it's mr new york mark simone on seven 10 w o r well we'll get to uh gilgo beach we'll get to uh this would be like

1968 i think and i'll tell you why we'll get to davos uh and a lot more macy's announced they're laying off 2,300 employees closing five stores.

Now, whenever this happens with a big department store chain, they always do it right after the holiday.

One of the reasons they wait to see how good or bad the holiday season is, and apparently wasn't't great so they're going to lay off 13%

of its workforce macy's closing five stores laying off 2300 people it's tough on the retail business

and a lot of times they're in shopping malls macy's or they're an anchor store in a mall and these

malls are dying now the malls have to figure out how to save

themselves one of the things going on now is supermarkets you know you got the mall with all the

stores and then at each end is two major big huge stores and macy's blooming's, all those that used to be the anchor stores are leaving.

A lot of malls now replacing that with supermarkets, which is a pretty smart thing to do, because one thing about a supermarket is people, you tend to go to the supermarket all the time.

So it drives a lot of mall traffic.

Green Acres Mall.

Big new shop right is planned.

Those SunVet shops, that mall.

Big Whole Foods market coming in.

Holbrook.

You're getting a big Whole Foods.

Westbury.

Remember the source?

The mall at the source?

This big Asian grocer chain, 99 ranch market.

So the people that own these malls, it's three or four major companies in all the big malls.

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