A news convention that had been scheduled for Wednesday to announce the choice was postponed on the last minute, and is now expected to be rescheduled for mid-Might.

During Macy's first quarter earnings name on Might thirteen, Chief Financial Officer Karen Hoguet addressed the company's actual property strategy, suggesting that some estimates valuing its belongings have been performed "over simplistically." In line with its final annual report, Macy's property has a ebook worth of $7.8 billion.

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