preview

Macy's Store Structure

Satisfactory Essays

One of the biggest USA net of the retail stores Macy's announced that it is making significant changes to its structure and most notably is closing 68 of Macy's store locations. The reason is that according the sales database of the company the 2016 sales were more than 2.1 percent lower than the numbers produced during 2015. President of Macy's Jeff Jennette said that closing stores are profitable, but their profits have fallen steadily in the past few years . These stores brought about $ 1 billion in sales revenue what is 4% of the revenue of the company. Terry J. Lundgren, Macy's, Inc. chairman and chief executive officer, based on the sales database analysis, said that online sales are getting bigger every other year to the detriment of

Get Access