Macy’s makes controversial bet to save company
Department stores have been a core fixture of retail since Le Bon Marché opened in Paris back in 1852. But with the rise of discount retailers and e-commerce, these one-stop shop giants have struggled to maintain their market share. Macy's is no exception. The 165-year-old retailer had some good news for investors earlier this month when it released its Q4 FY2025 earnings, reporting comparable sales up 1.8% year-over-year. But that encouraging tidbit was largely overshadowed by the fact that Macy’s net s ...