Macy’s stock is now at $7.57 down from $18 a month ago. I think Macy’s will be in the pennies by June /July. Then you will see a blood bath of firing and layoffs.
Too Many Meetings
With recent job cuts most everyone in the company is taking on additional responsibilities which increases our workload. I just added up the amount of meetings scheduled weekly and they add up to 8+ HOURS! I just don’t understand how this can be... — read more
How to Spot an Incompetent Leader (San Francisco)
https://hbr.org/2020/03/how-to-spot-an-incompetent-leader If you want to understand why some companies have a toxic culture, underperform relative to their potential, and eventually collapse — look no further than the quality of their leadership... — read more
Polaris. The true meaning
Polaris is just a b—s— fancy word that Jeff the clueless clown dreamed up to spin the exact same nonsense he’s been spewing since he took over. He doesn’t have any real feasible plan to turn things around. It’s the same biz model but stamped... — read more
Real estate
Being a neighborhood store and having a real estate agent come in and do measurements/take pictures cant possibly be a good sign.
It is over - isn't it??
Macy's stock just hit $9.66 and seems as if there is no bottom. Sorry $9.57 and there is no bottom. Wait $9.54. Now in just one minute or less the stock has hit a low that has not been seen in a long time. $9.53 now as I type. What this means is... — read more
My thoughts part 3
I think m will rapidly go down. First with stock going into single digits as tins of investors back out . More stupid rules to get you fired will come flying down the pike. Job cuts , hours cut. I think it may even come to a point where they just... — read more
Hahaha Macy’s blocked this site
Macy’s has now blocked this site on their WiFi. Seems they do read the postings.
Districts gone?!?
Every time I turn around I’m meeting a new person who reports to the district DVP or whatever they are calling it now. They walk around point out the obvious and leave the store. Gee thanks. Was told store visits are drastically changing, we won’t do... — read more
Poof! I’m a magician!
Macy’s the company where they give you 300 hours of workload with a budget of 100 hours and expect it done and done at 110%. When it doesn’t get done it’s because your not having effective planning meetings, or buying into the total store team... — read more
Laying of District Managers is a new trend
GameStop has laid off a number of district managers, sources tell Polygon, as part of a middle-management cost-cutting exercise. According to multiple sources, the company recently cut as many as 10 district managers, whose job was to monitor... — read more
Macy’s stock
Macy’s still Cuba month ago was $18 now it sits little over $10. I think they will rapidly closes stores and cut jobs faster. It will also be at no notice. I think how Macy’s will go down is rapidly and a big surprise. I still give it 2 years max... — read more
March 2020 will see Macy's stock in single digit
Today the stock will approach less than 10.50
401k?
Former Sales Manager who left the company nearly two years ago, does anyone know how to access the 401k?
Macy’s Union
The more I think about it the only way anything is going to change at Macy’s for the worker is by forming a union. The workload is crazy, less jobs higher expectations and now store managers are the end all be all. I guarantee there are stores like... — read more
Culture of concealment
The U.S. House panel also faulted Boeing for what it described as a "culture of concealment" for failing to disclose information to airline pilots about the 737 MAX's MCAS stall-prevention system linked to both crashes, and that a key... — read more
Neighborhood store checking in. How long until we close?!
A neighborhood store here... Run by a skeleton crew. We've just hit $200,000 BELOW plan for the quarter. On one day in February, a department was DOWN 36% where other neighborhood stores were UP on average 8%. Each day, the hole gets deeper. So, how... — read more
Women shoes
does anyone know if commission are going in W. shoes? I know they lowered it to 1.5 .2.5. 3.5. 4.5 the more you sell the higher the tier.. but things are bad.. so my guess commission will exit soon? I hear June ?
Macy's Agile -- Sprinting towards dead end!
https://blog.aha.io/going-agile-is-not-a-transformation/ I witnessed this in San Francisco. Many companies are describing enterprise transformation in terms of the work — specifically, how the work gets done. This is obviously important since an... — read more
Macy's W2 Download
I left last year and I have not received my W2 yet. Do you know who may be able to help me get that W2 from Macy's? Please let me know.
Megathread - Impacts and Reactions - Coronavirus and Macy's
Add your comments!
Running in quicksand
https://www.google.com/amp/s/seekingalpha.com/amp/article/4328587-macys-is-still-running-in-quicksand
Where is our paycheck?
I was laid off last month and have paperwork stating I will be paid until may. I haven't received pay today or friday.
How long it will take for Macy's to move to Google Cloud??
Etsy Completes Its Migration to Google Cloud in Record Time =================================================== Online Marketplace’s Move to Google Cloud Already Helping Speed Innovation, Meet Sustainability Goals, and Improve the Seller and Buyer... — read more
Macy's is using facial recognition AI (proably illegal)
Macy’s, a paying customer that has completed more than 6,000, are among the private companies with the most searches. https://www.buzzfeednews.com/article/ryanmac/clearview-ai-fbi-ice-global-law-enforcement
Macys San Francisco made Grid Dynamics rich
Deep Data at Macys: Searching Hierarchical Documents for eCommerce Merchandising https://www.youtube.com/watch?v=mKxQBechNiE Grid Dynamics was a high rate contractor who netted high dollar amount from Macy's San Francisco due to critical... — read more
Macy's Stock Could Drop Into Single Digits
Macy's stock is selling off after fourth quarter 2019 earnings and could break support near $11 dropping into the single digits. Today's stick price is $12.90.
HR Frustrations
My family member is working in a temporary position for Macy's and I just viewed their paycheck. He is mistakenly having City of Cincinnati taxes withheld from his check. He does not live in the city of Cincinnati, nor is the store he is working at... — read more
Audio Webcast - Fiscal 2019 Earnings and 2020 Guidance
I always love to hear Gannette's BS excuses on these calls. Already blaming Corona for 1st quarter demise. No Thanks for Sharing; unloading on the new Star Rewards program instead. Neighborhood stores remain for profitability. Link at the bottom of... — read more
Just came back.
I just came back after a hiatus. I was shocked how the growth 250 is in complete shambles. They cut all but a few managers and demoted one. Store manager is being moved but the crazy part is they are down to 3 lp guys and only one works all... — read more
Macy’s is planning for a coronavirus hit
Forget any bonuses for next 2 years. Also, brace for massive layoffs: Macy’s warned investors that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, could hit the department store chain, too. The... — read more
Macy's Stock : 14.60 today (25 the February 2020)
https://www.marketwatch.com/story/a-pause-after-the-plunge-us-stock-futures-rise-suggesting-tuesday-gains-2020-02-24 This sh–ty company should bite the dust this year or next ...
1st Quarter HIIIIKE
All team leaders please report to unemployment line you have 30 days to find a position and managers become area managers. Only 3-4 Managers left in the building. 2 team leads will open and close. Astalavista Baby!
Market by Macys
So the new concept store opened last week. Any information on how the open went and how busy it was? How are customers (not Macys Executives) responding to it?
My thoughts part 3
Just learned my sales manager was let go and store manager was moved. As I watch the stock turn to junk stock ( hit the ice berg ) and I just learned Victoria secrets got bought out by a Equity firm. And forever 21 was sold to Simon malls. , Pier 1... — read more
It is a sad day when merit not longer decides who stays
In case anyone hasn’t been paying attention check out who was kept and who was let go. Just use your eyes. Remember this day in age in this large a company, performance no longer decides whether or not you keep your job.
Ast
I was just given information that ADT is going to 1 full time. Is that correct