Macy`s and L Brands are retreating from the American mall.
In first-quarter earnings commentary this week, the two retailers discussed plans to focus on more off-mall locations.
Macy`s is "continuing to test and expand" its presence away from malls, CEO Jeff Gennette said on a call with investors on Tuesday. The company is opening five new locations away from sprawling malls, including Market by Macy`s, its trendy concept store. ...
In first-quarter earnings commentary this week, the two retailers discussed plans to focus on more off-mall locations.
Macy`s is "continuing to test and expand" its presence away from malls, CEO Jeff Gennette said on a call with investors on Tuesday. The company is opening five new locations away from sprawling malls, including Market by Macy`s, its trendy concept store. ...
- Macy`s and L Brands discussed plans to pivot to more off-mall stores in earnings commentary this week.
- Macy`s has been closing unprofitable mall-based stores and testing new storefronts away from malls, such as Market by Macy`s.
- L Brands said Wednesday that around 47% of its Bath & Body Works stores are now located outside of malls.
RSK: Great video at the end of the article on "The Rise & Fall of The Great American Mall"
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- - Volume: 9 - WEEK: 22 Date: 5/25/2021 6:22:17 AM -