Off-pricers in big expansion push

Forget about online. The biggest threat to Macy’s and other department store retailers is coming from bricks-and-mortar.



Speaking at a recent conference in New York City, Macy's CFO Karen Hoguet said off-price retailers have proven a bigger long-term challenge to the company than the Internet, CNBC reported.



Three leading off-price brands — TJX Cos., Burlington and Ross — plan to open a combined total of nearly 300 U.S. stores this year, according to the report.



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