Credit Union News Blog by Oak Tree Business Systems, Inc. - Your fun and informative source for updates, regulations and more.
Macy’s announced that they will be closing 40 stores in the beginning of 2016 and will convert some other stores into “Backstage” stores this year as well. These “Backstage” stores will sell “Macy’s brands at steeply discounted prices - up to 80% off.” With this announcement being made, some question the future image of the department store. One expert, Robin Lewis, stated that she “believes that the discount strategy is flawed and will hurt the company in the long run.”
Oak Tree Business Systems Inc. credit union vs. banks
As the Broncos and the Panthers prepare to match up for Super Bowl 50, credit unions have been matching up with banks for many seasons, and the results are not going unnoticed. Credit union membership has reached a record high and continues to gain field advantage. Here is a look at how credit unions are superior to banks: