The Wrap: Macy’s plans to close 100 stores and boost online investment, Boca office building could be torn down for multifamily project…and more

The Macy’s building in downtown Miami (Credit: Daniel Christensen) 1. Macy’s plans to close 100 stores and boost online investment [Miami Herald]2. Boca office building could be torn down for multifamily project [SFBJ]3. Real estate developer latest to be sued over doomed Fashion Mall [Daily Business Review]4. Lopsided housing rebound leaves millions of people out in…

Macy’s to close 100 stores

Struggling Cincinnati-based department store giant Macy’s Inc. announced Thursday that it’s closing 100 stores in an effort to overhaul its retail strategy. Macy’s (NYSE: M) will close a majority of those stores in early 2017, according to a news release. The locations of which stores will be closed will be announced at a later date,…