Macy’s Inc. investors Barington Capital Group and Thor Equities released a presentation today demanding a series of measures to increase shareholder value, including reducing expenses, setting up a business unit to sell real estate, and strategies for leveraging Bloomingdale’s and Bluemercury.
Can't imagine how we could possible cut any more expenses, but the other ideas seem to have possibilities. Thoughts?
Bi--h, it's not DEI that is raising costs. Its corporate design with the stupid European trend shopping trip directors and above attend. It's corporate marketing trying to get all these influencers and make their own QVC moment with "Macy's Live," which flopped. It's having an excess amount of team members in one department and not hiring real support for others.
All Macy's does is try to copycat with nothing that feels genuine. Corporate has the stupidest meetings to fill the void that they are in a sh-t hole.
Lower expensive by any all this DEI bullsh-t
I’m sick of these activist investors. They are all just bottom feeders. All they care about is the real estate. All they WANT is the real estate at the expense of everything and everyone else.
Cut expenses by not producing so much On 34th.
So far, Macy's has made many bad choices, contributing to its revenue decline. I can at least comment on the private brands. They continue to regurgitate designs, hire people without a sense of design trend analysis, and fail to retain talent.
Tony says in a recent earnings call that he is making efforts to improve the footwear and handbag department at Macy's store, and blah blah sees results. Well, it doesn't help when your assortment su-ks and will continue to flop. So yeah, sell Macy's for parts because they have a deep-rooted issue internally that they are failing to address. Primark opened recently in the same mall as Macy's in Queens, NY, and that's going to eat away at revenue as well.
These activist firms are amazing how they can come in and make all of these demands. Unless you have people on the Board these are only suggestions and Macys doesn’t have to act on it. Think long and hard about what they’re looking for. Sounds like a real estate fire sale to me for quick profits. Not so sure about spinning off Bloomies and Bluemercury.
Reducing expenses means layoffs and reduced staffing. Staffing is always the biggest expense and the easiest way to cut costs.
Activist shareholders, they can ask for, suggest or even demand anything they want. It only matters when you have the votes. Real estate is already being sold but now they want it sold sooner than later. That just creates the above mentioned “fire sale” that benefits only the buyers. On top of that they want a huge stock buy back. Sure, why not…just print some money. It works for the Feds.
it's not about maximizing Macy's sales or profits. It's a fire sale. The big layoffs will have to start in central All necessary functions that can ne farmed out will be.33