Rating agencies aren't quick to rate a company's debt as "junk." Things have to be very, very bad for them to do this. These agencies have access to a company's true state of affairs, which in no way resembles the happy talk employees are... — read more
Macy’s stock downgraded to Junk
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/645F6D95-8A1D-4566-BCBE-9FF06B4A3CC2 So it’s now called junk lol
They know they made a mistake with Macy’s Tech.
Despite what our CTO has said, a large percentage of transfers have NOT been offered. Even fewer have accepted the offer. Mainly directors are going, who don’t actually do any of the work! Good luck with that. Rumor has it they are scrambling and... — read more
Macy's setting up old stores for failure!
Was a Macy employee for 17 years, and was on the let go list 2 years ago. The managers will go to any length to promote dishonesty in pushing an employee to open charges for customers, including telling a customer their current Macy charge will be... — read more
Don’t drink the kool aid ..
Remember don’t drink the kool aid....
Extra Associate Discount?
I have noticed there has been no notice put out yet about the extra associate discount for 2020 yet. As far as I know, there has not been one since December. Any news on this perk?
Does anyone know?
I’m a selling associate being laid off at a union store due to the store is closing. Do I get all of my vacation hours (120 hrs) paid out to me when I leave? Store is closing at the end of this February. Are union stores on the same vacation policy... — read more
Cost savings but at what cost?
Wow, so many talented people gone, so many executives who worked their entire career to get to district, regional, and corporate levels pushed out or pushed down. People still reeling from the announcements and changes last week. No time to come to... — read more
Is this a promotion or ?
My store manager vp store manager was moved to another store but new title is senior director store manager. Is that a promotion or demotion?
SFO Office relocations
Were there truly any relocations offered from SFO > ATL? As I understand, the first wave if layoffs are set to end by April 17th as per the WARN filing. Are folks still coming to work? It must be really hard for them to come to work everyday knowing... — read more
everyone who left is happier
it is tough to be caught off guard with the recent layoffs, but if it's any consolation, everyone I know who has left Macy's is happier now than before. In some cases, more pay. In some cases, more free time. In all cases, more happy. Good luck... — read more
"The Industry is Changing"
Yes, it is, much like the transportation industry was changing when cars were invented while the horse and buggy makers assumed it was just a fad or wouldn't have too big an impact on their business. Sound familiar? It should. The brick and... — read more
Neighborhood Stores Revised
Here is a NEWLY REVISED comprehensive list of newly classified neighborhood stores. (I missed the south stores in my other post. Sorry colleagues NORTHEAST: 22 Parkchester 30 White Plains Galleria 42 Brass Mill Center 46 Fox Run (NH) .. — read more
New Bloomingdale’s will open at Westfield Valley Fair
https://www.mercurynews.com/2020/02/06/heres-when-bloomingdales-will-open-at-westfield-valley-fair/
Neighborhood Stores
Here is a comprehensive list of newly classified neighborhood stores. NORTHEAST: 22 Parkchester 30 White Plains Galleria 42 Brass Mill Center 46 Fox Run (NH) 48 Crystal 51 Trumbull 88 Brunswick Square 170 Commack SC 171 Hampton... — read more
HR @ 680 Folsom
Does anyone know what happened to HR at 680 Folsom? Are they still there until April?
This should scare everyone!
If fast fashion can’t make it. How will Macy’s ? Forever 21 sold https://www.retaildive.com/news/forever-21s-81m-sale-wins-court-approval/572187/
Macy’s translated
Story. Aka. Dollar store failure junk People leaders. Promoting incompetent people to take manager roles for less Backstage. What do we do with all these returns ? Got your 6. Donation to military yet we don’t give a military discount and a... — read more
Forbes article about Macy’s management
Wow! This Forbes article is a really eye opening view of management - https://www.forbes.com/sites/christopherwalton/2020/02/11/macys-decision-to-close-sf-office-is-the-scary-last-nail-in-its-own-coffin/#322e66b13a94
Logan Valley Mall
Is this a neighborhood or core store?
So this is how the story ends .....
Closing 16 of 36 story’s. https://www.google.com/amp/s/www.fool.com/amp/investing/2020/02/10/macys-to-close-16-of-its-36-story-boutiques.aspx
Building a tower on top of 34th street
I think it’s a diving board for Jeff when next years numbers are coming out. https://www.6sqft.com/macys-herald-square-flagship-tower/
Ap budgets
Anyone have any idea of the ap budget cuts coming soon?
How much less stores will Macy's have by the end of 2020?
Not sure I want to really know, but I imagine that number could be a good indication of the rapid speed in wich this company is falling.
Job Seeking Tips
I worked for Macy's for several years and left a few years ago. It was scary since I almost never interviewed for a job and I was super rusty. I have had ups and downs since I left Macy's but since then I have expanded my network, took on bigger... — read more
It's been chaotic...
Glossy spoke with a member of Macy’s digital team about the scene inside the New York office on Tuesday. Source: https://outline.com/huSPb7 – Confessions of a Macy’s employee mid-layoffs: ‘It has been chaotic’ KATIE RICHARDS... — read more
Execution style
https://www.google.com/amp/s/www.glossy.co/fashion/confessions-of-a-macys-employee-mid-layoffs-this-is-the-worst-it-has-been/amp
Laid Off! Now What?
To anyone impacted by the Macy layoffs I want to share resources that I found helpful: CareerOneStop: List of all Federal Assistance programs... — read more
Why is myHR down for the past 4 days??
My guess is they don't want anyone seeing the new directory/organization chart just yet so it's "down for maintenance"... but I need my pay stubs!! Grrrr
Fired ?
How can I get fired ? I can’t stand working here anymore.
Accountability
Again one of these! Laying off tons of those that worked hard every day and impacting their lives tremendously, but who is asking "why?" Every time I open up LinkedIn, I see praise to one or another hard working individual, or team, being grateful... — read more
Macy's in Seattle
Literally replaced, floor-by-floor, by Amazon. Brick-and-mortar is truly dead if you can't keep a store open in the heart of a thriving boomtown. Seriously, wth?