Topics regarding layoffs at Macy's Inc.

Topics regarding layoffs at Macy's Inc.

Signs of a Buyout

Hello If you google Macys stock it no longer comes up on google search but hasn't been a you can find it on other Marketwatch websites but not google and I find that very odd. I used to google it a few times a week and always pops up.. Not... — read more 

Buy out chatter ?

Could any higher ups provide us any gossip about the Arkhouse deal ? Are they close to buying out ?

241 Days Left Until 50 Stores Close

With so much going on in our stores it is easy to forget that 50 stores will be closing by the end of this year. If these 50 stores have an average of 100 employees, that will be 5000 additional Macy's colleagues and Managers impacted. Only 39... — read more 

Store Director Mood Change

Store Director got off her conference call today and had a complete mood change. Store is on the potential closing list. Did this happen anywhere else? Do you think something just got announced? Hope to find out soon, this game is getting old!

Closing?

Just announced that the lakeside mall in Sterling Heights,Michigan will be closing July first. The media said that Macy’s and JCPenney will stay open. Does anyone know for how long?

Traffic way down

It feels like business has fallen off a cliff.... no traffic coming through the doors. Is .com making up the difference? If not, this is not sustainable, IMO.

Store inspiration and experience for customers

Hello Tony……so many mediocre stores that YOU are responsible for…and that represent the brand….…I As a very Experienced former proud, retail executive and now part time associate for Macys. ..Once THE American dept store we were proud of…. My... — read more 

Customer experience?

One of the worst things that we ever did was outsource credit. They're not well trained, they argue with the customers, and as soon as the customer hears the offshore accent, they get irritated. If this is the year of improving the customer... — read more 

Nordstrom

so ole Nordys wants to go Private much like Arkhouse wants to turn macys Private. seems the big box stores like to follow each other to the grave. My prediction is Macys will be taken over by end of May and everyone that is higher up will be... — read more 

Executive Compensation 2023

In case you don’t know how much our fearless leaders rake in Gennette- $11,821,259 Spring - 5,777,959 Mitchell - 7,877,403 Kirgan - 3,123,894 All while reducing headcounts and outsourcing jobs. Just keep this in mind when you view your paltry merit... — read more 

Article from Retail Dive: inside a closing Macy's store

https://www.retaildive.com/news/inside-macys-closing-department-store-ballston-quarter/707317/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202024-04-16%20Retail%20Dive%20Newsletter%20%5Bissue:61128%5D&utm_term=Retail%20Dive

Quarter Earnings

Does anyone know how our numbers are looking for this quarter?

Reviews

Any conversations on reviews happening in your store.? No conversation in the store I'm working in. Just curious.

sales and support staff targeted by security

In recent weeks, a number of colleagues in my store have suddenly been suspended/and or fired for minor offenses- things that in the past might have just resulted in a "conversation" at best. In addition, there is no more talk about "empowerment" at... — read more 

Annual Incentive Plan

Does anyone know what the Annual Incentive Plan for Executives is this year?

What guarantees a store is closing?

Ok what is the deal here with the 150 store closings? Are they just strictly underperforming or does it have to do with other factors? I can see locations within dead malls being enough of a reason to shutter, but what about like other competitors... — read more 

34th street

So not sure if you heard the news of Sam ash music closing its 34th street store as well as its Edison NJ and 16 more stores location. Sam ash 34th is right next to Macys flagship store and makes me wonder if the foot traffic is going down fast... — read more 

Macy's Pension

Retired Macy's employee here....for those of us that are receiving pension payments monthly, what happens if Arkhouse takes over? Are our pensions protected?

Macy's underperforming locations

Here are some of Macy's locations that I've heard are underperforming that I believe will be closing as part of their plan to close 150 stores and here is some of my commentary on why they may be closing those stores. HOOVER AL-RIVERCHASE GALLERIA... — read more 

Jeff Gennette selling NYC property

Jeff Gennette selling NYC property Jeff is selling Park Slope townhouse for 7,000,000 Wonder why he's leaving Peaceful safe Nyc? does he not like the woke agenda anymore?

News

https://seekingalpha.com/news/4077750-macys-gains-amid-report-i-could-directly-negotatiate-with-investor-group

Macy's 1st Round of Closures Accouncement

Macy's is excepted to announce the 1st round of closures the end of May. G.O.B. will start Mid-June and will last 8 to 12 weeks. The affected stores will be shuttered by either late August or early September.

Question of the week

Did any of the senior leaders consider the impact of announcing the company would be closing 150 stores and then only telling the stores that are on the list? WTF. Our store isn't on the list, but since nobody outside of the closing stores know, we... — read more 

Interesting article

For all those who continue thinking M is in the same state as Sears and will close anytime soon need to read the article I ran across. Sure some of the recent upswing in stock price is driven by takeover rumors but I would like to think it is more... — read more 

Macys firing top sales people

Macys is the only company i ever saw under Jeff leadersh*t that got rid of all their top sales people. He destroyed the company from within There was a indian guy who sold 1 million in Mens suits a year then the commission was gone and they had... — read more 

Late breaking news

NEW YORK--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE: M) today confirmed that it has received a revised, unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the... — read more 

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