Just heard we can only use 1 PTO and the rest have to be sick days while we are getting the emergency pay so what happens after next week
Just curious
Do you think Macys is going to reopen this week? Its suppose to be on the 1st, somehow I don't see that happening maybe the week after or around the 15th.
Three managers quit without notice
In my store three managers quit without notice today
Macy’s is hanging on by a thread
5 months of cash left, executives making over $500,00 a year with no pay cut, this place is so f— I n g Messed up
40HRLY non salaried Execs
What is the deal with the 40HRLY Non salaried execs not being allowed to come into work and help? They are the ONLY ones in the company that aren’t getting a paycut and DO NOT HAVE TO WORK! What the f_??? I am a salaried sales manager working my... — read more
5 months of cash left for M
https://www.marketwatch.com/story/macys-kohls-have-about-5-months-of-cash-available-putting-them-at-risk-from-extended-closures-analysts-say-2020-03-27 Hopefully we will be back before then
Five Months of Cash?
Oof. https://www.yahoo.com/finance/m/d97e2040-c6a3-3344-ac45-9e4805cfb893/macy’s-kohl’s-have-about-5.html
From Moody's downgrading to junk bonds Mar 26 6 pm
Macy's will need to "refocus its efforts toward prioritizing the preservation of liquidity and delaying its strategic plans to improve its operating performance," Moody's said. Weaknesses in Macy's credit profile "have left it vulnerable to shifts in... — read more
Not a Coronavirus related question, does that mean it doesn’t deserve to be answered?
I had my last day with Macy’s on 3/13. I left the company after 4 years. I just got off the phone with HR and the lady was rude as hell to me. She told me my question was not important right now as they’re dealing with coronavirus issues. Obviously... — read more
Silly Con Valley has s---ed Macy's dry ...
I really think of Naveen as a CTO GOD to shutdown Uber expensive 680 Folsom (floors 8 to 14). I feel so happy that 680 Folsom Macy's.com sign us finally coming down.
18 Days Cash Burn per WSJ
Anybody see the front page of the WSJ today? 18 days cash burn. https://www.wsj.com/articles/coronavirus-puts-a-premium-on-cash-even-for-biggest-u-s-companies-11585153040
Uncertainty, and optimism
Yes, the future of Macy's is VERY uncertain at this point in time. In contrast, the future of the world as we know it is just as uncertain. Who would've guessed two weeks ago that we'd be where we are right now? The entire country shut down. The... — read more
CEO's Email: Furloughs & Layoffs Are Coming
Dear colleagues, I love this company and our incredible people. And I look forward to the day when this crisis is behind us and we can resume our normal lives. However, today’s painful reality is that COVID-19 is taking a heavy toll on our... — read more
There goes 2019 bonus!
We want to acknowledge that the COVID-19 crisis has had a significant impact on our colleagues, communities and our business. Macy’s Inc., like many other companies, has been impacted by the crisis and we have had to make some difficult decisions. ... — read more
Heartbreaking
By now JG email has been seen by everyone. It’s totally scary. When you look at the economy you’ll see that it’s not just Macys, it’s everyone. Macy’s is doing whatever it can to survive. This is going to be the rock bottom of the economy. I say turn... — read more
Are they gonna eliminate 401k match?
Do you think they'll screw us out of the 401k company match? It would be just like them. Usually it happens around this time of year.
Send me home
The dvps/rvps tell the store managers no more than 2-3 to a building. That is not happening! We have 6+... working 8-5pm. No protective measures being taken! Our store manager is crazy. They gave us a paper to show the police that we have a right to... — read more
Unsafe work conditions
send me home. if I ask, I’ll be blacklisted with limited future. the store managers are ridiculous. wish the rvps and dvps would come to the store and be exposed. we have no preventative measures happening. we are working 7+ and close all day. i’m... — read more
28 hours disaster pay
NON-EXISTENT. We only got 16 for FT. Other companies have paid their employees full pay for at least a few weeks according to news. Guess they are saving it for JG bonus!
Nieman Marcus bankruptcy
Nieman Marcus https://www.retaildive.com/news/neiman-marcus-mulling-bankruptcy-filing-bloomberg-law/574744/
Macys Permanently Closed in Hicksville, New York
Macy*s in Hicksville closed on Tuesday, March 17th, 2020 due to COVID-19 when it was supposed to close on Sunday, March 22nd, 2020. I feel really bad for also the workers also the store was very unique it had 1956 Armor Traction Elevators and Pelle... — read more
April 1st
Do you think the stores will open on April 1st or be pushed back? I checked on insite and there was actually a schedule for some part of April. Of course there is a schedule for this week as well under the reports button. What does everyone think?
So what happens Now?
https://www.cnbc.com/2020/03/20/macys-withdraws-earnings-outlook-suspends-dividend-amid-coronavirus.html
Macy’s market.
If you go to Macy’s jobs. You will see line cook and Starbucks jobs. I think they will be starting to convert hum drum stores into the new concept ASAP. Problem is I doubt any mall will be open for next 3 months. Plus I think if you’re being paid... — read more
Macy's Dividend
As expected, M suspended it's dividend today, however the dividend declared for April may be paid. In addition, 2020 business reports....etc.....may not be made public. This news, not unexpected, will certainly impact the stock price. UGH.
We Hide The Hurt Behind A Smile
Jeff, it was good to see us taking action in response to the corona virus, closing stores and taking care of our customers, hourly leaders and colleagues, directing corporate, regional, and divisional executives and staff to office from home so that... — read more
I'd take a 50% cut
If someone can guarantee that I'd get to keep my job at least a year
If you think you are going back to work on April 1st - rethink your position
Let's be realistic - here are some facts: took China to clean up Wuhan about 8 weeks, reopenings started about 11 into it we are not as organized as China, Wuhan was on a complete lockdown mid Jan - we are still loosy-goosy people will start... — read more
Will we ever be able to recover from this?
We were down as it is, having to close all the stores seems like the final nail in the coffin to me. I think a lot of businesses will not recover after the coronovirus crisis is over, especially in retail. I'd like to think I'll still have a job... — read more
We are not closing, looking forward to returning to my job!
I work for Macys and they are doing their best to keep customers and employees safe! They have kept all their employees in the loop as to what to expect, and we are being treated fairly! We are not closing, looking forward to returning to my job!
We Closed @ 6pm til 4/1
We are being paid for 16 hours plus hours worked for first week, then 28 hours per week after that . We can use PTO (sick/vaca at vaca rate) up to 40 hours. We were not allowed to wear masks or gloves. We ran out of hand sanitizer but were given... — read more
Are we getting paid only for the first week or ongoing?
I read here that someone said they were told to use PTO or file for unemployment after this week. I was under the impression we were being paid 28 hrs FT and 12 hrs PT through April 1st.
I can't believe Macy's would stoop so low
I see some of you believe Macy's would use these coronavirus-caused closings to shut some of its stores for good. Do you have any idea how much bad press that would rain down on us? It's not that I think our higher-ups are incapable of something like... — read more
My store closed at 6PM, we hope it'll reopen on 4/1 - but, it may take longer
This is really concerning. This is my only souce of income and I hope I get to keep it.
No gloves, no masks, no hand sanitizer...
The store may be closed but if you are a salaried manager you are still required to work. We all have to go in every weekday and work from 8 to 5. We are expected to do hourly jobs like stocking and markdowns from now until we reopen. We have 10... — read more
California's schools will likely stay closed for the rest of the academic year
SACRAMENTO — California's schools will likely stay closed for the rest of the academic year over coronavirus concerns, Gov. Gavin Newsom said Tuesday in a jaw-dropping prediction for families barely settling into new weekday routines with children at... — read more