Macy's is mimicking the off-price business model to boost sales and reduce costs.
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Macy's $5.8 Billion Question: What's More Valuable, Real Estate or the Business? - WSJ
Macy's Plans 150 Store Closures in New Strategy, as Chain Faces Proxy Fight
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Macy's is closing 150 stores nationwide as it seeks 'bold new chapter' with greater focus on luxury
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Macy's Is Transforming Into a Discount Retailer
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Macy's Just Unloaded a Bunch of Old Stores for a Nice Chunk of Change - TheStreet