Topic: Growth Stocks

MACY’S INC. $65 – New York symbol

MACY’S INC. $65 (www.macysinc.com) is changing some procedures at its Macy’s and Bloomingdale’s department stores. Previously, the physical stores and online operations bought and marketed their merchandise separately. Now the company is creating a unified purchasing organization that will cut costs, minimize product shortages and speed up online order fulfillment. Macy’s will also close 14 of its 830 stores. It plans to use some of the savings to develop new businesses, including outlets that sell discounted merchandise. Buy.

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