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Gap among those unfazed by Macy’s coming store closures


Top suppliers don’t seem very worried about Macy’s looming store closings. And neither does the CEO of Gap Inc., according to a report by

Gap chief executive Art Peck told attendees at Goldman Sachs' Annual Global Retailing Conference that he sees the Macy's store closures as an opportunity to grab market share, the report said.

“That is demand that is going to get placed into other businesses," Peck said.

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