The funding will help the social commerce platform’s plans to expand in Asia and develop AI-powered chat bots that will enhance the shopping experience.
The Seattle-based retailer once again showed it’s a leader in the department store sector.
The retailer reportedly has at least 50,000 unfulfilled online orders.
Macy’s improved on most fronts but missed on Wall Street’s high margin expectations, bringing down the share price.
The company’s executive team, now unified in Los Angeles, is focused on building out the assortment and growing its customer base.
Analysts and consultants are getting bullish on physical retail — and the upcoming holiday shopping season.