What is Macy’s
With over 580 stores in the US and its territories and 130,000 employees, Macy’s has become a fashion retail powerhouse. Today, it is moving fast in the direction of online sales as it seeks to tap into a new market that’s fast booming. It was founded in 1858 by Rowland Hussey Macy and from there, it has made a name for itself selling avant-garde clothing line that has graced the US fashion world from the West Coast to the East.
In 2018 alone, Macy’s has generated $24.97 billion in revenue. In recent years, news was reported that Macys was closing several of its retail outlets. We may be witnessing a shift to online sales as a harbinger of things to come.