Peers, Why are the stores sitting with so much last act? We are a northern door with a stockroom full of swim, tank tops, and shorts, plus 50 h racks of last act on the selling floor. Can we pull this cr-p so we can place the huge quantity of sparkles, glitzs, and glitter onto the floor? Tank tops or glitter; decisions, decisions. Swim or parkas: decisions, decisions. Will there be a massive penny pull soon? No where to go with the new or the ancient product.
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They sat on the markdowns from Spring/Summer for entirely too long. Now we have to deal with this mess in the middle of peak receiving, merchandising, and signing. I get that, say, GIII may not want their Calvin Klein merchandise going down to $4.96 within a span of eight weeks, but there’s no excuse for the private brand stuff marking down this late. What makes matters worse for my location is that we are also getting transfers of markdowns and Backstage merchandise from other stores soon since we’re going out of business early next year (we don’t even have our own Backstage!!!).
I’m 110% with the user who said we desperately need a massive Penny Pull.
Just a thought: What about eliminating Backstage areas contained within existing go-forward stores and relegate that floorspace to Last Act? It goes back to deciding on Macy's identity. Are we going to be more upscale or to compete with Marshalls and TJMaxx? Define your customer base and decide. Can't do both successfully.
We had a tough week and only made it to a little more than 60% on completing yet another huge markdown workload. We have so much Last Act in the stockrooms and we continue to pull more off the floor everyday to make room for the new stuff coming in on the trucks. Somebody just dropped off what he called capacity straps that allow us to hang twice as much apparel in the stockrooms by offsetting merchandise on hangers, we are calling them Last Act straps as a joke. Inventory will be brutal if we have to scan everything in the stockroom, I hope it's a RFID scan this year and we can just wand the stockrooms.
Leave the go back racks and stock rooms open for customers to shop Last Act!
Macy's hangs on to clothing for FAR, FAR too long! We'll have summe clothing until March....
We are in the same boat. Too much Last Act su-king up too many fixtures and too much floor space. We need a massive penny pull now!!!
We held off on doing markdowns in October so that the Q3 results would look better but now we are marking down so much merchandise that our team won't be able to finish this week. If we are lucky, we will hit 60% and that's just doing the marks and running tickets, we aren't even trying to move it and sign it. Tomorrow starts a two day clearance event but we would have to open our stockrooms and sign them if customers wanted to shop where most of our Last Act is at right now.
There are last act signs under 4.96, 9.96, 19.96, 29.96, 39.96
I’ve always said they should have clearance centers separate from the main stores like Dillard’s does. It’ll dramatically make the full-line stores feel more upscale. I know the company wants Macy’s to evolve more into a Bloomingdale’s luxury brand so “Last Act!” you gotta go…
Why not send it to the last act location....
My store doesn't give Last Act any love or attention... ever! We have rows and rows of Last Act rtw.. never gets sorted... or cleaned they just keep stuffing more and more on the rack where it's impossible to shop, then they just expand when needed.
If we sort Last Act by pricepoint or even size it'll sale faster bc our customer is discount driven but right now it looks worse than a thrift store...at the very least a thrift store is classified.
Oh and must not forget the Last Act transfers from the F 50 doors....yippie
Because they are not on display until they are last act. If nobody moves them to the floor, customers wont see them.