Thread regarding Macy's Inc. layoffs

Email from Jeff & Toni

To: All Macy’s, Inc. colleagues

From: Jeff Gennette and Tony Spring

A Message from Jeff and Tony

Hi everyone,

You are likely aware that Macy’s, Inc. has been the subject of media articles since late Sunday afternoon. This is not uncommon for publicly traded companies, especially for well-known companies like ours. That said, it is our longstanding policy not to comment on articles like these.

Our Board of Directors and senior leadership team are confident in the actions we are taking to position Macy’s, Inc. for continued success. Across each of our nameplates – Macy’s, Bloomingdale’s and Bluemercury – we are excited about the opportunities ahead to drive our long-term growth and success.

We expect there will be additional commentary regarding Macy’s, Inc. in the coming days and weeks by media, analysts and others. We want to emphasize that it is business as usual for all of us, and the best thing you can do is remain focused on the work ahead. Our customers are counting on us – especially during this important time of year – and we are counting on each of you to focus your efforts on delivering the best experience possible this holiday season and beyond.

Consistent with our policy, always forward any external media inquiries about this matter to our Corporate Communications team (communications@macys.com). Similarly, investor inquiries should be directed to our Investor Relations team led by Pam Quintiliano (pamela.quintiliano@macys.com).

We know such stories in the press can be distracting. We thank you for your continued focus, hard work and dedication.

Sincerely,

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| 1871 views | | 6 replies (last December 15, 2023) | Reply
Post ID: @OP+1q5ZTqSG

6 replies (most recent on top)

Is this mail for real? So out of touch. I retired last year, but still checking these pages from time to time.

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Post ID: @zsp+1q5ZTqSG

Terrible company so it’s for the best, I’m surprised they denied the Amazon offer to but the company 5 years ago. I’m excited for the super cheap prices now that they are liquidating and selling the real estate for massive profits. Jeff is about to become even wealthier.

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Post ID: @roy+1q5ZTqSG

It is called "Smoke and Mirrors"! Great job talking around it. I guess that is why you are paid millions of dollars.

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Post ID: @hxa+1q5ZTqSG

Of course!!!! The bo-b will drop soon. They have to sell or file chapter 11. They have run up debt buying back Macy's stock! Over 6 billion!

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Post ID: @crk+1q5ZTqSG

They pretty much said, move along folks nothing to see here!!

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Post ID: @boa+1q5ZTqSG

Well written. They left something out. They are excited about lining their pockets with millions of dollars! Selling us to an investment company is not long term growth! You notice the line, " it is not uncommon for PUBLICLY TRADED COMPANIES". It is uncommon that you hear of an acquisition of a successful company, positioned for success and growth.

The Board Of Directors and you have positioned us for failure and grief in the coming days and weeks. We will stay focused, be certain of that. Focused on the failing performance of our CEO that led Macy's into the ground.
I sincerely hope you can sleep at night knowing you destroyed a nameplate that has served numerous generations.

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Post ID: @jnd+1q5ZTqSG

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