Macy's Upgrades Herald Square Flagship for $400M

Macy's announced plans to invest in a four-year, $400 million upgrade of its flagship store in Herald Square in New York City. The upgraded store will have expanded selling space and be equipped with more technology, including interactive product directories and streaming videos as well as an app for the outlet. Work will begin in early spring 2012 and continue in phases through the fall of 2015. "The excitement, size and scale of this remodel reinforces our conviction that Macy's Herald Square is and will remain a retail store in a class by itself," says Terry J. Lundgren, CEO