A Blog by Jonathan Low


Jan 14, 2017

Amazon Didnt Kill Macy's: Macy's Did

Complacency followed by fear, indecision and stasis. Not a good strategy even if your core business isn't being attacked by a more creative and competent aggressor. JL

Jason Del Rey reports in Re/code:

Amazon has certainly had a hand in Macy’s struggles (but) Macy’s should look within, for if not Amazon, someone else would have taken advantage of the complacency inside. Macy’s stores have looked and felt the same forever.
It has been a very bad week for some of the country’s biggest department stores, with Macy’s feeling the brunt of it. The mass-market retailer’s stock has dropped 16 percent since it announced disappointing holiday sales results and details on thousands of job cuts on Jan. 4.


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