Macy's is doubling down on testing off-mall, smaller format stores.
"Over the next two years, we will open several smaller format off-mall Macy's, and we will test a smaller format off-mall Bloomingdale's," Jeff Gennette, chairman and CEO of Macy's, said in the company's Q2 2020 earning's call.
Earlier in the year, Gennette shared that every off-mall Macy's store would have pick up and returns. But this week, the company announced that it would be testing a smaller format for Bloomingdale's, which will be launched in the fourth quarter of 2021.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
