Find in the news:
BY COUNTRY

Macy's opens small stores outside malls



A new "Market by Macy's" store will open in Evergreen Park, Illinois, just outside Chicago
Macy's Herald Square

U.S. luxury department store chain Macy's continues to look for ways to expand its network of small format stores. The company is moving away from classic shopping centers, seeking to open outlets in the format of street retail.

For example, a "Market by Macy's" store will open in Evergreen Park, Illinois, outside of Chicago, in the fall of 2022. Earlier, the retailer announced the launch of three new-format stores and one Backstage-branded store.

"Market by Macy's" will also replace the full-size department store at Chesterfield Commons in St. Louis, which the retailer decided to abandon earlier this year. In addition, another small-format store is scheduled to open at Johns Creek Town Center in Suwanee, Georgia.

"We want to be convenient and we want to make it easy,” Marc Mastronardi, Macy’s chief stores officer, said in an interview. “Customer behavior just keeps changing. And the more that we have the agility as an organization to shift and react, this feels like the next natural evolution."

Market by Macy's

The retailer is developing a new retail concept, "Market by Macy's," beginning in 2020 as part of 'Polaris' updated strategy. The first opening in Texas came in the midst of a pandemic that threatened employee layoffs and the temporary closure of thousands of stores across the country. The next Market by Macy's launch had to wait nearly a year. And today, the retailer is finally ready to announce a larger expansion of the new format. By the end of the year, the total number of stores will reach eight.

"Market by Macy's" will open in top pedestrian locations rather than located within shopping malls. The assortment of retail outlets includes goods in line with the latest fashion trends.

Macy's to Close 125 more Department Stores

Retail experts note that "opening more smaller formats is a sensible move for Macy’s and there are many advantages to the strategy". Ultimately, however, there is "no evidence that what they’re doing is needed nor that it will be competitive, either in merchandising or pricing". After all, in recent years, every attempt by Macy's to create a new smaller retail format has ended in failure.

Opening stores in small formats is something of a trend in American retail in recent years. Other major companies experimenting with formats include Gap to Nordstrom. And retailer Kohl's has already announced plans to open 100 small outlets within four years. As for Macy's, the retailer last year also opened its first greatly reduced Bloomingdale's, called Bloomie's.

More about shopping malls in the USA



YESTERDAY:
The new COS collections will be available at Nordstrom in the United States and Breuninger in Germany.
YESTERDAY, Hong Kong:
Swarovski unveiled an improved retail concept called New Retail Landscape.
DAY BEFORE YESTERDAY, United Arab Emirates:
The auditorium will have 382 seats - standard, premium and director's boxes.
Aug 16, 2022, India:
Ingka Centres has announced the start of a project to build the first meeting place in India.
Aug 16, 2022, China:
The luxury retailer's two-level flagship is located in Wuhan Plaza 66.
Aug 12, 2022, United Kingdom:
The opening in pedestrian Leicester Square in West London is timed to celebrate the 90th anniversary of the Scandinavian brand.
Friend
and Follow
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us