The dirty secret Macy’s is hiding.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Unlike Sears, Macy’s didn’t miss the train on online sales. But it uses its vibrant online business to paper over the decline in its brick-and-mortar business. When Macy’s reported third-quarter earnings this morning, it made a big deal out of its same-store sales increase, showing a 3.1% year-over-year increase. It was … Read more