Please go through this first:
Walmart e-commerce is losing $1 billion as it tries to catch Amazon
https://www.vox.com/recode/2019/7/3/18716431/walmart-jet-marc-lore-modcloth-amazon-ecommerce-losses-online-sales
Multiple sources tell Recode that the company is projecting losses of more than $1 billion for its US e-commerce division this year, on revenue of between $21 billion and $22 billion. Walmart does not disclose these figures publicly and declined to comment.
Then please understand and appreciate that Macy's.com may be a HUGE MONEY LOSING OPERATION ... for last 19 years. That is why current INDIAN TELEGU CEO is shutting San Francisco operation down. This is divine virtuous capitalism is action – please do not complain against basic economic sense!!!