Macys borrowed 4.5 billion against troubled real estate and lack luster inventory to keep the company going until 2023.
apon walking thru the titanic (Isidor Straus a former macys owner died on the titanic cause he didn't get out in time )I found alot of things that caught my attention.... 1: No music in the store 2: the escalator was off and is only turned on during the weekend. 3: the landscaping looks like the start of Jurassic park 4: everyone looks worn out and wiped out exhausted.. I know I worked there.. 5: No Runners in shoes , the runners was moved out on the to floor which leaves No one to organize the shoe stock room but only the former runner comes twice a week to unload the trucks.. which is also not alot of new inventory. 6: Brand Names have left the building, so long Levi's, Nike, Anne Kline , under armor, dyson, etc etc and replaced with no name c-ap no one has heard of.
it almost seems like they do not care about some stores while others seem to be ok.
7: shoe clearance is marked down to $19.99 and they have tables for of $9.99 shoes . 8: people are liking other people getting better jobs/careers outside the titanic on linkedin everything is pointing in one direction.... down ....JG said they will merge a smaller company... 770 down to 250-300 by 2023.. hence the properties are gonna be sold off which brings in a stand alone M.. Unless covid does more shut downs then ill see you at bottom of ocean
Love Rose