Hundreds of American malls are struggling. Their troubles just got worse. Macy’s (M), for decades a reliable anchor tenant for mall owners and a draw for shoppers, announced Tuesday that it will ...

See more stories on Insider's business page. Macy's and L Brands are retreating from the American mall. In first-quarter earnings commentary this week, the two retailers discussed plans to focus ...

Macy’s Inc. posted first-quarter sales that outpaced Wall Street’s expectations and raised its earnings forecast for the year as the reopening economy helped drive shoppers back to the mall.