Alex Sevastianos’ Post

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BS Senior @ UIUC | Consumer Economics and Finance

New CEO of Macy's, Tony Spring, plans to refresh the business with these strategic changes: -Close 30% of underperforming Macy's stores (150 out of 500) within 3 years -Focus on enhancing remaining stores and expanding smaller chains (namely Bloomingdale's & Bluemercury) Enhance customer preferences: -Scale down size of Macy's stores (30,000-50,000 sq ft) -Expand private label offerings -Less cluttered spaces and more attentive service -Optimize clothing presentations and more mannequins Do you think these strategies will be effective? Please share your thoughts! #commericalrealestate #wsj #therealdeal #cre #realestate #finance

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Justin Schmidt

VP of Marketing | Digital Marketing, Leadership | B2B, B2C, & Digital Media

8mo

It will come with many lost jobs and potentially some empty commercial real estate that might take a while to get used again. That said, they have to do _something_ and honestly, I could see this blueprint being something we see for a lot of big-box retail.

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Natalie Belloff

Associate, Retail Brokerage at Jones Lang LaSalle

8mo

Great piece! I love that you are sharing your insights into the industry, espically retail!!

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