As was expected, Macy's (NYSE: M) didn't have a great go of it during the first quarter of fiscal 2020, which ended on May 2. It would be easy to chalk up Macy's latest struggles to COVID-19, but the chain's woes predate this latest crisis. The department store business model can't break out of the long and slow death spiral it's been stuck in, especially as the world pivots to digital sales and renders many real estate-heavy operations redundant. Read More...
Where Will Macy’s Be in 5 Years?
As was expected, Macy’s (NYSE: M) didn’t have a great go of it during the first quarter of fiscal 2020, which ended on May 2. It would be easy to chalk up Macy’s latest struggles to COVID-19, but the chain’s woes predate this latest crisis. The department store business model can’t break out of the long and slow death spiral it’s been stuck in, especially as the world pivots to digital sales and renders many real estate-heavy operations redundant.
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