Discount stores

Macy’s “Backstage” discount stores to open soon to boost sales

Legendary Macy’s department store cuts nearly 5,000 jobs and closes 40 stores in 21 states after reporting disappointing holiday sales. Sales in November and December fell almost 5% from 2014. Under pressure to sell real estate, Macy’s opened branches of its discount stores, “Macy’s Backstage”, inside their traditional stores in the hope of attracting customers. […]