The last time Macy’s increased its sales, Donald J Trump had not started running for president and the Chicago Cubs still had not won a World Series in more than a century. For more than two years — 10 consecutive quarters, to be exact — that storied retailer has reported declining sales. Traditional department stores like Macy’s have been trying to reinvent themselves, shedding stores and expanding their e-commerce operations to try to compete with Amazon and other online retailers. But this week, Wall Street’s patience with such turnaround ...
Wall Street's patience runs thin with retailers
Traditional department stores like Macy's have been trying to reinvent themselves
Michael Corkery | NYT Last Updated at August 12, 2017 20:49 IST