Discuss the following:Macy's, Sears (now in bankruptcy), and J.C. Penney (close to bankruptcy) have been losing sales and profits for years; all have closed stores in the last few years.

Online retailers like Amazon and big box stores likeWalmart, Target, and Club Stores give the Department Store model (Macy's, Sears, and J.C. Penney) serious competition.

The business model the old-line department stores use, was invented over 100 years ago.

• Is this 100-year-old Department Store model obsolete? Why or why not?
• Can the old-line department stores redefine themselves? If yes, how? If not, what should they do?
• What is explicitly Macy's trying to do to survive?