At a time when mall traffic is down, Macy’s has been hit particularly hard. In August 2016, it announced that it would be closing 100 stores over the upcoming years. Many of these stores have already been shuttered.
But it’s also developing new strategies to expand its consumer base. Case in point: The company is launching a line that is specifically aimed at Muslim women. According to the Washington Post, the collection will include maxi dresses, long cardigans, and hijabs. It’s part of a broader trend in the apparel industry, as young Muslim women are increasingly viewed as a lucrative consumer market. Thomson Reuters projected that Muslim consumers would spend $368 billion on fashion by 2021.