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March 22, 2022, 10:30 a.m. EDT

Macy's to add 37 off-price Backstage store-in-store locations by June

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By Tonya Garcia

M

Macy's Inc. /zigman2/quotes/201854387/composite M -3.88% said Tuesday that it will add 37 Backstage store-in-store locations by June 2022. Backstage is the department store retailer's off-price banner. The new Backstage shops will start rolling out on April 9 and will range in size from 11,000 square feet to 16,000 square feet. Macy's State Street in Chicago and Herald Square in New York City will each get a Backstage shop. Macy's stock is up 2.4% in early Tuesday trading, and has rallied 54.2% over the last year.

/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 18.10
-0.73 -3.88%
Volume: 1.42M
June 30, 2022 10:12a
P/E Ratio
3.41
Dividend Yield
3.51%
Market Cap
$5.08 billion
Rev. per Employee
$292,211
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