The coronavirus has accelerated the pains felt by many big chains, especially department stores, which had already been struggling to deal with a fast-changing retail sector.Macy's is seeking a taker for 330,000 square feet it leased in Long Island City last year, according to a marketing document seen by Business Insider.
The sublease offering comes after the department store operator has been battered by the coronavirus crisis and announced layoffs and store closures. According to a marketing document seen by Business Insider, the department store operator has hired the real-estate services firm and brokerage CBRE to market just over 330,000 square feet for sublease at The Jacx, a 1.2-million-square-foot recently finished office building along Jackson Avenue near Court Square.
cjsienna55
Macy's has been in financial trouble for decades, cant feel sorry for its globalist headquarters. Lay in bed with the criminals and its eventually going to catch up. Like everyone else on the planet, get rid of over paid management and down size
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