Macy's Inc has made significant progress in its buyout discussions by agreeing to open its financial books to Arkhouse Management and Brigade Capital, two investment firms interested in taking over the company, in a deal potentially worth $6.6 billion. This development is seen as a potential breakthrough in the ongoing buyout battle. The decision to grant access to its financials comes amidst news of major retailers, including Macy's, planning to close stores across the US in 2024. The move towards transparency with Arkhouse and Brigade Capital marks a pivotal moment in the negotiations, potentially influencing the future of the iconic US department store chain.