Creative Problem Solving

Last week, Macy’s reported another sales decline (their 10th consecutive quarter) and their share price plummeted 10%. Additionally, last week J. C. Penney shares hit their lowest price in a decade, falling 16% after the company said its profit margins had softened more than expected. Kohl’s, another department store behemoth, also fell last week after their earnings report.

If Wall Street results mean anything, it is becoming apparent that the reinvention of an aging business model is perhaps more difficult (and expensive) than it may seem. And it’s quite possible that it won’t even work. Read More…