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- Macy's Inc (NYSE:M) will open four new off-mall, small-format stores in 2022 fall as part of its Polaris strategy.
- The locations will include Market by Macy's and the first-ever dual Market by Macy's and Macy's Backstage off-price locations.
- The company focuses on repositioning its physical store footprint through its Polaris strategy.
- Macy's has decided to close its Chesterfield location and replace it with the new Market by Macy's near Chesterfield Commons.
- By the end of 2022, Macy's plans to expand Market by Macy's to eight total locations.
- Price Action: M shares are trading higher by 1.10% at $18.36 on the last check Wednesday.
- Photo Via Company
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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