Someone Buy Macy’s, Please!

Macy’s—the 165-year-old company that was one of the founders of the department store model in the United States, dominated the ‘malling’ of America, became the go-to brand of the last century, and was one of the first merchants to launch an e-commerce web site (in 1997)—is today drifting toward retail oblivion.

That’s the conclusion of a growing number of Wall Street analysts and institutional investors who have turned negative on the company’s prospects after years of disappointments.