We know that the downtown Macy's will shrink from its current seven floors to just three floors in the near future to help ensure that the store remains viable.
What we don't know yet is the specifics of the plans for the store.
Will the charming Papa Fabares restaurant on the second floor be retained? What about the St. Louis Room? Or the candy counter by the Olive entrance? Hopefully the store will still retain some of its unique features that make shopping downtown a different experience than shopping at a suburban store.
One interesting tidbit: Jerry Berger reports that Macy's is "refreshing" (and re-thinking) its offerings at the downtown store, possibly adding a department featuring fashions from local designer.