I'm a former employee and was in a local Macy's recently and there were DJs and fashion shows and just lots of stuff going on. Someone who worked there told me it's because the store is an F50. Huh? First there was G50. Then there were "Inspiration"... — read more
CREDIT OBSESSION!
ls this form of "bullying" happening in any other store?: Basically, everyone's name is on the board, and if you opened a credit last week, your name is in blue ink this week. However, if you didn't, your name is in RED ink!
Another month of Alphabet people charity
Ah yes another month of endlessly asking for donations for another marginalized group of people ,given to an unaccountable organization we no nothing about. I'd like to let Tony an the other half wits know it is also Military Appreciation Month but... — read more
Answers should come End of Month?
I suppose after the BOD meeting (i think May 17), then earnings call May 21, perhaps we will know a bit more?? https://www.hometextilestoday.com/financial/effort-to-privatize-macys-quietly-rolls-forward/
Issues logging into Insite
Anyone having issues logging into Insite?
Macy’s location for sale
https://www.bizjournals.com/atlanta/news/2024/05/07/macys-northlake-mall-for-sale.html
Signs of a Buyout
Hello If you google Macys stock it no longer comes up on google search but hasn't been a you can find it on other Marketwatch websites but not google and I find that very odd. I used to google it a few times a week and always pops up.. Not... — read more
Buy out chatter ?
Could any higher ups provide us any gossip about the Arkhouse deal ? Are they close to buying out ?
241 Days Left Until 50 Stores Close
With so much going on in our stores it is easy to forget that 50 stores will be closing by the end of this year. If these 50 stores have an average of 100 employees, that will be 5000 additional Macy's colleagues and Managers impacted. Only 39... — read more
Store Director Mood Change
Store Director got off her conference call today and had a complete mood change. Store is on the potential closing list. Did this happen anywhere else? Do you think something just got announced? Hope to find out soon, this game is getting old!
Closing?
Just announced that the lakeside mall in Sterling Heights,Michigan will be closing July first. The media said that Macy’s and JCPenney will stay open. Does anyone know for how long?
Traffic way down
It feels like business has fallen off a cliff.... no traffic coming through the doors. Is .com making up the difference? If not, this is not sustainable, IMO.
Store inspiration and experience for customers
Hello Tony……so many mediocre stores that YOU are responsible for…and that represent the brand….…I As a very Experienced former proud, retail executive and now part time associate for Macys. ..Once THE American dept store we were proud of…. My... — read more
If Gennette makes nearly $12 million a year, employees are being duped
If Gennette made almost $12 million last year, we as rank and file employees are being duped, lied to, and exploited. We need to stand up, and fight for ourselves. The average Macys employee is making $15 per hour, or about $30,000 per year, why is a... — read more
Customer experience?
One of the worst things that we ever did was outsource credit. They're not well trained, they argue with the customers, and as soon as the customer hears the offshore accent, they get irritated. If this is the year of improving the customer... — read more
Nordstrom
so ole Nordys wants to go Private much like Arkhouse wants to turn macys Private. seems the big box stores like to follow each other to the grave. My prediction is Macys will be taken over by end of May and everyone that is higher up will be... — read more
Executive Compensation 2023
In case you don’t know how much our fearless leaders rake in Gennette- $11,821,259 Spring - 5,777,959 Mitchell - 7,877,403 Kirgan - 3,123,894 All while reducing headcounts and outsourcing jobs. Just keep this in mind when you view your paltry merit... — read more
Inflation was 3.4% in 2023, salaried raises are between 2.0% and 2.6%
Congratulations on all of the hard work you put in last year, the raises for salaried employees this year don't even offset the increase in inflation in 2023. If your manager hasn't had the conversation with you yet, get ready to be disappointed. ... — read more
Article from Retail Dive: inside a closing Macy's store
https://www.retaildive.com/news/inside-macys-closing-department-store-ballston-quarter/707317/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202024-04-16%20Retail%20Dive%20Newsletter%20%5Bissue:61128%5D&utm_term=Retail%20Dive
Quarter Earnings
Does anyone know how our numbers are looking for this quarter?
Reviews
Any conversations on reviews happening in your store.? No conversation in the store I'm working in. Just curious.
sales and support staff targeted by security
In recent weeks, a number of colleagues in my store have suddenly been suspended/and or fired for minor offenses- things that in the past might have just resulted in a "conversation" at best. In addition, there is no more talk about "empowerment" at... — read more
Annual Incentive Plan
Does anyone know what the Annual Incentive Plan for Executives is this year?
Macy's, Inc. (NYSE:M) executive vice president Danielle L. Kirgan, who oversees the company's transformation and human resources, has recently e
More insider sells than buys recently. The market tells you all that you need to know.
Insider Sell: EVP, COO & CFO Adrian Mitchell Sells 13,249 Shares of Macy's Inc (M)
Always interesting when the CFO sells off more of his position in the company.
Rumored Closing List?
https://www.retailwatchers.com/viewtopic.php?t=4320
What guarantees a store is closing?
Ok what is the deal here with the 150 store closings? Are they just strictly underperforming or does it have to do with other factors? I can see locations within dead malls being enough of a reason to shutter, but what about like other competitors... — read more
34th street
So not sure if you heard the news of Sam ash music closing its 34th street store as well as its Edison NJ and 16 more stores location. Sam ash 34th is right next to Macys flagship store and makes me wonder if the foot traffic is going down fast... — read more
Macy's Pension
Retired Macy's employee here....for those of us that are receiving pension payments monthly, what happens if Arkhouse takes over? Are our pensions protected?
Macy's underperforming locations
Here are some of Macy's locations that I've heard are underperforming that I believe will be closing as part of their plan to close 150 stores and here is some of my commentary on why they may be closing those stores. HOOVER AL-RIVERCHASE GALLERIA... — read more
Any chance Arkhouse buyout would change the 150 stores closing?
Now that the company is working with Arkhouse on the potential buyout and taking Macy's private, what do you think the chances are that the Bold New Strategy to close 150 stores changes if they are successful?
Chicago managers' meeting?
What's the all-hands-on deck managers' meeting in Chicago about?
Update on the stage of negotiations
https://www.cnbc.com/2024/03/14/arkhouse-macys-proxy-fight-continues-as-deal-negotiation-progresses.html
For those who are curious about what stores are closing..
For those who are curious about what stores are closing, this list might be a clue. Beware, this list is not the closing list, since I don't work at Macy's and hence don't know that information. But here is a list I created of the Macy's that are... — read more
Can Someone Please Post The Macy’s Closing
Please put locations here that were announced earlier this year. Thanks
How's visual going in your store?
Now that there are Visual Managers back in the stores, how is it going? Has it made any difference? What does the VM do?
Jeff Gennette selling NYC property
Jeff Gennette selling NYC property Jeff is selling Park Slope townhouse for 7,000,000 Wonder why he's leaving Peaceful safe Nyc? does he not like the woke agenda anymore?
News
https://seekingalpha.com/news/4077750-macys-gains-amid-report-i-could-directly-negotatiate-with-investor-group