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Macy’s Seeks To Reposition Real Estate on Multiple Fronts

Retailer Plans To Sell or Redevelop Stores and Parking Lots To Better Monetize Properties
Macy’s is planning a redevelopment of its flagship Herald Square store in New York (James Hooker/CoStar)
Macy’s is planning a redevelopment of its flagship Herald Square store in New York (James Hooker/CoStar)
By Jennifer Waters
CoStar News
May 18, 2021 | 4:20 P.M.

Macy’s CEO Jeff Gennette said the chain has “many irons in the fire” as it looks to sell or redevelop portions of its extensive real estate portfolio beyond retail to make better use of its large properties across the United States.

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