Macy's reported fourth-quarter profit and sales declines but still beat Wall Street estimates. In the coming year, CEO Jeff Gennette said Macy's will focus on updating its private brands and off-mall expansion, growing its online marketplace, and luxury brands. [Read More: Macy's enters marketplace competition with Amazon, Walmart, eBay ] Macy's smaller, off-mall locations include Market by Macy's and Bloomie's. To date, the retailer has opened four Market outposts and two Bloomie's locations. On the company's earnings call with investors, Gennette said Macy's plans on opening four Market by Macy's stores and one Bloomie's this year, "and if these new locations continue to outperform, we will look to incrementally accelerate off-mall openings beginning in 2024."