In a move that shocked precisely nobody, Macy’s is closing seven stores and laying off 5,000 workers across the country. In addition to being predictable because of the rise of e-commerce and the never-ending retail slump that likely ends with brick-and-mortar becoming a thing of the past, it’s predictable because Macy’s originally announced this plan in August of 2016. The only real news to come out of this was the naming of 7 of the 100 stores that are doomed under the original plan.
The particularly astute among you will notice that August 2016 is several months before January 20th, 2017, which is when President Donald J. Trump took office. In fact, it’s even a few months before November 8th, 2016, when Donald Trump was elected. So why are MSN, USA Today, and others acting like this is news today?
Simple. There’s been too much good news in the financial sector since Trump was elected, and, specifically, far too much good news since he signed his tax bill into law. Time to incense the readers a bit. Predictably, it worked.