Has Amazon Decimated Brick-and-Mortar Retail?

The video discusses the challenges and strategies of department stores globally, highlighting the struggles of European stores like Galerie Lafayette and the success of Asian stores like Takashimaya. It examines the impact of leadership and economic factors on retail, with a focus on the competition between traditional stores and online giants like Amazon. The video also explores how stores like Macy's and JCPenney are adapting to new retail trends and consumer demands.

Discuss the differences in consumer perception between Macy's and JCPenney as described in the text.

What strategies are mentioned that Macy's is employing to compete with Amazon?