NYSE:MMultiline Retail
Does Macy's Store Upgrades and New Distribution Center Shift the Bull Case For Macy's (M)?
Macy's recently continued its turnaround efforts by closing weaker stores, upgrading key locations such as its Chicago flagship, and opening a new North Carolina distribution center to improve holiday e-commerce delivery cut-offs.
By sharpening its focus on upper-income shoppers through Bloomingdale's and Bluemercury while refreshing in-store service and presentation, Macy's appears to be leaning harder into higher-value customers that could reshape its sales mix.
We’ll now explore how the...