Small-format, off-price stores added to first round of Macy’s closures

Quick Summary:

The 66 locations slated to shutter span 22 states and many are mall anchors, according to a list released Thursday.

Many of the first 66 Macy's locations to close are mall anchors, part of a major downsizing announced early last year.

Macy’s launched Backstage about a decade ago and saw expanding the off-price operation as a way to grow and more effectively leverage its real estate.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Off-price Anchors Locations Part Thursday Company List Stores Macy’s Mall Small-format

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 12:43:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 25045845

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