Captn_Ag05 said:Should we view this as 1) good news that Macy's is investing in the store or 2) concern that this is a last ditch effort to improve sales?techno-ag said:
http://www.theeagle.com/news/local/macy-s-to-celebrate-new-discount-outlet-at-post-oak/article_786a7652-74bc-55f7-952e-4e39c964d1cd.amp.htmlQuote:
The new Macy's Backstage will open at 9 a.m. within Macy's. The store is described by the retailer as a cross between and outlet and a department store, with a smaller format designed to highlight new products and the best deals.
Prices on the merchandise will be 20 percent to 80 percent off comparable department store prices, the retailer said in a news release announcing the venture.
It smells of last ditch effort.