Macy’s is trying to be the last man standing approach to survive this plaque . Why this won’t work. 5g is being rolled out which unleashed new technologies with it. M is too broke and fired all that tech to capture it. Amazon waited to launch drones cause think about it. 5g will allowed robots to make the company even bigger. 2 hour delivery with drones rolling out 2021. Amazon Go which is cashier -less grocery. Amazon has a drone home security cameras rolling out 2021 Amazon has go-kart robot delivery (2021). M signed up for door dash. M is rolling out dark stores , M website is shotty. M has that millennial who barely shows up to work and when he/she does it barely works . Amazon made billions during lockdown , M lost billions. M laid of 30,000 Amazon hired 30,000. To put this more blunt. Amazon stock is at $3200 share and M is at $6. Six-dollars !!! Last but not least M is attach to a mall. You can see the end coming
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Dear Last Man standing, You win the million dollar prize. I said the same thing back in March when I lost my job after 22 years.. Amazon will profit from all these stores folding 2 warehouses just opened in my area. It was a Gods blessing that I got out, I am now working in hospital where at least I am appreciated. Keeping my fingers crossed that that they don’t close too because we are laying off in hospitals too. I just hope you got out before the sunami hits. Good luck!
Most likely it has been for sale if the right money came along...more worried about Jan huge debt service payment...then private equity enters the picture. Stay tuned!
Does anyone have an article link that relates to this topic - M for sale?
The ex-Macy's in downtown Seattle is now an Amazon cube farm. Except that now all those people are working from home, so who knows what it's good for today. The value of any of this commercial real estate is questionable.
Just wait until the corporate debt-defaults start in earnest! 😃🍿
The company is "for sale"- all or in parts. It is difficult, however, to assign value on each piece. A real estate asset could be turned into needed housing in suburbia but the strategic plan and worth are still in flux.
I thought $jwn was trying to be the last brick-and-mortar retailer standing. Who will survive?
So when is it officially going up for sale ?
It appears M is trying to make some anemic efforts to get the company sale-able in total or in parts for 2020 - 2021. The name and the real estate have value (although not as much as pre-covid). The scholars who drove the company into the ground the last 10 years are now making decisions to cut costs to make the fire sale look more valuable. For those still trying to run a business, the decisions look non-sensical (ie no LP). Think of it as an estate sale when someone has passed on....
Would be nice if the SEC took a look at senior mgt activity and golden parachutes as we move forward.
Why waste your breath? You're just gonna go down with the ship anyway.