October 21, 2021
Business

Why Macy’s Won’t Survive If It Sells Off Its Digital Business

I am scratching my head at an announcement that said activist Jana calls for Macy’s

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to spin off its e-commerce unit. I don’t understand how it will work despite the fact that Saks Fifth Avenue has already done so. To me, the jury is still out on that move, and I have serious doubts that this will work for Macy’s.

Macy’s and its sister brand Bloomingdale’s have worked hard to maintain a business model that blends e-commerce business with store business. Both brands want customers to shop them wherever and whenever they like and enjoy a consistent brand experience. Each store brand has one set of buyers who buy merchandise for both the stores and internet. When the buyers buy an item, they hope it will sell well both in the stores and on the…

Read full article here: www.forbes.com