Complex sentence: Burdines was shuttered in 2003, as Federated Department Stores (now Macy's, Inc.), the owners of the Macy's chain, consolidated all its nameplates into the Macy's brand; in March 2006, Nordstrom opened on the former Burdines site.
Split into simpler sentences: Burdines was shuttered in 2003, as Federated Department Stores (now Macy's, Inc.), the owners of the Macy's chain, consolidated all its nameplates into the Macy's brand. In March 2006, Nordstrom opened on the former Burdines site.