What's the Takeaway From Macy's 100 Store Closings?

What is the main takeaway regarding retailers' current actions?

• They are reducing online sales.

• They are expanding their store count.

• They are finally addressing known issues.

• They are getting ahead of their issues.

What is Jeff Bennett's proposed strategy for Macy's?

• Eliminate all online sales.

• Rethink store operations and increase online sales.

• Focus solely on luxury brands.

• Increase the number of physical stores.

How significant is Macy's decision to close 100 stores?

• It is a minor change in their overall strategy.

• It has no impact on their store count.

• It is a major shift in their business model.

• It will lead to a complete shutdown of operations.

What challenge does Macy's face with the rise of online sales?

• Decreased interest in online shopping.

• Lack of interest in physical stores.

• Over-reliance on luxury brands.

• Increased competition from Amazon.

What was a key factor in Macy's stock performance decline?

• Failure to adapt to the rise of Amazon.

• Overinvestment in online sales.

• Lack of brand partnerships.

• Excessive store openings.