Department stores fight back: Can new strategies work?
Are the strategies that mid- and high-end US department stores are introducing this year enough to pull them out of the doldrums? Possibly in the long run, but no one expects sales and profits to improve any time soon. Share…
Macy’s reports second-quarter sales decline as company doubles down on new strategy versus acquisition deal
Macy’s (M) reported another quarter of declining sales, a month after the company rejected a $6.9 billion takeover offer. On Wednesday, Macy’s reported a 3.8 percent year-over-year decline in net sales to $4.9 billion, below estimates of $5.06 billion. Store…
