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When Macy s confirmed the closure of its sprawling Water Tower Place store on Chicago s Magnificent Mile in January, it was merely one out of 125 closures planned a year ago. For many Chicagoans, however, it s the latest sign of the retail giant s questionable stewardship of their beloved Marshall Field s starting, from the get-go, with the name change.
Macy s is still running the former Marshall Field s flagship on State Street, along with a number of suburban stores in the area. But its departure from Water Tower Place, a Brookfield-run shopping center on Michigan Avenue, will leave a gaping space for the first time since Marshall Field s first anchored it in 1975. It s the latest blow for the shopping district, which recently also lost a three-story Gap flagship and other stores.