Macy's and New World Retail

A couple of stories about Macy's are worth looking at.  I've been following their work as a digital leader in retail.  Their physical stores aren't doing tremendously well though.

Here is news on that front:

http://www.nbcnews.com/business/business-news/macy-s-cut-thousands-jobs-major-restructuring-n491556

Here is a snippet from that piece:

Department store Macy's announced Wednesday it will cut thousands of jobs and close some stores as part of restructuring to trim costs and reverse what it called "disappointing 2015 sales and earnings."

Here is a great little story that puts their overall efforts in to perspective:

http://www.mobilecommercedaily.com/macys-spurs-omnichannel-push-as-broad-physical-retail-contraction-looms

Here is a snippet from that piece:

With Macy’s online sales growing at a brisk pace during the recent holiday shopping season while in-store sales contracted even more than expected, the retailer is scaling back its bricks-and-mortar business and reinvesting the savings to accelerate its omnichannel strategy in 2016.

Happy Reading,

J.W. Gant