Article Summary Due to Changing Shopping Habits and Increased Online Sales, Macy's

question 241

Essay

Article Summary
Due to changing shopping habits and increased online sales, Macy's announced it would be closing 100 stores in early 2017. The stores represent about 15 percent of its total locations, and some analysts believe the company needs to close an additional 100 stores as well. Macy's sales fell by 7.5 percent in the fourth quarter of 2016, and by the end of 2017, the company was expected to have about 600 stores open, down from almost 800 in 2014.
Source: Hayley Peterson, "Macy's may shut down even more stores," Business Insider, May 12, 2017.
-Refer to the Article Summary.Use a graph to illustrate average total cost curves for Macy's before and after closing the 100 stores.Assume that after closing the stores, Macy's will be producing at minimum average total cost.

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, generating oxygen as a byproduct.

Anaerobic

Growing or metabolizing in the absence of molecular oxygen. Compare with aerobic.

Few Organisms

A term referring to a small number or limited diversity of living entities in a given area or ecosystem.

Mineral Rich

Referring to a substance, soil, or area containing a beneficial concentration of minerals important for biological processes or commercial use.