Macy’s, one of the biggest department store chains in the United States, announced an ambitious plan on Thursday to reopen all of its 775 locations, including Bloomingdales and Bluemercury, in the next six to eight weeks, the latest sign of how eager the nation’s largest retailers are to return to business.
The reopening plan will start on Monday with 68 stores in Georgia, Oklahoma, South Carolina, Tennessee and Texas. Macy’s will reopen another 50 locations on May 11. Macy’s temporarily closed its stores on March 18 because of the coronavirus pandemic, causing the majority of its sales to disappear.
Macy’s expects that its reopened stores will only bring in about 15 to 20 percent of their typical business at first and “slowly build” from there, the company’s chief executive, Jeff Gennette, said during a presentation. He acknowledged that it was an open question as to whether shoppers would return.
Source: Macy’s Plans to Reopen All of Its 775 Stores in 6 to 8 Weeks – The New York Times
