Macy's to Open Dozens of Smaller Stores by 2025 to Compete with Rivals and Boost Efficiency
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Macy's plans to open up to 30 small-format stores by fall 2025, following its recent announcement to open 4 new small stores.
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The small stores range from 30,000 - 50,000 sq ft, about 1/5 the size of traditional Macy's stores.
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The smaller stores will help Macy's compete with other retailers adding small-format locations, be more efficient to operate, and support long-term growth.
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The small format stores have a curated selection of merchandise including Macy's private brands.
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The expansion builds on nearly 15 existing Macy's and Bloomingdale's small-format stores, with more planned by end of 2023.