How Macy's Went From Retail Pioneer To Dying Department Store | Business Insider Explains

Macy's began as one of the first department stores and expanded into a retail giant with locations across the US. But now it's closing stores and cutting staff. Can Macy's survive the retail apocalypse? 00:00 - Introduction 00:31 - Macy's Opens In 1858 01:01 - New Pricing And Payment Strategies 02:02 - Macy's Creates The Retail Santa 02:25 - The Straus Family Takes Over Macy's 02:40 - Macy's Moves To Herald Square 03:37 - Macy's Becomes The World's Largest Store 03:45 - Macy's Celebrates Their First Thanksgiving Parade 04:27 - Macy's Expands All Across The US 05:20 - The Fall Of Macy's 06:10 - Macy's Files For Bankruptcy 07:00 - Competition From Fast-Fashion Giants 07:20 - Macy's Closes Stores And Layoff Staff 07:53 - Executive Shake-Ups at Macy's 08:58 - Credits ------------------------------------------------------ #macys #retail #businessinsider MORE BUSINESS INSIDER EXPLAINS VIDEOS: Why More US Banks Could Collapse | Business Insider Explains | Business Insider    • Why More US Banks Could Collapse | Busines...   Why Food Recalls Are On The Rise In The US | Business Insider Explains | Business Insider    • Why Food Recalls Are On The Rise In The US...   From Bitcoin To Alt Coins And Meme Coins, What Crypto Are Worth The Hype And What's Not    • Best Cryptocurrency To Invest In: Which Bi...   Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook:   / businessinsider   Business Insider on Instagram:   / insiderbusiness   Business Insider on Twitter:   / businessinsider   Business Insider on Snapchat:   / 5319643143   Business Insider on TikTok:   / businessinsider   How Macy's Went From Retail Pioneer To Dying Department Store | Business Insider Explains