Around the Net
Macy's Wants Growth Beyond Department Stores
- Cincinnati Enquirer, Tuesday, March 3, 2015 9:16 AM
Department stores’ share of total U.S. general merchandise, apparel, accessories and furniture sales have been cut by more than half over the last two decades. Cincinnati-based retailer Macy’s is looking for ways to stay ahead of the game. The company plans to acquire a beauty and spa retailer. It also is looking into an off-price concept along the lines of Nordstrom Rack. And there are plans for stores in the Middle East and other markets. Analysts agree the company needs to look at ways to diversify.
