Macy’s last year added Backstage to 45 full-line stores, and with the 37 more this year, there willbe about 300 Backstage in-store departments. There are also six freestanding Backstage stores, and a few more are expected to open this year.
Backstage is part of Macy’s efforts to diversify its brick-and-mortar portfolio, from being mall-based with large department stores, to also having a significant off-mall presence by layering in smaller, specialized formats such as Market by Macy’s, Bloomingdale’s The Outlet, and Bloomies — all of which are part of the Macys Inc. portfolio.
Market by Macy’s, currently with three units in Texas, and two in Atlanta, will also expand to additional markets. The specialty format has branded and private-label fashion, products from local designers and direct-to-consumer brands, food, an apothecary, plants, home items and a café.“Macy’s continues to shift its store fleet to meet the needs of changing consumer behaviors and plans to open additional off-mall locations throughout 2022,” the company said in a statement Tuesday.
Last September, Macy’s Inc. chairman and chief executive officer Jeff Gennette said that the average price of an item at Backstage is $13 to $14, whereas at Macy’s full-line department stores, the average is $35 to $36. At the Bloomingdale’s division, the average price is just under $100.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moscow's claim about firing hypersonic missiles could be more hype, experts sayMilitary experts say the only reason Russian President Putin would resort to using this kind of weaponry against the outgunned Ukrainians at this point would be to score propaganda points. 'If it’s true, why would you need a hypersonic missile fired from not that far away to hit a building?” .... apparently a farmhouse only. NATO 🤔🙏 Laptop update please
Source: NBCNews - 🏆 10. / 86 Read more »
Utahn will face off against Macy Gray, Michael Bolton and Jewel on ‘The American Song Contest’Singer-songwriter Savannah Keyes will be representing Utah in “The American Song Contest,” a new competition show based on the Eurovision Song Contest. Michael Bolton and Jewel What is this, 1995?
Source: sltrib - 🏆 316. / 61 Read more »
Gas price dip is a head fakeA key gasoline contract is signaling more pain at the pump for Americans. Andy Lipow, the president of Lipow Oil Associates, estimates that the rebound of gasoline futures, up over 30 cents per gallon, will end the recent pullback of pump prices. USA Cases-------------Deaths 81,448,402------998,840 from the Trump Virus CA--9,072,268-----88,386 TX--6,702,850-----87,297 FL--5,879,715-------72,767 NY--5,115,045------68,338 PA--2,775,186------44,051 OH--2,666,030----37,068 IL---3,055,636-----37,479 GA--2,483,456-----36,576 When do these electric vehicle pay road taxes? Free rides on gas taxes needs to end! Only time they pay to drive on highways and roads are toll roads. How Russian Disinformation Goes From the Kremlin to QAnon to Fox News
Source: FoxBusiness - 🏆 458. / 53 Read more »
Aluminum rises 5.0% as Australia bans Russian exports over Ukraine invasionAluminum prices remain on the front foot around $3,535, up nearly 5.0% heading into Monday’s European session. Reuters adds futures data for Aluminum
Source: FXStreetNews - 🏆 14. / 72 Read more »
White House decides against sending gas cards to familiesThe White House considered sending gas cards to families to help offset record-high gas prices before eventually deciding it’s not feasible.
Source: AKNewsNow - 🏆 460. / 53 Read more »
Auburn Food Bank offers help to local families amid recent rise in gas pricesThe Auburn Foodbank helps 23,000 families a year, and since gas prices began rising, it's seen more people reach out in need of gas. I heard DoriMonsonShow was there volunteering his services to the unhoused. Psyche‼️
Source: Mynorthwest - 🏆 438. / 53 Read more »