Macy's is betting malls will make it, but only the best malls, so it's looking to grow elsewhere.
"We continue to believe that the best malls in the country will thrive," CEO Jeff Gennette told analysts Wednesday. "However, we also know that Macy's and Bloomingdale's have high potential [off]-mall and in smaller formats."
He said the department store chain is planning to test several smaller Macy's stores outside of malls, as well as a Bloomingdale's store off-mall. It is also still looking to grow its off-price business through Macy's Backstage.
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4 comments:
They're to high for me, for what you get.
Between Bezos and the rioting idiots, it's like a double hit on these American Icons.
I don't understand why some malls make it and others don't. UTC in southwest Florida is beautiful and has it all. There are others. Seems like strip malls are not doing well.
Some people probably care about Macy
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