Macy's Will Begin Reopening Stores Monday

 

Macy’s will begin to open its U.S department stores in approximately 6 to 8 weeks, according to its Chief Executive Jeff Gennette.

 

The decision to reopen stores comes after several states have altered COVID-19 lockdown orders and lifted their stay-at-home order, intended to slow down the spread of the coronavirus.

 

Macy’s will begin with opening 68 stores throughout Georgia, Oklahoma, South Carolina, Tennessee and Texas on Monday, May 4. The second wave will take place on May 11 with the reopening of 50 stores.

 

Macy’s is the first of major retailers to reopen its stores since the start of the pandemic. The company has 775 stores nationwide including Bloomingdales, Bluemercury and its Herald Square flagship store.

 

The department store giant is one of many major retailers struggling with sales in the age of online shopping which has resulted in less people shopping in-store. Prior to the March shutdown caused by the COVID-19 pandemic, Macy’s closed approximately 125 stores.

 

Macy’s is expecting the reopening of stores to bring in 20 percent of its business revenue.

 

 

 

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