Macy’s, Inc. M and zTailors have entered into a deal to provide customized tailoring services to online customers, turning online garment shopping into a whole new experience.
The customers can now request for a professional tailor if their purchased garment requires any sort of alteration. The alteration work will be done with in a period of one week or less and customers will be charged accordingly.
With this facility, Macy’s aims to give its online customers the same advantage that one would receive on visiting a brick and mortar store.
This exclusive option is currently being intended for customers residing in Los Angeles but will gradually be extended nationwide by early fall. This initiative is expected to be expanded to New York City, San Diego and San Francisco, together with the states of Washington, Oregon and Florida by the end of this month.
The company operates in the highly competitive retail merchandise sector and faces stiff competition from a diverse group of competitors. We believe that this initiative will help the company to lure in more customers which will help in increasing sales.
Currently, Macy’s carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the same industry include American Eagle Outfitters, Inc. AEO, J.C. Penney Company, Inc. JCP and Citi Trends, Inc. CTRN. While American Eagle sports a Zacks Rank #1 (Strong Buy), J.C. Penney Company and Citi Trends carry the same Zacks Rank as Macy's.
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