Thursday, March 9, 2017

Amazon actually isn't the biggest problem, Macy's CFO says

Department stores face a bigger competitive threat than online shopping, Macy's CFO saysAmazon is an easy source of blame for the ongoing wave of store closures happening at bricks-and-mortar chains.

But according to Macy's CFO Karen Hoguet, there's a bigger competitive threat challenging her company's business over time: off-price.. . . more

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