Macy's Inc. (M) will open 68 stores on Monday in states where the lockdown rules have been loosened, Chief Executive Jeff Gennette said in an interview with The Wall Street Journal ( ). The stores will be in Georgia, South Carolina, Oklahoma, Texas and Tennessee and operate with reduced hours. Some are in malls. Another 50 stores will open by May 11, and all of the retailer's 775 stores will be be back in operation in six weeks. Macy's also owns Bloomingdale's and the Bluemercury chain of beauty retailers. Shoppers heading to Macy's can expect a contactless beauty counter, with trials done on a paper diagram, fewer fitting rooms and hand sanitizer at the jewelry counter. Items that have been tried or returned will be held for 24 hours before being placed back on the floor. Workers will also be required to wear masks. Macy's stock rose 1.3% in Thursday premarket trading but has plunged 74.2% over the last year. The S&P 500 index has slipped 0.2% for the past 12 months.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 30, 2020 07:25 ET (11:25 GMT)
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