Macy's is building upon its small-store expansion plans. The company, which has been repositioning its portfolio, will triple the number of small-format locations through 2025.
small-format store expansion,
The news builds on its August announcement when the company said it was opening four small-format locations, which range between 30,000 and 50,000 square feet, about one-fifth the size of its traditional stores, within the Northeast and Western regions. Macy's Chief Financial Officer Adrian Mitchell said the smaller-format stores will be more efficient to operate and help the company ensure long-term viability.
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