--Macy's Inc. (M) has had preliminary talks about building an office tower above its flagship New York City store, Bloomberg reported Wednesday.

--The retailer is considering a 1.2 million-square-foot tower, a person with knowledge of the matter told Bloomberg.

--Macy's shares recently traded up 2.1% to $25.17.

Link: https://www.bloomberg.com/news/articles/2019-04-24/macy-s-is-in-early-talks-to-build-office-tower-atop-nyc-flagship

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

April 24, 2019 15:16 ET (19:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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