Aug
14

Wall Street’s Patience With Retailers’ Turnaround Efforts Runs Thin

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The last time Macy’s increased its sales, Donald J. Trump had not started running for president and the Chicago Cubs still had not won a World Series in more than a century.

For more than two years — 10 consecutive quarters, to be exact — that storied retailer has reported declining sales.

Traditional department stores like Macy’s have been trying to reinvent themselves, shedding stores and expanding their e-commerce operations to try to compete with Amazon and other online retailers. But this week, Wall Street’s patience with such turnaround efforts wore thin, amid a string of unsettling earning reports by brick-and-mortar retailers…

Wall Street’s Patience With Retailers’ Turnaround Efforts Runs Thin

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Categories : Finance

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