Macy's stock has lost nearly 50% in 2019, making it the worst retail stock in the S&P 500. Thenation's largest department store has struggled to lure shoppers away from online retailers like Amazon and big-box stores like Target and Walmart.Once a venerable American institution, Macy’s is now among the ranks of tired department stores that have struggled to differentiate their offerings and give shoppers a reason to trek to their sprawling, mall-based stores.
“The sales deceleration was steeper than we expected,” said Macy’s CEO Jeff Gennette in November, after the retailer reported its first same-store sales decline in two years and. Gennette placed part of the blame on weak performance at its lower-tier malls.
L Brands is owned by Leslie Wexner. He financed, protected, & enabled Jeffrey Epstein’s child sex trafficking operation for decades. Maria Farmer was held against her will on his property after trying to report an assault by Epstein. The truth matters. Kids matter.
Bc Forever21 had their entire store marked 50% off. 😂
I could also see or defeat him.
No shit lol, why would retail outperform?
But the Stepford wifes of the right-wing conservative extremists party of cult swear it is all milk and honey in Trump's candy land. Trump has moved the American economy unto a razorblade of destruction. Trump removed all safety valvles. One could reason this was planned.
So easy to forecast that.... Macy’s and Gap won’t make it out alive by the end of the next decade
That’s pretty wild!