Reported 12 days ago
Macy's CEO Tony Spring expressed ambition to reshape the iconic department store into a marketplace, aiming to compete with e-commerce giants by offering a variety of product categories, including cosmetics and electronics. As the retailer faces declining sales and strives to attract younger consumers, the 'Bold New Chapter' initiative involves closing underperforming stores while enhancing the shopping experience in others. With plans to improve digital strategy and marketing, the company seeks to regain market share, although challenges remain amid a shifting retail landscape.
Source: YAHOO