Macy's Plans Four New Off-Mall, Small-Format Stores In Fall 2022

Macy's Inc M will open four new off-mall, small-format stores in 2022 fall as part of its Polaris strategy.
The locations will include Market by Macy's and the first-ever dual Market by Macy's and Macy's Backstage off-price locations.
The company focuses on repositioning its physical store footprint through its Polaris strategy.
Macy's has decided to close its Chesterfield location and replace it with the new Market by Macy's near Chesterfield Commons.
By the end of 2022, Macy's plans to expand Market by Macy's to eight total locations.
Price Action: M shares are trading higher by 1.10% at $18.36 on the last check Wednesday.
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