Bad news for CB....Macy's has announced they are closing 68 stores.
And laying off 10,000 employees, also once again Sears and K'Mart are reducing the fat but if not being operated by a Hedge Fund (throwing away other peoples money) they would have long ago both been closed. Khol's is next it sounds like.
Typical Hedge Fund methodology Sears/K'Mart sold all their premium quality real estate to the Hedge Fund that owns them and now leases it back from them........... yeah and when they finally shut down the hedge fund is left owning all the real estate basically free.