People walk along 34th street in front of the Macy's Herald Square department store on May 6 in New York. Macy’s is sitting on real estate that is more valuable than the company itself.
Mandatory Credit:	Gary Hershorn/Getty Images via CNN Newsource

People walk along 34th street in front of the Macy's Herald Square department store on May 6 in New York. Macy’s is sitting on real estate that is more valuable than the company itself.
Mandatory Credit: Gary Hershorn/Getty Images via CNN Newsource

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Macy’s is in deep trouble. It could be sitting on a gold mine

Macy’s would be more valuable if it just shut down its business and sold everything off for parts.