Is the future of department stores off-price? Macy’s Backstage opens in TampaReading Time: 1 minute
It’s no surprise that traditional brick-and-mortar stores have had it rough with the emergence of online retailers. However, off-price retail has been a consistent bright spot for retailers. With the prevalence of off-price retail stores like Macy’s Backstage, TJ Maxx and Marshalls, William R. Hough Faculty Fellow Dr. Anuj Kumar wonders if off-price retail might do more harm than good to regularly priced merchandise in this article from the Tampa Bay Times.