In 2005, parent company Federated Department Stores (later renamed Macy's) was embarking on an expansion that brought its footprint to some 950 department stores, along with approximately 700 bridal and formalwear stores.
That appears to have been a mistake.
In recent years, Macy's has gone to great effort to undo that expansion, closing up 100 stores in a brick-and-mortar contraction that, despite executives' insistence to the contrary, some analysts say is far from over.. . . more