Tuesday, January 17, 2017

Expert: Macy's may eventually close 'hundreds' of stores

Macy’s Inc. fired the person in charge of in-store growth initiatives last week, prompting one retail expert to predict “hundreds” more store closures could be in the company’s future.

“We’re in the second inning,” said Howard Davidowitz, a New York-based retail consultant. “The fastest growing area of their business is online. What do you do with all these stores?”. . . more

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