Macy’s Gets Ready To Open Its Doors: 68 Stores Set To Re-Open Monday
After closing all of its stores in mid-March because of the COVID-19 pandemic, Macy’s (M) is now reportedly getting ready to re-open 68 stores on Monday, and all of its stores within the next six weeks.
The stores that will re-open Monday are located in states where the coronavirus stay-at-home orders have been relaxed, with another 50 stores set to resume operations by May 11, CNBC reported.
Macy’s, which also owns Bloomingdale’s and Bluemercury stores, told the news outlet the locations will have reduced hours from 11 a.m. to 7 a.m., enforce social distancing. Workers will also reportedly have their temperatures taken upon arrival and will be required to wear face masks.
The company will also limit the number of fitting rooms open at any one time, and hold returns for 24 hours, as well as tried on apparel, before putting them back on the rack for sale again, the news outlet said.
About a quarter of Macy’s stores are located in Simon Property Group-owned malls, which announced that 49 malls and outlet centers would re-open, beginning on Friday.
The re-opening of stores may be the reprieve that Macy’s needs as sales dropped, with only about 20 stores offering curbside pickup. The department store retailer drew $1.5 billion from its revolving credit facility in mid-March and furloughed the majority of its 130,000 workers around the same time.
A spokesperson for the retailer told the news outlet that Macy’s plans to all have 775 stores re-opened in six weeks, should the COVID-19 virus decrease, and local governments allow stores to operate again.
Shares of Macy's stock were downm 2.64% as of 2:16 p.m. EDT on Thursday.
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