What Macy’s could learn from JCPenney’s woes

Macy’s (M) is mulling a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management. Department stores have been hit hard as more shoppers turn to buying products online. JCPenney, for example, filed for bankruptcy in 2020. So what can Macy’s learn from its rival’s woes? Yahoo Finance’s Brooke DiPalma explains in the video above.
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