The company has addressed rumors of the closing of the store famously featured in the holiday classic Miracle on 34th Street.

Few neighbors quarrel more than two on Manhattan’s Herald Square, Macy’s and Gimbels. Last week, with a buyers’ market on the horizon, they were at it again, harder than ever. This time ...

The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself — an untenable situation that masks the true value of the company. Macy’s struggles are making ...

The investors claim that Macy’s real estate, including its flagship store at Herald Square in New York City, is worth up to $9 billion on the open market, nearly double Macy’s closing market ...