Macy's looks for big growth from smaller stores

Macy's inc. is stepping up the pace at which it rolls out smaller standalone department stores at its namesake and Bloomingdale's chains. The retailer has identified off-mall locations as a key market opportunity. The company has opened five Market by Macy's locations over the past two years in Atlanta and Texas. The stores measure between 22,000 to 58,000 square feet.