Recently, Macy's announced the combined closing of over 125 stores and the layoff of approximately 2,000 workers nationwide.

Do some research on Macy's. Visit IBISWorld and research the U.S. Department Store Industry, then address the following:

What are the ways that describe the specific strategies that you believe Macy's has followed in the past 3 years?

What are the ways that discuss why the strategies of this company appear to be failing (why are they now needing to close so many stores?).

Are the strategies of the company you selected flawed? If so, why? If not, what else is the cause of the multiple store closures on the part of both companies?

Answer rating: 100% (QA)

In the past three years Macys has implemented several strategies to address the changing retail landscape and consumer preferences 1 Omnichannel Strat... View the full answer