In this episode, Chris Walton and Anne Mezzenga discuss Macy’s recent announcement to close 66 stores, including small-format and off-price locations. What does this mean for Macy’s future, and can the department store giant find a new path to growth under Tony Spring’s leadership?
Key Moments:
[00:00] Macy’s announces 66 store closures, including small-format locations.
[00:40] Why Macy’s small-format strategy struggled to gain traction.
[01:10] Chris and Anne’s take on the risks of relying on pilot programs for growth.
[01:40] Concerns over Macy’s long-term viability in the department store sector.
[02:10] Why focusing on 50 flagship stores could be a double-edged sword.
[02:50] Final thoughts: Is this the beginning of the end for department stores?
#retailnews #macys #retailtrends
