Macy’s adds tuxedo rental with new partnership

Macy’s Inc. will open tuxedo rental shops inside 300 of its stores nationwide, the company announced Wednesday. The new Macy’s-branded shops stem from an agreement with Men’s Wearhouse. The men’s clothing retailer will staff the outposts in dedicated spaces in or near the men’s department in Macy’s (NYSE: M) stores. "We see weddings and special occasions as strategic growth opportunities for Macy's,” Macy’s chief merchandising officer Tim Baxter said. “We are already well known…
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