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Macy’s CEO says $10bn in sales are up for grabs because of retail bankruptcies

Macy’s CEO says $10bn in sales are up for grabs because of retail bankruptcies

Macy’s chief said ~$10bn of retail sales acquisition opportunities existed owing to retail bankruptcies caused by Covid-19 pandemic. However, he added that he would be very careful in considering these opportunities as it will all depend on brands and locations available. Macy’s last aggressive acquisition was in 2018 when Bon-Ton’s,the department store chain liquidated its roughly 200 locations.

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