aims to grow its private-label and private-brands business to represent
40 percent of the retailer's overall merchandise mix, according to CEO
Jeff Gennette. The lofty goal is part of Macy's overall turnaround
plans, to get back to positive same-store sales.
As of last June, the amount of private
and exclusive brands at Macy's was about 29 percent of total inventory.
That includes some of its best-selling lines.. . . more