Comment on Is Macy's Ready to Give Up on Traditional Department Stores?

Is Macy's Ready to Give Up on Traditional Department Stores?

During its fourth-quarter earnings call, Macy's (NYSE: M) expounded on plans to rebound from what has been a rough multi-year stretch.The traditional department store business model has struggled while off-price discounters like TJX Companies and Ross Stores thrive. Buried in management's comments was a big hint that off-price could actually be the future of this industry.Continue reading

 

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