Macy’s to Shut Down More Stores
on
January 9, 2020
Macy’s announced that holiday sales fell less than feared, dropping 0.6% compared to last holiday season. The company’s share price fell 30% last year, making it one of the worst performing stocks of 2019.
As a result, the company is looking to close over two dozen of its stores in the coming months. Can Macy’s adjust to ecommerce and what are they doing to change their image away from just brick and mortar stores?
Hear what Tyler Kern and Geoffrey Short had to say in this excerpt from Business Casual.
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