Macy’s, one of the most ubiquitous anchors in U.S. shopping centers and malls, posted a third straight quarterly loss as the pandemic keeps shoppers out of its downtown flagship department stores. As part of a strategy to rethink closed big-box stores, the company turned two into fulfillment centers.
Macy’s Changes Two Stores to Fulfillment Centers as Online Sales Jump
Mall Staple Attributes Quarterly Loss to Reduced Foot Traffic at Major Downtown Flagships
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