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Back to business: SoNo Collection moving ahead in face of ‘retail...

Owned by Brookfield Property Partners and managed by Brookfield Properties, the mall opened at a time when the so-called brick-and-mortar “retail apocalypse” had yet to feel the COVID brunt. According to research firm Reis, shopping center vacancies at the end of 2019 were their highest in 20 years, at 9.7%.

Macy’s raises about $4.5B in financing

Macy’s, Inc., has announced closing on approximately $4.5 billion in financing, which the department store chain expects will provide sufficient liquidity to address its...

Massive layoffs at Macy’s, Kohl’s, Gap, Bridgeport bakery, Mystic Seaport

Bridgeport’s Lecoq Cuisine Corp. has laid off 181 workers. “Although this action may be temporary, given the uncertainty created by this pandemic, this separation may be permanent,” according to Chief People Officer Laura Brown.

Macy’s closing 68 outlets, laying off 10,000; still plans to open...

The company expects to open a Bloomingdale's in the megamall in the fall of 2019.