What Are the Challenges Ahead for Macy's?

The transcript discusses Macy's current challenges and strategic plans, including real estate spinoffs, sales improvement, and store closures. Traffic in malls is a significant issue, with Macy's needing to attract more customers. The company is testing a discount store concept, but concerns about cannibalizing flagship stores remain. Consumer spending trends show a shift away from apparel and electronics towards home and furniture, prompting Macy's to adjust its offerings.

What role do off-price stores play in Macy's overall strategy?

In what ways is Macy's adapting to changes in consumer spending habits?