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Macy’s is closing 45 stores in the first wave of its turnaround plan
Almost a year ago, Macy’s announced an ambitious turnaround plan to modernize itself that included shedding about a quarter of its big department stores. Now, the retailer has announced the first tranche of those closings in a move that is gaining urgency because of the impact of the COVID-19 pandemic on its business. Macy’s will […]
Why Russia’s invasion of Ukraine is a warning to U.S. tech
American technology companies remain deeply reliant on China, making them vulnerable during a geopolitical crisis. Read More
‘Emotional’ Buys and splurges on Pleasure Purses Increase Earnings Reductions at Kate Spade and Coach
At Coach, possessed by trend conglomerate Tapestry, the typical cost customers paid for purses at the quarter ended August 28 climbed 25 percent, assisting its parent firm turn into a wonderful profit despite general earnings declines. The growth had a great deal to do with getting less stock available, and by extension, less failing to […]