how is it possible that a store that was doing really well is closed, and a store that is in a desperate state is still open? To me it is beyond comprehension.
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How is Hamilton Mall Macy's still open?
It's so simple yet so unfortunate. Macy's put up their owned properties (except HSQ) as collateral during the pandemic. They're not paying the bills, so bye bye goes the building. The stores that aren't doing well may or may not be leased, but either way, gotta pay off the debt somehow.
Your lease could be up and expensive compared to the other store.
Only corporate knows if a store is doing well and if it is profitable. There are multiple expenses that the store level has absolutely no knowledge about.
What two stores?