Thanks for Visiting!

Register for free to get the full story.

Sign Up
Already have a Placer.ai account? Log In
Back to The Anchor

Macy's: Off-Mall, Small-Format Strategy Accelerates

RJ Hottovy
Jul 22, 2022
Macy's: Off-Mall, Small-Format Strategy Accelerates

Key Macy's Metrics

We’ve written previously about Market by Macy’s and its early-stage success and about the need for the company to have a physical presence to drive its digital business. As such, Macy’s plans to accelerate its Market by Macy’s footprint isn’t a surprise, with four openings on the docket for the fall. New properties targeted for expansion locations include: (1) Johns Creek Town Center in Georgia; (2) Chesterfield Commons in St. Louis; and (3) Evergreen Park in Illinois. Market by Macy's visit per location trends have outperformed comparable periods the past two quarters (below). With the announcement came the news that the Macy’s Chesterfield store will be closing.

Overall, Macy’s experienced a weaker June and July (below), which we suspect may have to do with the robust travel period that we wrote about last week and in the economics section this week.

Schedule a Call

Required
Please enter your email
Required
Required

Thanks for reaching out!

I’ll be in touch soon

Go Back
Oops! Something went wrong while submitting the form.

RJ Hottovy

Head of Analytical Research, Placer.ai

R.J. Hottovy, CFA has covered the restaurant, retail, and e-commerce sectors for nearly 20 years as an equity analyst and strategist for Morningstar, William Blair & Co., and Deutsche Bank.

R.J. also brings a wealth of experience with early-stage investments as an investment committee member for the IrishAngels / Vitalize venture capital group. Over the past three years, he has advised over 50 foodservice and foodservice tech companies on more than $200 million in early-stage capital raises and M&A transactions.

Schedule a Call
Related Articles