 2021 .
VR Score
84
Informative language
85
Neutral language
47
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semi-formal
Language
English
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42
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Hate speech
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Attention-grabbing headline
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