Macy's Launches Discount Concept

Macy's said Tuesday it is launching an off-price concept, called Macy's Backstage, to help it spur growth. Starting with four stores opening this fall in Greater New York City, the outlets will offer clearance goods from Macy's stores, as well as special buys from well-recognized fashion brands often between 20 percent to 80 percent off of original and comparable prices for similar merchandise.