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"If your store is too big and your dollars per square feet are too low and you can't lease the space to someone else, then you've got to hive off a floor," Macy's chief executive Jeff Gennette told the Wall Street Journal.
Gennette said shoppers don’t want to trek around a 200,000 square-foot store to find what they need.
Other retailers like Target and Sam’s Club have started testing small-format stores as consumer shopping habits change to favor convenience and online shopping.
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