Retail Dive

Macy's
Backstage build-out this year is a significant expansion into the
off-price business. It would nearly double the locations Macy's had
going into the fiscal year, and the investment represents a sizable
chunk of more than $1 billion planned capital expenditures, the company
said in its latest 10-K.
To Macy's, Backstage represents not just
an entry into a hot off-price sector — one that has been stealing
significant market share from department stores and appears poised to do
more of the same. It's also a chance for the retailer to make its
stores more productive. . . .
more
No comments:
Post a Comment