Wal-Mart, Macy’s Rally on Strong Holiday Season

The transcript discusses the retail strategies of Walmart and Macy's. Walmart is focusing on online growth, aided by its acquisition of Jet.com, and is shifting resources from opening new stores to enhancing online capabilities. Macy's is exploring real estate monetization and potential consolidation, with rumors of a Hudson's Bay acquisition. The retail industry is facing consolidation challenges, with many department stores struggling. Both companies are adapting to market pressures, with Walmart benefiting from past wage increases and focusing on remodeling stores to support online sales.

What are the potential outcomes of Macy's considering a REIT?

Discuss the implications of minimum wage increases on Walmart's operations.