Macy’s Is Now Officially in the Junk Zone
It’s no surprise that Macy’s, one of the premier shopping chains around is now in the junk zone. What does the junk zone mean? Well, it simply means that it’s in big trouble. Aside from deteriorating performance in the credit market, Macy’s is also falling behind in sales and just about every aspect of its existence as a moneymaking machine.
We’re guessing that it will only take a few more months before Macy’s would bid farewell to the world. Either Macy’s adopts new strategies to get itself out of the red, or it falls apart completely. Remember, no one is safe. Even General Motors in Europe is nearly calling it quits. What do you think formerly big sellers should do to get out of trouble?