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

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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