Macy's is excepted to announce the 1st round of closures the end of May. G.O.B. will start Mid-June and will last 8 to 12 weeks. The affected stores will be shuttered by either late August or early September.
Question of the week
Did any of the senior leaders consider the impact of announcing the company would be closing 150 stores and then only telling the stores that are on the list? WTF. Our store isn't on the list, but since nobody outside of the closing stores know, we... — read more
Interesting article
For all those who continue thinking M is in the same state as Sears and will close anytime soon need to read the article I ran across. Sure some of the recent upswing in stock price is driven by takeover rumors but I would like to think it is more... — read more
Macys firing top sales people
Macys is the only company i ever saw under Jeff leadersh*t that got rid of all their top sales people. He destroyed the company from within There was a indian guy who sold 1 million in Mens suits a year then the commission was gone and they had... — read more
Late breaking news
NEW YORK--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE: M) today confirmed that it has received a revised, unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the... — read more
Arkhouse raised its bid.
Is this it? $24 a share
re: replacing colleagues
Anticipated side effect of the announcements about closing stores? Stage whisper comments from People Leaders about replacing colleagues with younger colleagues with better metrics from closing stores. It might not be a mistake to do some HR... — read more
Macy’s corporate watching this site?
They must be, right? But to what end?!
Are these Macy's underperforming stores??
Are these stores listed below all of Macy's underperforming stores. Or are there some I forgot to include? Or are some of these listed some of Macy's better performers?? SanTan (Gilbert) Arizona 355 Northfield Stapleton Colorado Orchards... — read more
Small Store Strategy
so being they announced 50 stores will close a year are they still opening the smaller locations?
How long does it take to plan a mass layoff
In yesterday's business updates the head of HR said there are no plans as of now, and mass layoff takes months to plan, can anyone share how long they need to plan such a thing? Given sales are down badly this month, not hoping much for Q1 results. — read more
This is the end of Macy's
When you start shrinking at this rate instead of growing or at least maintaining the number of stores, it's the beginning of the end. They might say they will close 150 stores over the next three years, but I wouldn't be surprised if that number... — read more
This whole thing could have been handled so much better
There isn't enough transparency. Employees have no idea what's going on and that affects our work. How hard is that to figure out? The more we stress over things and the more we wonder what's going to happen, the more morale will go down, and with it... — read more
If your store is on the closing list, please name it here:
There's no published list available to the stores yet but let's get a list going here.
"Corporate tiers 4 and 5 - you are the weakest links."
Can someone explain what tiers 4 & 5 are, the titles etc. Also if anyone has any info of upcoming ax timeline (may/june?) that would be helpful too.
Still Here?
What does closing 150 stores mean for those of us who still work here? Well, there's the obvious. 150 stores is about 30% of the Macy's portfolio (not including Bloomies, and Blue Mercury). All of the managers and employees who work at these... — read more
List of closing Stores 2024.
Macy’s refused to give a listing of stores let’s list them here.
Macy’s Manchester NH
Is my location closing? I’m on leave and I don’t really want to call and ask. I might just not return from leave if that’s the case.
Macy’s NYC has a homeless problem
Macy's in NYC has so many homeless people inside their store that it requires partnership with a homeless outreach team. WTF? Why is anyone putting up with this?... — read more
Here we go
These closings will reverberate throughout Macy’s. I expect waves of layoffs, well beyond peeps in affected stores.
Is todays earnings reports and strategy update the next layoff????
Anyone read yet?? Closing 150 underperforming Macys??? This is wild.
Capital planning this week
In corporate there will be capital planning this week, please update what's going on
New taking your break procedures
Have y’all heard about the new requirement starting, I believe, March 6, that we will be required to answer questions about whether we have or have not taken our daily breaks and if not why not. Supposedly you cannot clock out until you have answered... — read more
Spring Business Update Call
Random call added for Store Managers , DVPs, RDOS, and HRBPs on Friday evening for tomorrow at 5pm. What could it be?
I am tired from just thinking of Monday
I lost all the motivation to work. It’s not about possibly losing a job, but boarding a sinking ship every Monday.
What happens if the private equity gets seats?
If they do get board seat or seats.. What to expect?
Macy's will go the way of Sears within the next 5 years
Nothing can be done to prevent this at this point.
Old but still very interesting
https://www.cnbc.com/2024/01/25/arkhouse-macys-take-private-financing-is-in-place-kahane-says.html
Question for the stores with no OOM
Who has taken over their duties?
Todays Letter From, here if you have not read yet.
To: All Macy’s, Inc. colleagues A Message from Tony Hi everyone, You may have seen that we just issued a press release announcing one of our shareholders, Arkhouse Capital, notified us that it has nominated a group of individuals to stand... — read more
Layoffs update
Do we know anything new for certain? I have a bad feeling about where all this is going.
Are we sc--wed?
Tony's new message on Arkhouse Capital, who has nominated a group of individuals to stand for election to our Board at the 2024 Annual Meeting. Sounds like we are done.
Thoughts?
https://www.thelayoff.com/post/@byuz+1qXmkWXa
SINCE WHEN????
We can't wear hoop earrings, or wear our hair down!! What does that have to do with our performing our job duties and responsibilities??? Plus, WHY are we being threatened with termination of employment lf we don't open enough Credit Card... — read more
Who is Macy’s hiring? 😳
We have a new colleague, full-time position, very weird and sketchy person. Well I decided to do some investigating and it turns out there is a mug-shot out there with a dui and domestic violence within the past year??? WTF?! This person didn’t even... — read more
Announcement Next Week?
Anyone hearing that there will be another announcement next week? Store Manager's in Vegas are being told they need to be available for a call even if they are on PTO. What up? Thoughts?
Store Colleagues Unavailable Days
Does anyone know why there are no unavailable days that we can take? Usually we get 3 a month.
Anymore Buzz About Q1 Results
Wondering if anyone heard of any buzz regarding the potential spiral if we bo-b Q1,hence have fall outs in June?
State Street status?
As a lot of people know the lower level candy section of the iconic Marshall Field’s flagship has closed! Makes me wonder if the store itself is going to last much longer. They already took out the central atrium and sold off the upper floors… I’m... — read more