<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Macy's closing stores as focus shifts"/><p class="gnt_ar_b_p">Just what kind of an economy are we living in?</p><p class="gnt_ar_b_p">The contrasting fortunes of <a target="_blank" href="http://www.usatoday.com/story/money/2024/02/27/macys-stores-closing/72755730007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Macy's,</a> a one-time pillar of retail, and <a target="_blank" href="http://www.usatoday.com/story/money/2024/02/16/3-things-you-need-to-know-if-you-buy-nvidia-stock-today/72625342007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Nvidia,</a> an artificial intelligence chipmaker that could become the most highly valued company ever, hint at the turbulent reality Americans inhabit.</p><p class="gnt_ar_b_p">Macy's announced at the end of February that it will shutter 150 stores amid shrinking sales and revenue. A few business cycles earlier, Nvidia had become one of the first publicly traded companies to reach $2 trillion in market capitalization, as measured by the total value of its stock.</p><p class="gnt_ar_b_p">The 166-year-old retailer and the 30-year-old tech upstart represent distinct slices of the economy, but they encapsulate how different sectors are grappling with shifts that are reshaping how we shop, work and live.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">While Nvidia is creating the chips that power AI, which enables tasks ranging from filling out a spreadsheet to the functioning of our smartphones, Macy's is struggling to catch up to the shifting expectations of shoppers who want something different than the department store of the past.</p><p class="gnt_ar_b_p">AI “is one technology that impacts everyone from the CEO to the frontline workers,” says<a target="_blank" href="https://www.accenture.com/us-en/about/leadership/muqsit-ashraf" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener"> Muqsit Ashraf</a>, global lead for Accenture Strategy, part of the global professional services company.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">But the old-fashioned department store that sold shoppers a wide array of products, and which Macy's once epitomized, is becoming less and less relevant.</p><p class="gnt_ar_b_p">"We've seen it with JCPenney, we've seen it with Sears,'' says Zak Stambor, senior analyst...</p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/2024/03/07/macys-store-closing-nvidia-stock-changing-market/72759737007/">Read more <span>➤</span></a> </div>
