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Macy’s plans to close 100 stores, boost online investment

  AP Macy’s plans to close about 100 stores next year and boost its online investments, the nation’s largest department store chain said, as it tries to become more nimble in an increasingly fierce market. The closures represent close to 14 percent of its stores under the Macy’s brand. The company, which operates Bloomingdale’s stores as well, said it would ...

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Londoners cut house prices to lure buyers

  Bloomberg London properties are taking longer to sell this month, despite a summer price cut, as Brexit uncertainty compounds the dampening effect of the holiday season. Homes in the UK capital are staying on the market for five days more than in May, the month before Britons voted to leave the European Union, property website Rightmove Plc said in ...

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Mid-America nears $4bn Post Properties deal

  Bloomberg Mid-America Apartment Communities Inc., a real-estate investment trust, is close to a deal to buy Post Properties Inc. for about $4 billion as demand for rental properties booms, The Wall Street Journal reported. Post Properties shareholders will get 0.71 share of new MAA stock for each share in a deal, according to the newspaper’s website, which cited people ...

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