No Comments

Macy’s is Our 2018 Retail Most Valuable Player

Macy’s is Our Wolfe Pack Retail Ratings 2018 Most Valuable Player

 

Macy’s has had a rough last couple of years but they didn’t give up and have fought tooth and nail to make their way back. To do so, the iconic retailer has:

  • Gone all-out with its store-within-a-store concept and partnered with leading digitally-native brands, including Facebook 
  • Hired employees to be influencers
  • Acquired disrupter Story
  • Launched a new partnership with b8ta for a brand-agnostic tech store within its store 
  • Tackled the look-and-feel of its stores and invested approximately $200 million this year on 50 of its best stores to add new lighting, flooring and other fixtures (via CNBC)
  • Diversified into the healthy off-price trend. Macy’s has opened about 165 Backstage stores within its stores. The company reports 2x more shopping trips, with basket sizes up an average of 30%. (via CNBC)
  • Accommodated for omnichanneling by creating BOPIS (Buy Online, Pickup In Store) lines in the hopes customers that pickup their online purchases in-store will also add a few more items to their purchase
  • Updated and upgraded its app and rewards program which now allows non-credit card holders to earn points, and offers other cool things like an augmented reality furniture shopping tool

 

The results seem to be paying off. Macy’s:

  • Expects its mobile sales will reach $1 billion by the end of the year
  • Reduced its debt in the last seven quarters from $6.9 billion to $5.5 billion
  • Has experienced growth at the same-store and company-wide levels (see graphics below)

Sales at Macy’s stores open for at least 12 months (on an owned basis, as a %)

 

(Data source: eMarketer; Graphic: Wolfe Retail Group)

Action Gator Tire - The Village FLPlease Submit your Email to Download.

Advance Auto - Jacksonville FLPlease Submit your Email to Download.

Arbys - Bellevue OHPlease Submit your Email to Download.

Arcadia Crossing - Arcadia FLPlease Submit your Email to Download.

CVS - Poulsbo WAPlease Submit your Email to Download.

Dairy Queen - Hereford TXPlease Submit your Email to Download.

Dollar General - Lakeland FLPlease Submit your Email to Download.

Download FilePlease Submit your Email to Download.

7-Eleven OM Boca Raton, FLPlease Submit your Email to Download.

Family Dollar Fresenius - Memphis TNPlease Submit your Email to Download.

Hallandale Plaza - Hallandale Beach FLPlease Submit your Email to Download.

McDonalds - Brooklyn NYPlease Submit your Email to Download.

Needham Gateway Shops - Needham MAPlease Submit your Email to Download.

OReilly Auto OM - Franklin Park ILPlease Submit your Email to Download.

OReilly Auto OM - Merrillville INPlease Submit your Email to Download.

Panera Bread - Fayetteville NCPlease Submit your Email to Download.

Panera Bread - Garner NCPlease Submit your Email to Download.

Panera Bread - Mesa AZPlease Submit your Email to Download.

Panera Bread - Midlothian VAPlease Submit your Email to Download.

Panera Bread - Suffolk VAPlease Submit your Email to Download.

Panera Bread - Tulsa OKPlease Submit your Email to Download.

Panera Bread - Woodstock ILPlease Submit your Email to Download.

Peter Piper Pizza OM - North Lauderdale FLPlease Submit your Email to Download.

Redevelopment Opportunity - Tallahassee FloridaPlease Submit your Email to Download.

River Region - Jacksonville FLPlease Submit your Email to Download.

Riverview Plaza - Riverview FLPlease Submit your Email to Download.

Sea Fan Plaza - Lauderdale by the Sea FLPlease Submit your Email to Download.

Shoppes on Old Dixie - Vero Beach FLPlease Submit your Email to Download.

Taco Bell - Chiefland FLPlease Submit your Email to Download.

Taco Bell - Hwy 90 - Lake City FLPlease Submit your Email to Download.

Taco Bell - Live Oak FLPlease Submit your Email to Download.

Taco Bell - MacClenny FLPlease Submit your Email to Download.

Taco Bell - Starke FLPlease Submit your Email to Download.

Taco Bell - SW Main - Lake City FLPlease Submit your Email to Download.

Tire Choice - Ocala FLPlease Submit your Email to Download.

Walgreens - Delray Beach FLPlease Submit your Email to Download.

Wendys OM - Zephyrhills FLPlease Submit your Email to Download.