Macy's Should Get Rid Of Worthless Coupons

Macy’s had a bad holiday season. Sales at existing stores in November and December dropped by 4%, below its own forecasts. That’s why the company is closing stores and laying off thousands of people -- to cut costs. What’s hurting Macy’s sales? Apparently, the unusually warm weather is one factor. But Macy’s sales declines began well before the warm weather kicked in. So other factors are in play -- like competition from online retailers such as Amazon, which reported whopping sales gr...