Macy’s to close 100 stores

Endaba Group

Macy’s Inc are closing 100 stores to boost investment in their online operations as they seek to turn around their business after 6 quarters of falling sales! Despite the great American consumers being very much alive, shopping habits have shifted. Many are reluctant to pay full price or even leave the couch, heavily damaging the business of many top retailers. Department stores have been struggling from stiff competition from online and off-price retailers, with Macy’s total sales falling nearly 4% in the second quarter!