Tag: Macy’s

AutomationManufacturingTechnology

Macy’s Bets $640 Million on Robotic Warehouse to Revive Retail Fortunes

Macy’s is investing heavily in automation with a new $640 million robotic warehouse in North Carolina. The 2.5 million-square-foot facility aims to accelerate online order processing and improve inventory management as the retailer battles declining sales and increased competition.

Major Automation Investment

Macy’s is making a massive $640 million bet on automation with the opening of its largest and most technologically advanced warehouse facility in North Carolina, according to reports from The Wall Street Journal. The 2.5 million-square-foot distribution center represents one of the most significant investments in the retailer’s 167-year history as it seeks to reverse years of declining sales.

by Alvarez Jordan
International Business and TradePolicy

Small Businesses Struggle Under Tariff Burden as Economic Warning Signs Emerge

Small business owners are reportedly taking out high-interest loans and raising consumer prices to manage increased tariff costs. Economists suggest these struggles could signal broader economic challenges ahead as companies navigate trade policy changes.

Small Business Financial Strain Under Trade Policies

According to reports from CNBC, numerous small businesses are facing significant financial pressure due to recent trade policies implemented by the Trump administration. Sources indicate that companies like AV Universal Corp., which imports footwear from India, have seen tariff bills increase from approximately $7,500 to requiring $250,000 loans to cover import costs.

by Alvarez Jordan