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1 page/β‰ˆ275 words
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1 Source
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Macy's is Betting Even Bigger on Smaller Stores

Essay Instructions:

STEPS:
1. Read through the article, Macy's Is Betting Even Bigger on Smaller Stores by Kate King
2. Respond to the questions below in an essay format (no bullet points). You can number your responses. Make sure and answer each question with full sentences. In addition to the article, include a minimum of one other reference that supports your responses to the question.
3. All written assignments should be in Microsoft Word, typed in a minimum of 12 point font, double spaced and in narrative format unless otherwise stated.
For this written assignment, follow APA (American Psychological Association) guidelines for style. To identify academic integrity issues, all assignments are submitted via Safe Assign in Blackboard. It is the student’s responsibility to view their Safe Assign report. Students are not allowed to submit their assignments via email.
If you quote, paraphrase or summarize information from the article, it must be cited both in text and end references. Use outside research to support your perspective, position and responses to the questions.
SUMMARY: Macy’s Inc. is accelerating its rollout of smaller department stores, betting that it can attract more shoppers with fewer products and more digital services at stores closer to where customers run their daily errands.
QUESTIONS:
1. Describe what a 'Market by Macy's' store is like and how it's different from a traditional Macy's store.
2. In what type of locations are Market by Macy's stores located? Why?
3. Describe some of the primary features and benefits (to shoppers) that a Market by Macy's store offers.
4. Why does Brandon Isner from CBRE Group describe open-air shopping centers as the 'backbone of retail over the last five to 10 years"?
5. Besides Macy's and other department stores, are there any other retailers you would suggest who should consider smaller-footprint stores? Explain.

Essay Sample Content Preview:

Week 2 Case Study: Macy’s Market Stores
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QUESTIONS:
 
1 Describe what a 'Market by Macy's store is like and how it's different from a traditional Macy's store.
The Market by Macy's store is thriving in contrast to the traditional classic Macy's department stores, closing down due to their poor performance (King, 2022). Smaller department stores provide their consumers with digital services, including an online shopping platform with a constantly updated inventory of fashionable goods and a sizable user base. 
2 In what type of locations are Market by Macy's stores located? Why?
Macy's stores market are enclosed, whereby Customers can purchase from home and avoid the sluggish foot traffic in the malls. Online shoppers can pick up their purchases at pickup locations. They are simpler for clients to reach because they are closer to where they perform their errands. For its patrons, small department stores lessen foot traffic.
3 Describe some of the primary features and benefits (to shoppers) that a Market by Macy's store offers.
In New York Times Square, a new store called Macy's Market by Macy's has opened. The provision of locations for customers to pick up and return things purchased online or from other stores is a primary priority for the company (King, 2022). The shops are situated in "power centers," shopp...
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