Macy's brand will survive. Many pressures over the last decade--student loan and credit card debt a big one.
As time progresses, student loan relief is inevitable as millennials begin replacing boomers in leadership. Once this happens, malls will spring back with historic vigor and will pull share from Amazon. Physical shopping, Sbarro, Orange Julius--coming back.
Macy's can survive in the interim, Covid discount. Long-term buy and hold. All time lows here.
As time progresses, student loan relief is inevitable as millennials begin replacing boomers in leadership. Once this happens, malls will spring back with historic vigor and will pull share from Amazon. Physical shopping, Sbarro, Orange Julius--coming back.
Macy's can survive in the interim, Covid discount. Long-term buy and hold. All time lows here.