What are your thoughts? Please be frank...
11 replies (most recent on top)
I bet 9/10 of you haven’t even looked at the books but feel very eager to share your thoughts on running a business. Get your emotions out of it and think about what you’d be doing if you ran the company.
So there is a happily ever after 🌈
As much as some want it gone, the answer is yes. Smaller sure but yes, and they wont have a year and half left or any such thing. They are struggling make no mistake. Then people will reference Sears and JCP etc etc, but look how long they have been hanging around, often large companies that are going to fail take a while. Its simply doesn't happen overnight and its difficult to foresee the time line.
Macys isn't there yet where dropping off the planet is in sight. Property alone can bail them out. They will be much smaller than before in the future, certainly not what they were. Even if smaller footprints help, or different business plans are all open to debate ( easy to bet that they fail).
They wouldn't be bought by anyone other then private equity firms. The market just isn't there for this type of business. We all know and see the current cuts and reorganization but a business class 101 will tell you, you need to cut costs to manage expense. Could it get worse, it probably will. Is it the end, no.
WHO ???
Are they still closing 45 stores a year for the next two years?
It will be sold and be renamed Stacy’s and they will sell clothing for large women.
Yes, Virginia, there will be a Macy's. Any function deemed "unnecessary" (ie stock people) will be eliminated. Other functions will be parceled off to other companies on the cheap. More stores will close. Malls turned into housing. Name and assets eventually sold (maybe 2022) to a company w online innovation. And, of course, Jeffy will be pursuing "other ventures". Nata is great person to lead use through whatever we are entering and the door can bump PO on her tush on the way out.
Who is Frank?
Probably file for bankruptcy
Have close more stores due to debt bubble coming in 2023 plus more layoffs and stricter regulations such as don’t give customers coupons etc. much like Sears and jcpenny. The death spiral started with no commissions as of feb. lord n Taylor did this so did Sears and jcpenny. You know how their story ends. Plus Birkenstock shoes just sold to a Equity firm. I see the same is going to happen to Macy’s
Probably half the stores , to survive another year . Big debt looming over their heads.