Ashley Armstrong
On San Francisco’s historic Union Square, the Macy’s building has stood proudly for decades. It covers an entire city block and claims the title of the second-largest department store in the United States, a West Coast destination for generations of shoppers.
But as San Francisco has been transformed from a working port to a global hub for the technology industry, the vast Union Square Macy’s is emblematic of the fundamental challenge facing department stores everywhere. Too much space and not enough shoppers have meant slumps in sales and profits across the sector. Retail experts are beginning to wonder out loud whether there is a future for big shops that sell everything….
Read the full article at: http://www.afr.com/business/retail/clothing-and-accessories/macys-and-department-stores-fight-for-survival-against-the-internet-20170626-gwygnc