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Macy’s Expands Into Pets, Hair Care And Gourmet Food To Gain New Shoppers

Macy’s said it has begun investing in new categories for the business — including toys, health and wellness, pets and home decor. When Americans began scouring the web last March for office supplies and toys to entertain kids at home, the department store chain wasn’t nearly as prepared as it wanted to be. “Customers have signaled for us where we’ve failed searches,” CEO Jeff Gennette said.

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Store closures decline for the first time in 2021

For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research. The firm tracked 4,626 closures so far this year, 5.7% fewer than last