US Retail

2017 January :  
Macy discloses first 68 of 100 stores closings
Macy's announced the first 68 of 100 stores it plans to close and the elimination of about 6,200 employees as part of a long-awaited series of actions to offset declining sales in its retail operations.  The department store retailer said the actions are expected to achieve approximately $550 million in annual cost savings beginning in 2017.

• Some Mall Owners Rush to Get Out of the Mall Business -- WSJ

A report by Credit Suisse identified six retailers most common to US most valuable mall properties.  These are:

• Nordstrom, Louis Vuitton, Lululemon, Apple, Tiffany & Co. and The Cheesecake Factory