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Macy's is getting into the clothing subscription and resale businesses

Macy's is getting into the clothing subscription and resale businesses

14.8.2019

Macy's is getting into the clothing subscription and resale businesses

Macy's said it started a pilot this month with resale marketplace ThredUp at 40 Macy's stores across the country.

Macy's said Wednesday it's dipping its toes into both the clothing subscription and apparel resale businesses.

The department store operator said it started a pilot this month with resale marketplace ThredUp at 40 Macy's stores across the country.

, and it cut its forecast for the year. Shares fell more than 17% Wednesday morning, hitting a 52-week low. The company's results were hurt as it was forced to markdown merchandise during the spring to clear out inventories.

Gennette said: "Learning from Bloomingdale's will inform the development of a similar rental service at Macy's in the near future."

Read more: CNBC
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