Description: In the beginning, Macy’s was one store in New York. And Bloomingdale’s was one store in New York, and Filene’s in Boston, and Wanamaker’s in Philadelphia, and Bullock’s in Los Angeles, and Marshall Field’s in Chicago. Throughout the 20th century, waves of consolidation concentrated independently run stores in the hands of fewer and larger holding companies.
Date: Nov 28, 2017
Questions for discussion:
- What does this report and chart say about the history of the department store concept?
- Is there any future merger or acquisition strategy left for Macy’s?
- What strategic advice would you offer to Macy’s management?