The retail landscape has been undergoing a fundamental change. With digital transformation in shopping and consumers splurging online, store and mall traffic has been hit hard. As a result, most retailers, including big-box, are struggling to compete with e-commerce channels and are being forced to trim store count to focus more on an online model. Macy’s, Inc.M is not fully immune to these retail headwinds and therefore leaving no stone unturned to be back on growth trajectory.
This department store retailer announced the restructuring of its merchandising operations that includes combining of merchandising, planning and private brands divisions into one segment. Management cautioned that the restructur…
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