Retail News

Macy’s plans to save up to $550M a year with targeted promos

Reuters 09/05/2019

Macy’s has been focusing on remodeling stores and has found it needed to discount merchandise to clear inventory. Going forward, the chain plans to run more targeted promotions, which will help it sell goods at higher margins. Macy’s expects to save between $400 million and $550 million a year by running more precise promotions.

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