Amazon on the hunt? Macy’s or JC Penney the target?

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Interesting speculative piece from FreightWaves on the possibility of Amazon lining up a bid for US clothing giant Macy’s or retailer JC Penney. Despite the continuing lockdowns in the US – and the growing possibility of further measures to combat a second wave of infections – hitting Macy’s retail figures, the appeal of the near-distressed asset to Amazon is twofold: Macy’s has a massive urban land bank that would be hugely attractive to Amazon as its seeks to expand its ...