If you shop at Macy, prepare for this major change
The department store chain made movements in 2022.
For more than 150 years, Macy's has been one of the most emblematic names inbig store Game. But at the end of 2021, Macy's loyal customers received potentially overwhelming news: the company announced that it wasPlanning to close 125 stores in the coming years, with 60 closures scheduled for only 2022. This is not the only change that Macy's should initiate this year, however. Read the rest to discover what the iconic main store chain has in store for you.
Read this then:This popular clothing chain has just announced that it closes 240 stores.
Buyers regularly moved away from major interior shopping centers.
The trends in the retail space have changed considerably in recent years. Buyershave moved Des grands centres commerciaux de l'intérieur et ont plutôt déplacé leur attention vers les petits centres de banlieue, comme les centres de magasinage et les moulins à bande, des épiceries,Wall Street's journalreported.Brandon Isner, the chief of the retail Americas for retail at CBRE Group Inc., told the newspaper that these centers have become "The backbone of retail in the past five to 10 years. ""
According to CRE, retail availability in shopping centers and bands has increased from almost 13% in 2012 to less than 8% now, indicating a clear image of the number of retailers has turned the opening stores in these young Centers. On the other hand, availability in interior shopping centers has increased over the years while retailers have come closer to it.
Macy's started to experiment with smaller stores accordingly in 2020.
The Mass Mall exodus has only accelerated. According toWall Street's journal, the rise in online purchases and the migration of the millennium to the suburbs helped the fall of shopping centers, but the pandemic has considerably exacerbated the change. In order to avoid serious repercussions of the decline in shopping centers, Macy's began to open smaller department stores in 2020, according toWall Street's journal. Nicknamed market by Macy's, stores are only 22,000 to 58,000 square feet, which makes them approximately a fifth of the original chain locations.AE0FCC31AE342FD3A1346EBB1F342FCB
"This is the Macy you know and like - JustA smaller version, "Macy's explains on his website." Packed with practical services, fun events and the latest trends, each store is designed to make shopping fast and easy.
For more information on the retail trade delivered directly in your reception box,Register for our daily newsletter.
This store format has already started to attract new buyers to Macy.
Macy's has opened five markets by Macy's locations in the past two years in Atlanta, Georgia, and throughout Texas - and the results seem promising.CHUCK DIGIOVANNA, The head of real estate of Macy, saysWall Street's journal This has not only managed to attract new and existing customers, but market sales by Macy for the fourth quarter of 2021 exceeded the company's expectations. The smaller store format has also brought new customers to a higher rate than Macy's regular department stores, added Digiovanna.
The company plans to open more smaller stores this year.
Following the positive feedback from buyers, Macy's decided to accelerate its deployment of small stores, according toWall Street's journal. The company now plans to add 10 additional spaces outside the shopping center, which will include the Macy's Shops market, as well as other smaller companies for the company such as Macy's Backstage, Bloombie's and Bloomingdale's Outlets.
"There are so many people working at home, these suburban electricity centers have been really strong," said DigiovannaWall Street's journal. "But we are heading in this direction anyway."
Read this then:If you shop at Walmart, prepare for these major changes.
