Store Changes Help Walmart, Macy’s, but J.C. Penney Falls Further Behind
A strong U.S. economy and recent store improvements are helping Walmart Inc., Macy’s Inc. and other big retail chains replace business lost to online rivals.
Buoyed by low unemployment and rising wages, Americans are stepping up purchases of everything from apparel to groceries to dishwashers. Meanwhile, many retailers, stung by competition from Amazon.com Inc., have closed hundreds of weaker stores, leaving them with leaner inventories and better locations…
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