Retail Focus 8/17/16 - Long-Term Strategy for Macy's, Earnings from Home Depot, JC Penney, and More

Macy’s has been in the news lately after announcing planned closures of 100 stores…we glance at their long-term strategy, and if closing cash-positive brick-and-mortar stores is their best option. Additionally, earnings from Home Depot, JC Penney, and TJX are strong, while Target and Lowe’s disappoint, and discussion of Aldi’s private-label baby products rollout.