Macy’s Plans to Triple Small-Format Store Count by Late 2025

Macy’s Inc. will open 30 new small-format stores by the fall of 2025 as it works to expand its presence outside of traditional malls.

Macy’s already operates small-store locations in markets such as Dallas, Atlanta, St. Louis and Chicago, and it announced four new ones in August. The department store chain will have 15 smaller stores across the Macy’s and Bloomingdale’s brands, which are about a fifth of the size of a typical mall-based store, by the end of the year. The 30 new stores will begin opening in 2024 with locations to be announced.

So far, the smaller ...