World News: 13:27 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
Macy's has been pouring money into building up its private label as well as expand its off-price venture, Backstage, by adding 45 more stores this year. The company in February said it would also invest in categories where Macy's enjoyed strong market position such as dresses, jewelry, women's shoes and beauty products. 'Our brick & mortar sales trend improved sequentially in the first quarter, supported by ... Backstage,' Chief executive Officer Jeff Gennette said in a statement.
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.