Earlier this week, New York mayor Bill de Blasio announced the city’s planned investment in Sunset Park, Brooklyn- a complex at Bush Terminal dedicated to New York’s garment and film industry. The Made in New York complex, part of the Sunset Park District Plan, led by the New York City Economic Development Corporation (NYCEDC), is...
Macy’s said it plans to close about 100 stores, or 14 percent of its store base, and would continue to seek partnerships for its flagship locations as it seeks to turn around its business after six quarters of falling sales. Department stores have been struggling with stiff competition from online and off-price retailers. They are...
