Just looking at some stock to buy. When I look at Macy’s the stock price is tempting and the stock seems to have an upward momentum. Something to think about.
After a couple of days of weighing it out I decided not to buy it. Some may find my logic superficial, but I just can’t invest my money in a retail company that is lacking a lot behind the competitors in online sales and eCommerce. Given the strange times we live in and the pandemic, the retail business is shifting towards online shopping at a much rapid pace and as far as I can see Macy’s is not ready to cope with that. I maybe wrong but my money is going elsewhere.
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