JOURNAL ARTICLE

Macy's to Triple Small-Format Store Count in Move Away from Malls.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Rockeman, Olivia 3 of 3

Abstract

(Bloomberg) -- Macy's Inc. will open 30 new small-format stores by the fall of 2025 as it works to expand its presence outside of traditional malls. Our focus is on "healthy on-mall and off-mall stores and a strong digital business", Marc Mastronardi, Macy's chief stores officer, said in an interview. The department store chain will have 15 smaller stores across the Macy's and Bloomingdale's brands, which are about a fifth of the size of a typical mall-based store, by the end of the year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/10, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2023
  • Accession Number:172748976
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