More Macy's Stores May Be Dark for the Holidays, and That's a Good Thing
Macy's (NYSE: M) is closing at least two of its mall anchor stores and turning them into fulfillment centers. Heading into the all-important holiday shopping season, the move could be seen as a leading indicator of trouble for the financially strapped retailer.
However, because Macy's is counting on the stores to service its e-commerce ambitions, the development of so-called "dark stores" is actually a hopeful sign, though investors probably shouldn't go betting the farm on a full recovery.
Image source: Macy's.
Source Fool.com
