Macy's: Strong And Undervalued Compared To Peer Group
M has long been looked at as the kingpin amongst department store operators due to the company's size and reputation. M operates over 800 stores throughout the country and last year spearheaded its international e-commerce efforts. As the US economy has continued to stabilize, M sits in a position of strength to due its locations and network of stores. Kent Johnson, President of Macy's online, states, "International shipping will enable Macy's to build upon its existing customer base beyond the United States by exposing our product offerings abroad." This is just one example of M ability to take navigate the current uncertainly in the retail environment.