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Macy’s closures could leave a trail of dead malls in their wake
NEW YORK (CNNMoney) -- Macy's plans to close nearly 40 stores could be a death knell for many malls that are already on the brink. At least a dozen of those stores are in malls that are already troubled by store closings and declining sales. "How difficult is it to replace Macy's? It's almost impossible," said Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment firm.