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Macy's Finally Embraces New Retail Premise, But Is It Too Late? [The Motley Fool]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: The Motley Fool
Struggling department store chain Macy's ( NYSE:M That's the pessimistic case anyway. Macy's executives are obviously more optimistic, with CEO Jeff Gennette explaining that "Market by Macy's will play an important role in our off-mall expansion" announced in February. The company wants to shutter mall-based stores It might work, or it might miss the mark. Mostly though, with only a handful of stores of this type reportedly planned to open this year, it might be too late to matter. Image source: Getty Images. Market by Macy's is everything Macy's isn't If the idea rings a bell, it may be because Nordstrom NYSE:JWN consumers engaged ticket sizes more than twice the size of Nordstrom's norm Macy's isn't Nordstrom though, and won't likely be a threat to Nordstrom's strategy for a while -- if it ever is -- for a handful of different reasons. One of those reasons is that there's only one Market by Macy's location up and running right now, in Southlake, Texas. The company confirmed it would Show less Read more
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