Even so, My Macy's helped to increase the retailer's online sales by 26.6% in the fourth quarter according to its latest earnings report.

FORBES: Intelligent Investing Panel

Retailers such as Macy's Inc. have honed in their store productivity through a program called My Macy's, which was designed to heighten sales growth by paying closer attention to merchandising.

FORBES: Intelligent Investing Panel

My plan was to have the company go through bankruptcy like 7-Eleven did and Macy's and Continental Airlines, and come out stronger.

WHITEHOUSE: The White House