Could Macy’s sell off its Herald Square location?

In July, Macy’s announced it would dump its Downtown Pittsburgh store after 128 years at 400 Fifth Ave (the first 119 years as Pittsburgh’s iconic Kaufmann’s store).

It seems the department store could also be looking to dump its iconic Herald Square location.

All in an effort to raise cash for investors.

Would the store leave Herald Square altogether, allowing a developer to construct residential space and smaller retail space not far from Times Square?

Would Macy’s rent back some space?