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Macy's to expand off-price concept Backstage

Department store operator Macy's Inc. will expand its discount chain Backstage to 145 stores in the U.S. in 2018, Business Insider reported Feb. 27, citing CEO Jeff Gennette.

Gennette reportedly told analysts on a call that Backstage is boosting customer spending and visits to Macy's stores, so they expect the expansion to help maintain the company's sales momentum.

The off-price chain occupies about 15,000 square feet in 45 Macy's stores, according to the report.