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In a news release Tuesday, Macy's said it is shuttering unproductive locations, including approximately 50 by the end of the fiscal year.

Macy's announced Tuesday that it will close about 150 underproductive locations, including 50 by the end of the fiscal year. There was no information if four stories in Southwest Florida — two in Sarasota and one each in Lee and Collier counties — would be among those closed.Including the Southwest Florida stores there are 41 Macy's sites across the state.The news on shuttering the stores came as the department store operator said it posted a fourth-quarter loss and declining sales. The Macy’s stores set to close account for less than 10% of its sales, the company said.

Medical device manufacturer, AdaptHealth Corp.'s (AHCO) shares gain 28 percent during trading on Tuesday morning, following the announcement of the fourth quarter earnings report, where the company's loss widened to $254.

Macy's announces store closure at Ballston Quarter in Arlington as part of its comprehensive strategy to close underperforming locations nationwide.

Biotechnology company, Capricor Therapeutics Inc. (CAPR), Tuesday announced that it had been granted an in-person Type-B meeting with the U.S. Food and Drug Administration regarding the commercial launch of CAP-1002.