Macy’s Will Open Up to 30 Stores, as Department Store Looks to Strip Malls as Key Part of Its Future
October 3, 2023
Macy’s has announced plans to open up to 30 smaller stores in strip malls over the next two years, marking a significant shift for the retailer as it seeks to move away from declining shopping malls. These smaller-format stores, about one-fifth the size of traditional locations, offer a more modern, open layout and focus on high convenience in high-traffic areas. This move comes as Macy’s grapples with challenges, including reduced mall foot traffic and changing spending habits among its core customers.
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