- Macy's (NYSE:M) will form a team to explore starting an off-price business.
- An entry by the department store chain into the segment could be a disrupter due to Macy's scale and reach.
- Companies with an eye on the development include TJX Companies (NYSE:TJX), Nordstrom (NYSE:JWN), and Ross Stores (NASDAQ:ROST).
- Previously: Macy's to restructure; holiday comp +2.7% (Jan. 08 2015)
- M -2.7% premarket.