Several retail CEOs have made the painful decision to close stores (Fortune)

…clearly the right move when the industry is being turned inside out (and when today’s or yesterday’s company leaders didn’t get ahead of the trends).

-Walmart’s Doug McMillon will close 269 worldwide;
-J.C. Penney’s Marvin Ellison, 40;
-Macy’s Terry Lundgren, 25 to 40;
-Target’s Brian Cornell, 23.

Retailers hate doing this, but smart CEOs know that lowering the company’s breakeven point and living to fight another day is a decision best not delayed.

Some pictures can be seen here (https://www.facebook.com/groups/SeekingValue/)

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