Is Macy’s dying? — Market Mad House

It appears Macy’s (NYSE: M) is dying before our eyes. The department store legend is closing an iconic store in Downtown Seattle that’s over 90 years old.

Ironically, Macy’s leasing is the top six floors of the building to Amazon (NASDAQ: AMZN), The Seattle Times reports. Amazon now leases 11.5 million square feet of space in 47 office buildings in Seattle.

Macy’s plans to close the Downtown Seattle store in February 2020, The Seattle Times claims. The company will sell the Downtown Seattle Macy’s Building after the store closes. Notably, a…