PRESS DIGEST-New York Times business news - Feb 28
Feb 28 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Macy's said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy's stores over the next three years while expanding its upscale Bloomingdale's and Bluemercury chains.
- Country Garden, China's largest real estate developer as recently as 2022, said on Wednesday that a creditor had asked a Hong Kong court to liquidate its operations and pay off lenders, in the latest sign that China's housing crisis continues unabated.
- Starbucks and the union that represents employees in roughly 400 of its U.S. stores announced Tuesday that they were beginning discussions on a "foundational framework" that would help the company reach labor agreements with unionized workers and resolve litigation between the two sides.
(Compiled by Bengaluru newsroom)
