Can department stores evolve enough to regain relevance? It might take more than the magic of Macy’s. The reason could be encapsulated in one sobering sentence by Macy’s CEO Tony Spring: The chain had ...
Macy's reports another drop in sales amid inflation and lack of engagement with younger shoppers. Department stores have traditionally attracted boomers (individuals aged 60+ today) and never focused ...
Macy’s announcement Tuesday that it will close 150 stores, or nearly a third of its total, is the result of a once-great department store industry in decades of decline. The gradual demise of the ...
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