: Macy’s to open up to 30 small-format stores through 2025

Macy’s Inc. said Tuesday it’s planning to open up to 30 small-format stores through fall of 2025, that will add to the nearly 15 small-format Macy’s and Bloomingdale’s locations it currently operates. “Paired with a premier digital experience, these small-format stores enhance the company’s store portfolio with a mix of the best on- and off-mall locations, to deliver a seamless shopping experience across channels,” the department store chain said in a statement. The stores are about one-fifth the size of regular stores and offer a localized selection of goods. The stock M has fallen 44% in the year to date, while the S&P 500 SPX has gained 11.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.