Macy’s Navigates Turbulent Retail Waters With Closures, Luxury Shift, and Activist Investors
Macy’s announced plans to shutter 150 stores over three years and 50 by the end of 2024 following a fourth-quarter loss and declining sales.
Macy’s Department Store is creating mini distribution centers
As part of the retailer’s goal to expand its supply chain network, Macy’s is utilizing the space within 35 of its stores to handle shipments as the holiday season approaches.
Macy’s is the retailer at the top as peak season approaches
While many of the retailer’s main competitors deal with a near-crippling inventory glut, Macy’s has taken a different approach to its inventory management strategy.