Retail Apocalypse🌋: Macy’s Kicked Out of S&P 500 📉
S&P Dow Jones has announced that Macy’s will be removed from the S&P 500 index commenting “Macy’s has a market capitalization more representative of the small-cap market space”. Alex discusses Macy’s continued challenges and highlights what he thinks is a valuable eCommerce porperty within the ailing retailers assets.
Macy’s to leave the S&P 500 index: www.marketwatch.com/story/macys-to-leave-the-sp-500-index-2020-03-31
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