Macy's CEO Feels 'Good' About Real Estate Portfolio

The transcript discusses Macy's strategic decisions regarding store closures and real estate management. The CFO's comments on the ideal number of stores are highlighted, along with the focus on premium malls and community stores. The importance of the omni-channel strategy, combining online and physical stores, is emphasized. Plans to monetize real estate, particularly in Herald Square, are outlined, with a focus on shareholder value. The Brookfield partnership is mentioned, with future announcements expected on individual property deals.

What does the speaker mean by the interplay between online business and bricks business?

What is the overall strategy for real estate mentioned by the speaker?