Need to know.
15 replies (most recent on top)
What's going to happen to the name brand merchandise vendors? Now that Macy's is being bought out are they going to pull out from Macy's. Also what's going to happen to the signature departments or commission departments? Is there going to be no more commission anymore, especially on beauty and fragrance departments.
Macy's will follow Sears to the retail graveyard. It's just a matter of time. Inventory prep is just around the corner and starting February is the new fiscal year for Macy's. So be prepare for all this changes coming in after January and I'm guessing all the year of 2024.
The investors are just looking for real estate play they're not looking for retail they're thinking liquidation. It's going to happen, just be ready for alot of clearance markdowns in your stores.
Eddie Lampert bought Sears and Kmart back in 2005 for the real estate. It's now 18 years later there are less then a dozen Sears and Kmart stores left.
Why would an investment company want to buy Macy's?
Real estate! They would close stores and sell the properties which are worth more than the business itself.
It's very curious that this "rumor" has leaked just 2 months before Jeff is set to retire...not a coincidence at all! NO WAY! /sarcasm
Lawton, yes, I bet he is. Smart man. I bet if he had been the CEO it might have been a different picture for the company.
Tractor man is laughing
This buy out deal has been in the works for many, many months. A legitimate offer. I suspect the "deal," is in the final stages and will close prior to JG exiting the company.
MACY'S has not been purchased yet. Do you even know how long it takes for a purchase a multi million dollar establishment??? ...it's not like you just walk up to the self checkout counter and swipe your card!!! Some of you commentors are RIDICULOUS!!!
I don't understand.....why are we selling to begin with,? Is it due to debt? Lack luster sales? Why would an investment company want us? Makes no sense to me.....
Actively working with what group? The investors that already purchased us? This is getting crazier by the day! JG should have enough respect for us that he makes an announcement to calm the waters. I realize there is some information he can not speak to, but there is quite a bit that he can. Requesting that JG step up and let his employees know something!
Wait.,....we (Federated), bought them when they went into bankruptcy! This sounds promising!
That’s a silly rumor about the Macy’s family wanting to help buy it back. lol. They sold the company in 1895. lol.
DollarTree :)
As of yet, nothing has been "bought". Rumor has it, the original Macy's family is actively working together with the group to purchase the company back. Wanting to return the company back to it's original format with modern technology!