After a disastrous holiday shopping season for Macy's Inc. what does this genius of a corporate executive do? He destroys Macy's tech, the only profitable part of the business by closing down all of it's offices and consolidating in Atlanta. Rather than the executives blaming themselves for this debacle they gut the only part of the company that actually adds any value to the business. Way da go, ah, oh, ah, stutter, like in the disjointed way you give speeches. You are really going to catch up to the Amazon's, Target's and TJ Maxx's of the world by doing that move. Jeff Gannette, you are a really nice guy, you care about Macy's, even if so many of the executives below you don't. Bringing all of these has-beens from Home Depot was such an incomprehensibly bad move. If you want Macy's to survive, get rid of this sorry excuse of a CTO you currently have and replace him with someone who actually knows a thing or two about tech; though with consolidating Macy's tech in Atlanta, as of today, that job of replacement just became a lot harder. As for me, I'm happy, two months of pay and severance/bonus makes me 50K up in one of the best job markets in America. Thank you Naveen! I owe you one.
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Yes, time to let go. Retrain, rewire or retire. New horizons ahead!
I worked in Lorain. We were told as long as the product was 80 percent correct, the rest could be fixed later. I guess medium size fell into the 20 percent incorrect.
Interesting! I would just like to add a comment, I posted the original comment long time ago on not reconciling the data.
The brilliant logistic system has just shipped the relaunch for the #1 selling sku for CK Men's underwear and forgot to include size M to the top 10 doors.
How does this happen AND no one catches it! SAD!
Naveen is out, replaced by someone new in a CIO (not CTO) role. The difference in the title is telling.
This guy brought lots of bad people from Homedept. They don’t even know what they are doing . Some of them become dir with out having proper experience. We are going make Macy’s more tech .
Likely the board brought in Hal, who then brought his cronies from HomeDepot and eBay.
Jeff had no say, which is consistent with his being helpless and hapless.
@3tjq+13paqgZ4 "...why 4Th [downtown ATL] when you already have 3 premises and with 1000 staffs gone?..."
Because Johns Creek is a boring backwater where very few people of talent would want to work.
Macy’s Decision To Close Its San Francisco Office Is The Scary Last Nail In Its Own Coffin
by Chris Walton, Forbes Magazine
https://www.forbes.com/sites/christopherwalton/2020/02/11/macys-decision-to-close-sf-office-is-the-scary-last-nail-in-its-own-coffin/#2856a14b3a94
Cost reduction = (- SFO tech office) + Atlanta New downtown Tech office ?
Doesn’t make sense if there are some good cuts made .. looks to be lot of interest conflicts
why 4Th when you already have 3 premises and with 1000 staffs gone?
And renovating building to make more space.
some say the CTO and other new HD folks are closer to this office. :)
I hear there are more Hooters in ATL than in the Bay Area.
@snw+13paqgZ4, I'm sorry to hear about the problem you described. Unfortunately it sounds very plausible and fits the kind of error Macy's Tech in Atlanta would often do.
Not to deflect blames, but Macy's Tech in SF are not tasked with merchandise planning and allocation. That has always been the purview of John's Creek under the geniuses brought in by ex-Delta and Tibco.
THAT's your CTO? Good luck with all of that.
Can someone share the CTO message to tech employees? That post seems to have been deleted
I just wanted to say something regarding the "only profitable part of the business" comment. I have witnessed store miss out on $100s of thousands of dollars in sales because of the Macys tech system producing poor data on what and how much merchandise goes where. The store can not make LY numbers when the tech/ supply systems make errors (ex. shipping basic bread and butter skus by the hundreds to random stores like Park Meadow while shipping less than 10 units to flagship doors, or shipping all of certain sizes to one coast and all of the other sizes to the other.) Its much easier to be a profitable area when you actually have merchandise to sell.
It goes like this:
- [yrs 1-5] 1000 units of product X are sold in Q4
- [yr 6] only 100 units are recieved by error and all sold
- [yr 7] stock levels are tightened, deducted by 20% to LY so yr seven 80 units are recieved and all sold
- [yr 8] item is discontinued, item reads as being a slow seller because the algorithms and other data read the item has dropped in its percent of total sales
NO there must be accountability and reconciling of the data
- yr 7 you dont base the demand on the previous yr when a catastrophic error occurred!
The other thing I wanted to say is anyone looking for tech work should download the Blind app if you are not aware of it.
I'm sorry to hear you lost your job. I hope venting here helps a little bit before time to move on.
At this point, let it go. Jeff has no idea how to grow Macy's. He's preparing the company to be a much smaller one and going back to good old days where tech just need to work quietly in ATL. Merchants work their Rolodex in NY and pour investment capital into stores albeit a lot less number of them now.
Let Macy's go. Their time has passed. They're in a hospice and just want a quiet existence. No need to grow. Just survive the rest of it's days as painlessly as possible. Let we all move on.