Macy’s departure would be a major blow to Water Tower Place. Macy’s occupies 170,000 square feet on eight levels, CBS Crain’s reports.
The Macy’s State Street store suffered extensive damage in recent looting. The store was also severely damaged back in May.
Macy’s has not responded to CBS 2’s request for comment.
Mayor Lori Lightfoot said the city is aware Macy’s has been struggling in this new economy as business trends shift. She said this is a decision made before COVID-19 impacted businesses.
Macy’s talked about closing 100 stores, but it’s hardly likely a top-performing store on the Magnificent Mile was one of them. After the second and last riot-looting escapade, investment in the Magnificent Mile is looking like a loser.
The BLM lunatics think looting stores like Macy’s is reparations and they have insurance to cover it:
#BlackLivesMatter = #BlackLiesMatter = #DomesticTerrorists pic.twitter.com/Cpzi5sOuLd
— Detective William Robert Nolan – NYPD (retired) (@William90787834) August 12, 2020
THE LOOTING OF THE MACY’S FLAGSHIP STORE – THE OTHER SIDE OF THE #BLM PROTESTS THE MAINSTREAM MEDIA DESPERATELY DOES NOT WANT YOU TO SEE. pic.twitter.com/Sase9OhHfY
— Andromache (@Androma33) August 14, 2020
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This is cause – effect. The mayor is busy with excuses. Before the shutdown that store was filled with customers every day.
All the looted retailers should leave. All the others should get out soonest as they will be next. None of this has anything to do with police brutality or any other mythical social do-gooder cause.
..and all the identified “reparation by looting” THIEVES should be placed on an employment “black list”…seems appropriate eh !!!
The BLM lunatics think looting stores like Macy’s is reparations and they have insurance to cover it:
Yup, they have insurance, insurance paid by profits from consumers who shop at these looted businesses. Or at least USED TO shop there because I’ll bet insurance premiums are going to quadruple. That is passed on to consumers in higher prices as is theft from these stores. Macy’s and other stores that were damaged or destroyed in Chicago and other major cities where city leaders allow rioting would be masochists to return. And insurance companies would be justified refusing to underwrite policies due to the high risk. Is Lori Lightfoot willing to take on the insurance risk of these companies in order to get them to stay? I doubt it. Even if she would, Chicago doesn’t have the money to cover the claims.