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After Macy’s announced it will close 150 stores nationwide, San Francisco Mayor London Breed said the company is looking to sell its Union Square property.
Marshall Field created the namesake store that was one of Chicago’s jewels. Field’s became Macy’s, and its value now is as the kind of real estate play that led to the extinction of stores like Sears and Kmart.
The Gap fails to match up to other retailers results despite its shift to a digital-first mindset.