Macy’s CEO: $10B in sales up for grabs because of retail bankruptcies

  • “We see there’s about $10 billion worth of opportunity that’s up for grabs right now based on on what’s going on with the competitive climate,” CEO Jeff Gennette said.
  • Already during the pandemic, department store chains Neiman Marcus, Stage Stores and J.C. Penney have filed for bankruptcy protection.
  • Pier 1 Imports is winding down its business. Stage Stores could liquidate as well.

Source: Macy’s CEO: $10B in sales up for grabs because of retail bankruptcies

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