I used to think that Macy's was too much of an American icon to ever completely disappear, but considering what happened to Sears, I no longer believe that to be true. Now I think this place has maybe another five years at the most before it closes all its doors. Am I wrong?
12 replies (most recent on top)
It's going to be a matter of time ⏳ look at what happen to Forever 21.
Macy's will be bought by a private equity firm.
A lot of their new merchandise can be found at Nordstrom rack(including their website) for a lot less. And most of their customers are there to look for deals. It’s always messy, and seems like every Macys I’ve gone to either has employees who work the floor hiding in stockrooms, or dressing rooms, while the sales associates at the registers are being “trained” on hospitality but they’re just wasting the customers time instead of doing a fast check out which most of their customers prefer. My prediction is that another 50 stores will close in the next 5 years for sure.
I was at a closing store and was able to transfer to a N75 store 3 weeks ago so I think I have a pretty good basis for comparison. And I would agree with a previous poster that there are definitely differences. A few off the top of my head - more options in merchandise; extra staffing so recovery, register and putbacks are not all placed onto only 1 or 2 people; overall staff morale is much higher
What are you getting in a F50/N75 store that others are not?
I am not claiming superiority. I'm acknowledging that working in an F50 store probably means I'm missing many of the scars and potholes.
Good for you working in a f50/n75 store. Good for you. You are not any better, if anything you will probably be replaced with a younger version of yourself willing to take less money and work longer hours and have no life. What is this different lens you speak of?
The R125 stores are in a whole different thriving world.
I meant no! It will not survive. See the rest of my comment below.
Yes, it will follow in the footsteps of Sears at an alarmingly fast pace. Dirty, unkept stores. Failure to pivot to the buying trends of the biggest current consumer generation (millennials) They consistently fill stores with product that dying boomer generation has purchased for the past 50 years. Communication failure (right hand) corporate not knowing what the (left hand) is doing or how it operates. THIS IS A BIG ONE. ISM… it’s not working and they fail to realize this! You can’t provide hospitality with 1 person on the bottom level of the store. They are ringing how can they possibly help the other 3 customers at the same time? Lastly…. Employee retention… they allowed managers to get rid of tenured employees during the COVID workforce reduction. Well the reduction hasn’t worked in our favor as it was used to get rid of good employees that the store managers didnt like. The knowledge, expertise, and work etiquette has not been replaced.
Can it? Yes. Will it? Dunno. Next 5 years are pivotal.
Much of what is posted on here is hyperbolic nonsense tinged with paranoia and right wing oddness. However, I understand that working in an F50/N75 store has me seeing things through a different lens than a colleague in a smaller market or dying mall.
its self imploding to be sold off to investors for real estate.. its all a part of a revamp of cities and nyc landscape.. your new 15 mile smart city prison