Jcpenny, Needless markup aka Neiman Marcus and now Lord n Taylor are all filing bankruptcy.
NYT article about retail 4-21-20
https://www.nytimes.com/2020/04/21/business/coronavirus-department-stores-neiman-marcus.html?login=email&auth=login-email
Macy's Manhassett to become unemployment office
Macys in Manhassett will be closed by late this year and the building torn down.
Unemployment Question
I live in NY. Finally got 1wk, ending 4/19, unemployment +600 However, the 3 wks we were paid disaster pay i didnt get unemployment nor did i get unemployment for the first 2 wks in april Anyone else experiencing this?
Macy’s needs a miracle on 34th street
God, most of you people are in denial. Macy’s is gonna close or at the very least lay off anyone making over $10 an hour, holy c-app, read the writing on the wall...
Macy's ... We Stand By You
We "Believe" that Macy's will come back stronger then ever Join me, post your State and a message if you wish Support Macy's
Anyone receive severance yet?
Curious if any of the employees who were let go received severance yet.
The Prophecy of Amazon Disrupting ...
https://lastfuturist.com/the-prophecy-of-amazon-disrupting-small-businesses-has-come-true/ Amazon is positioned to be one of the biggest beneficiaries of the broader collapse in retail, as it attracts new customers who are stuck at home and are... — read more
Neiman Marcus to file for bankruptcy as soon as this week - sources
https://www.reuters.com/article/us-neimanmarcus-bankruptcy-exclusive/exclusive-neiman-marcus-to-file-for-bankruptcy-as-soon-as-this-week-sources-idUSKBN2210CW The bankruptcy filing could come within days, though the timing could slip, the sources... — read more
Forbes Story
https://www.forbes.com/sites/shelleykohan/2020/04/18/macys-may-need-a-miracle-on-34th-street/#40ecbadc5a48
Macy’s real estate valued at between $5 billion and $8 billion
Macy’s reportedly looking to use real estate to come up with cash during coronavirus pandemic Published Fri, Apr 17 20205:06 PM EDT Macy’s is looking to issue new bonds backed by some of its real estate, excluding its flagship Herald Square... — read more
Macy’s selling real estate ?
https://www.google.com/amp/s/www.cnbc.com/amp/2020/04/17/coronavirus-macys-reportedly-looks-to-use-real-estate-for-cash.html Will 34th street go on chopping blocks ?
MST Demise: Offshore Staffing Companies Kickback System
I would like to ask if anybody knows how the kickback system put in place by foreign companies works at MST. Also, it would be interested to know how widespread the system is. My understanding of the system is that it is a long chain of... — read more
How do you re-open big city doors?
Presumably, New York City and that area will be one of the last areas to get back to "normal". NYC has been releasing criminals back onto the street for months under the guise of "bail reform". They have done more crime and get re-released. Covid 19... — read more
Payment
Did anyone see a deposit from Macy’s today I work in California store
Macy’s not paying bills?
I heard the power has gone out at some locations, electric bills are 30 days past due, has anyone else heard this?
Macy's Digital Saga ...
Macy's: “Digital Transformation” is done. You had 15+ years to get through that. If you’re still not done I have no sympathy. We’re moving on to Anthropocene Transformation. The clock started in... — read more
Bonuses
Hearing the because Macys has paid out bonuses after furloughs,and layoffs that they may not be able for some aspects of retail government assistance
Reopen?
I was hearing that m will only take back people who work there a long time and lay-off people who only work under 2 years or less. But if you make too much I gather are a target
What have you heard about Macy's startup?
Has anyone heard anything about return to work plans?
Unemployment
Anyone else unemployment say ineligible week for the two weeks? I live in Michigan. I applied on the 31st March.
Anyone receive they’re unemployment check yet?
Last week was the first week for me to file, today is the second. I still have not received payment. Does anyone know if it takes this long!
KOHL's doesn't't furlough their Social Media person (from Facebook):
"As we're closed for everyone else but to help our customers - We are going to select 100 Lucky families who can shop as much as they could for up to 1 hour and we will cover all the costs - To Win It Simply Share This Post & Comment " Thanks" We... — read more
Why did Macy's shut down its social media?
What a terrible marketing decision. We are all stuck inside on our computers and phones for hours, basically a captive audience glued to social media. Nearly every other retailer has kept their social media teams going even when the majority of... — read more
Lazard Bankers called in
Another interesting read https://finance.yahoo.com/news/exclusive-macys-taps-lazard-bolster-030410698.html
Interesting story
Who hasn’t worked at M and came home utterly exhausted. https://www.google.com/amp/s/www.washingtonpost.com/outlook/2020/04/11/macys-helped-us-reach-middle-class-furloughed-workers-may-not-get-there/%3foutputType=amp
Happy Easter, Passover and Ramadan
I pray that all are safe. Wishing you all the best.
Polaris
So how’s Polaris going ? With CTo price leaving. I think she knows what’s coming Here’s her take on it. “ My thought is Macys might need a different CFO going forward to help them manage the crisis and to potential manage the winding down of... — read more
Tempe call center January illness
In January shortly after the center was cut , a respiratory infection was running rampant. If anyone can share their symptoms & personal perspective on how it compared to the reported symptoms of cov19 I would really appreciate it. Thanks — read more
Could be down for a long time
https://www.retaildive.com/news/retail-sales-could-remain-down-by-double-digits-through-2021-fitch-says/575781/ Not only M but a lot of retail til 2021
Leave retail!
We were not doing well before all of this - and with most of the people broke and watching every dime they have, we'll be doing even worse when all of this is done. Now is the time to start considering a new career...
Executive PTO
As an hourly executive if I lose any PTO...... IM OUT! I love this company but My only incentive is PTO.
Are we furloughed or laid off?? What will happen next??
Does any one think we will all be called back to work slowly or will some of us never get to come back? I have a bad feeling some of the furloughs will turn into layoffs before anyone even gets called back to work? Anyone have any thoughts or or know... — read more
Cobra
I wonder when we will begin to recieve Cobra paperwork for our insurance?
Stimulas Checks due out this week
Let's keep track of the mailings Who has received it by state please
2020 Annual Meeting of Shareholders
Now that we're all on furlough, mark your calendars: May 15th, 11am Eastern Time. I'd buy a couple of shares just to sit in on this... ... — read more
Macy's: It's Time For Jeff Gennette To Sell Herald Square
https://seekingalpha.com/article/4336448-macys-time-for-jeff-gennette-to-sell-herald-square In today's piece, I will explain why Jeff Gennette and Macy's board should put Herald Square in play. As of Friday's close, at $4.81 per share, Macy's... — read more
Unemployment ... 1 week approximately 800 tries a day ...
This is so so frustrating. While I am thankful for the unemployment. After 7 days I still can't get through in NY. No , I can't use the website. My forgot password reset is linked to a non existent email address Yea, Yea I know it s—s to be me... — read more