In today’s treacherous retail landscape, every decision a company makes can have serious consequences for the future. Some major stores have scaled back their brick-and-mortar operations as foot traffic dwindles and more customers buy online. Others have declared bankruptcy and announced they’ll disappear entirely.
But despite experiencing its fair share of hardships, Macy’s is one player that has managed to pivot its operations on the back of a new strategy—and now, its CEO says the company is in the “final stretch” of closing stores. Read on to see what the iconic department store has planned for the near future.
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