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Could Macy’s Ambitious New Growth Plan Turn This Ship Around?

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

On Tuesday, Macy’s Inc. announced plans to close 125 stores, trim thousands of jobs and expand deeper into the off-price channel. The changes are part of a new three-year strategic plan that also eliminates its Cincinnati headquarters in favor of offices in New York City. Macy’s said it will develop four high-margin, private-label power brands, each capable of…

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