Macy's is shutting down 100 stores but its CFO says it still has a big advantage over Amazon (AMZN, M)

Macy's just announced it's closing 100 stores by early next year, following six consecutive quarters of declining sales.
There's a lot of reasons for Macy's struggles, but a big part of it has to do with the rise of Amazon and other online stores.
But Macy's CFO Karen Hoguet still believes there's one major advantage its retail stores have over its e-commerce competitors: physical space.
During the earnings call with analysts, Hoguet said:
"And let's not forget the critical importance