Macy's CEO Lundgren: Seeing Continuous Improvement

The transcript discusses Macy's quarterly earnings, highlighting continuous improvement due to strategic initiatives like increased staffing and focus on the denim business. It explains the decision to close 100 stores based on market analysis and the shift towards online sales. Macy's competitive position against Amazon is addressed, emphasizing their strong internet sales growth and omnichannel presence. The real estate strategy is also covered, with plans to monetize assets and reinvest in the business.

What factors contributed to the decision to close 100 full-line stores?

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In what ways is Macy's competing with Amazon in the online retail space?

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What is Macy's strategy regarding their real estate and how does it relate to their overall business plan?

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