Why Macy’s Is Closing Over 100 Stores
Episode description
In this episode of The Business Breakdown, we dive deep into Macy’s, a retail giant with over 160 years of history. Macy’s has seen a 70% decline in their stock and is in the middle of closing over 100 stores. But they have a plan to revamp sales and revitalize its product assortment. By blending in-store and online shopping, doubling down on its luxury brands Bluemercury and Bloomingdale’s, and modernizing its operations with a focus on streamlining the supply chain and enhancing fulfillment through automation.
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