Just as they were not prepared for the onset of a pandemic, Macy's also did not prepare for the return of people to stores with the pandemic subsiding. I don't understand, how come they never think a little ahead?
They are so short-sighted, it’s amazing. Instead of laying off the people who carried this company on their backs, they should have cut most of the unnecessary positions at the top and instead brought in someone with brain who actually has a sense of business.
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Well to be fair no one was prepared for what was coming in 2020. Look at the oil industry for starters, remember that oil was negative per barrel. 2020 accelerated Macys issues and possibly plans (global management team etc.) before there time. If you look at the history in the last 5 years M as truly eliminated, reorganized and closed stores and moved tasks all over the place. Most retailers in the last 3-5 (even profitable ones) have done some of the same moves. Large difference is Macys is struggling for market share and others are changing with the times and to be more efficient. Just look at our BOPS vs a Target store.
macys never had any sense of biz... why get rid of your tops sales people? cause they make too much a hour...instead the kept all the cheap slackers and do nothings. and they wonder why the numbers are in the toilet and unsustainable. I drive by macys and the parking lot has no more than 20-30 cars in it.. now count for employees working which is prolly around 20 to 25 cars .. the rest is people walking thru macys or shopping there... macys has no real plan they are playing it by ear till it gets wiped out