I might be paranoid, but it feels like somebody wants to see Macy's fail. I thought this was just the case in my store but it seems to be happening all around. The best people, the people with the most experience are being let go and those who barely do anything are always spared. This goes for all positions, managers included. Why would anybody who wants to see this company succeed do something like that?
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I’m just a customer and stumbled on this site, but I can tell you that Macy’s digital marketing is awful. Its emails are used as an example of bad marketing in a class I just completed. I agree that the website stinks too. Also, the inventory sucks and whose idea was it to group stuff by brand name? I spent 10 minutes trying to find junior dresses and when I did, they were not anything I would buy. Just put all the junior clothes together in one spot! Good luck to employees. It sounds like it’s bad. If they work you that hard, why not go to Amazon? I think starting pay is $16/hour, plus benefits, plus opportunities to grow (no I don’t work there, just an outsider’s opinion).
**Ceo is getting side money and cashing in on its failures.
Nope, bonuses are paid when a stock reaches a price point. Not when the stock falls. Just ask Marvin over at Lowes.
Amazon was successful because they didn't pay taxes - billions saved over the years. At the cost of starving communities for tax revenue for schools, police, fire – Bezos is no hero.
you sound like a very reputable source, enquiring minds deserve the truth!
Old companies consistently fail against newer competition over time because they inherit the costs of older infrastructure and overhead. If you start a company that's efficient from the get go, it's going to win. Jeff Bezos' mantra was always your margin is my opportunity. Macy's has to pay for retail space. It has to pay for the upkeep of spaces that no one wants anymore. Where it used to have 500 stores around it in a certain radius 30 years ago, it now has 2,000. Now warehouses have same day shipping, and people are perfectly happy to shop in bulk at warehouses without fitting rooms, or indeed, order clothes online, where sales per employee is orders of magnitude greater than bricks and mortars.
The future of Macy's is a real estate company trying to repurpose its space, because on the ground retail of non-perishables is obsolete. Macy's at best is a glorified convenience store whose only advantage is proximity, and charges a hefty premium because they can't afford to compete on cost. If you've ever thought that a retail job was a place to stay longer than a couple of years until you found better opportunities, you took a serious wrong turn in life.
Ceo is getting side money and cashing in on its failures. Since he took over it’s been all down hill. Macy’s is no longer needed as well as malls. Drone delivery is coming , Amazon Go , ceo knows this and doesn’t try to turn things around or embrace technology or use it to get better . Macysjobs website is a Abomination , firing laying off true talent has always been Macy’s way since ceo took over. Why would you fire your top salesman? Makes no sense. Macy’s has a time limit