Several retail CEOs have made the painful decision to close stores (Fortune)

…clearly the right move when the industry is being turned inside out (and when today’s or yesterday’s company leaders didn’t get ahead of the trends).

-Walmart’s Doug McMillon will close 269 worldwide;
-J.C. Penney’s Marvin Ellison, 40;
-Macy’s Terry Lundgren, 25 to 40;
-Target’s Brian Cornell, 23.

Retailers hate doing this, but smart CEOs know that lowering the company’s breakeven point and living to fight another day is a decision best not delayed.

Some pictures can be seen here (

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s