Former Bloomingdale's CEO Says Macy's Model Not Viable Long-Term

The video discusses Macy's recent performance, highlighting a 1.4% growth after years of decline. It questions the sustainability of this growth and critiques the department store model as outdated. The discussion shifts to Walmart's strategic advantages, emphasizing its proximity to consumers and innovative strategies. The video also explores financial strategies in retail, such as stock buybacks and debt reduction, and debates Amazon's impact on the industry, suggesting that competition from other retailers like Kohl's and Target is more significant.

What was the percentage increase in Macy's comp store sales mentioned in the video?

• 4.7%

• 1.4%

• 2.5%

• 3.6%

Which retailer is highlighted as having a strategic advantage due to its proximity to 90% of Americans?

• Costco

• Walmart

• Amazon

• Target

What is one of the potential uses of tax reform savings for retailers discussed in the video?

• Launching new products

• Increasing advertising

• Buying back stock

• Expanding overseas

According to the speaker, what is a false issue often blamed for the struggles of department stores?

• High operational costs

• Amazon

• Lack of innovation

• Poor customer service

Where have many Macy's customers migrated to, according to the video?

• Best Buy

• Amazon

• Nordstrom

• Kohl's