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Shannon Vavra Feb 3, 2017
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Macy’s flirts with a buyout

Pete Bellis via Flickr CC

After two years of disappointing sales, Macy's is looking to cut its losses in a deal with the owner of the likes of Lord & Taylor and Saks Fifth. Macy's shares shot up by 7.4% this morning following the announcement of the talks with Hudson's Bay. The deal may also involve Macy's real estate, according to the WSJ, although talks are in early stages.