Is Macy’s Thanksgiving Parade Its Most Valuable Asset? (Update)

Freakonomics Radio • November 27, 2025

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The iconic department store calls the parade its “gift to the nation.” With 30 million TV viewers, it’s also a big moneymaker — at least we think it is: when it comes to parade economics, Macy’s is famously tight-lipped. In this 2024 episode, we try to loosen them up. (Part one of a two-part series.)

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