FILE-Shoppers outside the Macy's flagship store in the Herald Square neighborhood in New York City on Thursday, Aug. 29, 2024. (Jeenah Moon/Bloomberg via Getty Images) ...

Macy’s real estate assets, including the Herald Square location, are worth about $5 to $9 billion. Department store operator Macy’s said on Thursday it will close 66 “non-go-forward” store locations ...

Saks Fifth Avenue, originally named Saks & Company, first opened in D.C. but expanded into Manhattan with a Herald Square store in 1902 and its flagship on Fifth Avenue and 50th Street in 1924.

Macy’s flagship store at Herald Square in New York City will not close (Picture: Getty Images) The strategy has put investments into pilot stores referred to as First 50, and they have shown ...

and while it can't replace the precious business that has been lost during the bustle of last-minute holiday shopping, it's helped. The Herald Square market is full of lights, music and the smells ...

NEW YORK-- A small business owner whose booth went up in flames in Herald Square is struggling financially. The setback is causing her to cancel upcoming business events. Nilo Amerzada's dream is ...