🧵 1. Macy's plans to open up to 30 smaller stores in strip malls, targeting customers outside dying malls and into busy suburbs.'sExpansion #business
🧵 1. Macy's plans to open up to 30 smaller stores in strip malls, targeting customers outside dying malls and into busy suburbs.'sExpansion #business
Not sure what people have against malls. They are climate controlled and offer more choices than a typical strip mall. Of course, I don't do much shopping at Macy's either way.
🧵 5. With challenging market conditions, Macy's aims to adapt to consumer demand and compete with other retailers.
🧵 3. Macy's off-mall stores have performed better than its traditional stores, with higher customer satisfaction ratings.
🧵 Read more at: https://www.cnbc.com/2023/10/03/macys-to-open-up-to-30-new-stores-in-strip-malls.html
🧵 4. Comparable sales growth in Macy's small-format stores outperformed the company's overall sales decline in the last two quarters.
🧵 2. These new small-format stores will offer a slimmed-down merchandise mix, local events, and a modern look.
thanks for sharing