What: Where is Macy’s going? It is continuing to close stores.

Why it is important: Macy’s, like many stores, has suffered during the pandemic. Will it recover and what form will that recovery take?

Analysts are speculating that Macy’s will survive the pandemic but will it manage to reach previous levels. Even before covid, Macy’s was achieving net profit margins of only 2.3%, down from 4.4% the previous year, which itself was down from 6.3% the year before that. In the meantime, the company has added more lease and debt obligations. While Macy’s does have an online presence, its offer does not distinguish it significantly from others. So, should we invest in Macy’s?

where will Macy’s be in 5 years