Retail is a tough industry and it's really fickle right now post covid pandemic. Macy's retail footprint has been similar to the likes of recently failed retailers like Sears, Kmart, Bed Bath and Beyond, but also similar to Target , who is considered a leader in the retail industry. The struggles Macy's is facing is multifaceted as it lost its wholesale partnership with Nike to sell the brand's apparel in 2021.
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