U.S Earnings, State of EVs and Hotels
Bloomberg Intelligence
Macy's Strategy and Department Store Challenges
This chapter explores Macy's recent quarter performance, closure of underperforming US stores, and strategic plan to address department store challenges. Macy's aims to enhance its store base by reinvesting funds from closures and investing in service improvements, technology, logistics, and AI for positive growth by 2025, discussed alongside Bloomingdale's comparison and the impact of post-pandemic luxury consumer spending. Furthermore, the chapter touches on Apple's luxury electric vehicle venture, challenges in electric vehicle adoption, and the upcoming release of an affordable electric Chevy Equinox, highlighting the slow transition period and its impact on workers in Detroit.
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