If Gennette made almost $12 million last year, we as rank and file employees are being duped, lied to, and exploited. We need to stand up, and fight for ourselves. The average Macys employee is making $15 per hour, or about $30,000 per year, why is a... — 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
Inflation was 3.4% in 2023, salaried raises are between 2.0% and 2.6%
Congratulations on all of the hard work you put in last year, the raises for salaried employees this year don't even offset the increase in inflation in 2023. If your manager hasn't had the conversation with you yet, get ready to be disappointed. ... — 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?
Macy's, Inc. (NYSE:M) executive vice president Danielle L. Kirgan, who oversees the company's transformation and human resources, has recently e
More insider sells than buys recently. The market tells you all that you need to know.
Insider Sell: EVP, COO & CFO Adrian Mitchell Sells 13,249 Shares of Macy's Inc (M)
Always interesting when the CFO sells off more of his position in the company.
Rumored Closing List?
https://www.retailwatchers.com/viewtopic.php?t=4320
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
Any chance Arkhouse buyout would change the 150 stores closing?
Now that the company is working with Arkhouse on the potential buyout and taking Macy's private, what do you think the chances are that the Bold New Strategy to close 150 stores changes if they are successful?
Chicago managers' meeting?
What's the all-hands-on deck managers' meeting in Chicago about?
Update on the stage of negotiations
https://www.cnbc.com/2024/03/14/arkhouse-macys-proxy-fight-continues-as-deal-negotiation-progresses.html
For those who are curious about what stores are closing..
For those who are curious about what stores are closing, this list might be a clue. Beware, this list is not the closing list, since I don't work at Macy's and hence don't know that information. But here is a list I created of the Macy's that are... — read more
Can Someone Please Post The Macy’s Closing
Please put locations here that were announced earlier this year. Thanks
How's visual going in your store?
Now that there are Visual Managers back in the stores, how is it going? Has it made any difference? What does the VM do?
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
Arkhouse raised its bid.
Is this it? $24 a share
re: replacing colleagues
Anticipated side effect of the announcements about closing stores? Stage whisper comments from People Leaders about replacing colleagues with younger colleagues with better metrics from closing stores. It might not be a mistake to do some HR... — read more
Macy’s corporate watching this site?
They must be, right? But to what end?!
Are these Macy's underperforming stores??
Are these stores listed below all of Macy's underperforming stores. Or are there some I forgot to include? Or are some of these listed some of Macy's better performers?? SanTan (Gilbert) Arizona 355 Northfield Stapleton Colorado Orchards... — read more
Small Store Strategy
so being they announced 50 stores will close a year are they still opening the smaller locations?
How long does it take to plan a mass layoff
In yesterday's business updates the head of HR said there are no plans as of now, and mass layoff takes months to plan, can anyone share how long they need to plan such a thing? Given sales are down badly this month, not hoping much for Q1 results. — read more
This is the end of Macy's
When you start shrinking at this rate instead of growing or at least maintaining the number of stores, it's the beginning of the end. They might say they will close 150 stores over the next three years, but I wouldn't be surprised if that number... — read more
This whole thing could have been handled so much better
There isn't enough transparency. Employees have no idea what's going on and that affects our work. How hard is that to figure out? The more we stress over things and the more we wonder what's going to happen, the more morale will go down, and with it... — read more
If your store is on the closing list, please name it here:
There's no published list available to the stores yet but let's get a list going here.