HOPE for Macys! PRAY for JCP
what will we do without them?
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The so-called “retail apocalypse” has not been a quick event, but a slow burning unraveling of how things once were, and the coronavirus outbreak is turning out to be a make-or-break moment for some of the biggest retail chains.
A “smaller” Macy’s could end up being the department store model for the post-pandemic world. Fewer stores mean fewer overhead expenses, and with growing debt loads, companies like Macy’s will surely be looking to cut costs.
But like many things now and in the future, any successful retail model depends on the consumer, their spending habits, and their optimism.