Macy’s Inc. builds on brands and centralises supply chain
After announcing that it would close approximately 125 stores in February (out of a total of 870), Macy’s Inc. is banking on a stand-alone format for Macy’s and Bloomingdale’s. “Over the next two years, we will be opening several small Macy’s formats outside of a mall. We will also test a small format outside a mall for Bloomingdale’s,” explained Jeff Gennette, C.E.O. of Macy’s Inc. to Goldman Sachs analysts.