April 30, 2020 / 12:05 PM / a month ago

Macy's reopens stores, targets all within six weeks -WSJ

April 30 (Reuters) - Macy’s Inc plans to reopen 68 stores on Monday in U.S. states that have loosened coronavirus lockdowns, the Wall Street Journal reported on Thursday, as more retailers sought to get business going after a crushing month of closures.

The newspaper reported Macy’s Chief Executive Jeff Gennette as saying in an interview that he expected to have all of the company’s roughly 775 stores reopened in six weeks, if infection rates taper off as projected and state and local governments allow it.

The next batch of roughly 50 stores is scheduled to reopen May 11, it said.

The report follows moves by other major retailers judged “non-essential” in the crisis to get business at their physical stores going again, albeit slowly and with restrictions in place.

Coach handbag maker Tapestry Inc also said on Thursday it would start reopening some stores in North America, as it tries to recover from the sales damage caused by the lockdowns.

Macy’s did not immediately respond to Reuters request for comment. (Reporting by Patrick Graham and Saumya Sibi Joseph; Editing by Saumyadeb Chakrabarty)

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