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Macy’s announces it will close 100 stores

As Macy’s closes 100 of its stores, the viability of the brick-and-mortar model is being challenged, and and e-commerce businesses are eating into the retail giants profits. In this Boston Globe article, Clarus Commerce CEO Tom Caporaso says that the dip in revenue is not only tied to e-commerce dominance, but also the shopping habits of consumers, who turned to bargain stores like TJ Maxx and HomeGoods during the 2008 recession.

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