Posts Tagged ‘retailer’

I am happy that Macy’s will follow my advice and keep off price within the main store.

Monday, November 16th, 2015

I am glad that Macy’s took my advice in my blog and linkedin post. Stay true to your core customer and moving off price to a remote locations is not a good idea for a multitude of reasons.
The thought to lead your core customer out the door and down the street to an off price location was against all retail principles.
Now to provide an area in the store where price driven shoppers who want branded items ( Marshal’s customer and TJX ) will appreciate this option. And most probably while in the store will pick up a few full price items as well.
The logistics to get vendors to buy into selling Macy’s closeout items over the Marshall’s volume potential due to the bulk of their locations would have been interesting.
Now Macy’s does not need to worry about filling an off price store off location with product similar to Target or Walmart due to price point restrictions. Another battle Macy’s would not win nor set up to wage.
I like this new reversal and believe it will be a winner.