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Macy’s going smaller in Pittsburgh
New York City -- Macy's is reducing the size of its store in downtown Pittsburgh from nine floors of retail space to six (plus a mezzanine).
The company has been moving some departments to lower floors since early this year. The store will remain open during the renovations.
"The store is being reconfigured for better flow among departments, making shopping easier and more convenient," the company said in a statement.
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ICSC: Shopping-center sales will rise 2.2% in 2011
New York City -- Shopping-center sales in November and December are expected to increase 2.2% relative to the same period a year ago, according to the International Council of Shopping Centers. In 2010, the holiday season posted a 5% gain following two back-to-back declines during the 2007-09 recession.
The organization has forecast that U.S. holiday sales in 2011 will post a moderate 3% gain, down from 2.1% last year.