How the Navy's retail business is working to pull off a turnaround
Sales have fallen at the Navy Exchange, the government-owned department store chain that provides tax-free products to enlisted servicemembers and veterans. Its stores are an important benefit to military families stationed across the world, and its profits directly improve the welfare of Navy sailors. The company is working to revamp its fleet of stores with a planned investment of around $100 million to better compete with major e-commerce players like Walmart and Amazon.
Sales have fallen at the Navy Exchange, the government-owned department store chain that provides tax-free products to enlisted servicemembers and veterans. Its stores are an important benefit to military families stationed across the world, and its profits directly improve the welfare of Navy sailors. The company is working to revamp its fleet of stores with a planned investment of around $100 million to better compete with major e-commerce players like Walmart and Amazon.
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