Will Macy’s New Retail Strategy Pay Off?

The departmental store chain Macy’s (M) is retreating from the mall as it shifts to operate smaller footprint locations. In February 2020, it announced the plan to close hundreds of mall locations in favor of small-format outlets. The retailer is now accelerating that plan with a goal of opening nine smaller locations by the end of 2022. In this video, we will discuss Macy’s new retail strategy and where it fits. At the end of the video, we will see how Macy’s stock is doing this year and how it has done over the past year. Moreover, we will look at what Wall Street thinks about Macy’s stock now.