Macy's Plots Expansion Through Small Off-Mall Stores
Macy's (NYSE: M) less bad second-quarter earnings has the retailer thinking about expansion again, but it won't be in shopping malls.
The department store chain told analysts yesterday that while it believes top-tier malls will survive, the future is in smaller off-mall locations. Over the next two years it will be opening several Macy's and Bloomingdale's stores in just such formats.
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Source Fool.com
