Macy's announces ambitious plan to reopen 775 stores in 6 to 8 weeks


More than a month after all of its stores were closed due to the coronavirus pandemic, Macy's announced on Thursday it plans on reopening each one within the next six to eight weeks.
Macy's is one of the largest department store chains in the United States, and its goal is to reopen 775 Macy's, Bloomingdale's, and Bluemercury stores, starting with 68 stores in Georgia, Oklahoma, South Carolina, Tennessee, and Texas on Monday.
Macy's CEO Jeff Gennette said the company expects these reopened stores to initially bring in 15 to 20 percent of their usual business, and will "slowly build" from there, The New York Times reports. The big question is whether shoppers will show up. "We'll see how they respond, and based on that, we'll be a lot smarter," he said. Gennette also said April sales were "stronger than we expected," but Macy's cannot handle all of its stores being closed for an extended period of time.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
There will be social distancing guidelines at the stores, and employees will have to wear masks. Beauty counters will not be able to give consultations or have testers out, and a limited number of fitting rooms will be open. At least temporarily, there will be no bra fittings or alteration or ear piercing services, and shoppers will have to use hand sanitizer before trying on jewelry or watches.
Macy's has furloughed 123,000 employees amid the pandemic. Stuart Appelbaum, president of the Retail, Wholesale, and Department Store Union, told the Times that some union members "have worked for Macy's for three or four decades, and it is their lives that will be put on the line. We have asked for information on how they intend to protect their employees and they have provided us with none. I am stupefied by their behavior."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year