Anyone hearing anything about further region and district staffing reductions heading into the fall season. My Store Manager was expressing her concerns about our one day sales results and the stock price drop today and commented that I should stay in stores and not apply for a district job I am interested in. Don't want to move to a district job if there are upcoming reductions. Any advice would be welcome.
8 replies (most recent on top)
Bottom line, of you want a career in retail go to Amazon. You will be with a successful company and can leave the c-ap of Macy's behind you. All of you posting here know your days are numbered. Why go through the stress of it all. Get out now!
"Macy's is facing some real challenges as more and more consumers move to purchasing online"
Yes, and the irony is that Macy's is gutting its online operations with layoffs at Macy's Tech
Well : @10taAIXB-1jcy the irony is I quoted a previous post. And my point is Macy’s market shares will continue to lessen, with that even more store closures, when this happens even more layoffs. This means no your career is not safe. How do I know? Yes I was laid off too you genius. Yes I was being sarcastic ! Last Duh!
Driving the shares way up? You really are out in Left Field. This person asked for advice about their career, not a shill posting for Macy's stock. Expect more store closings and more mid-level management consolidations (district and region would be my guess). If you are worried about long term career security, I suggest checking to see how many stores have been closing in your district lately, if here have been a lot your store manager might be right.
If career security is really what you are looking for, you should get out of retail stores and learn a skill in a more promising field. Macy's is facing some real challenges as more and more consumers move to purchasing online. The number of stores the company currently has is unsustainable in the long term and the company itself has stated the long term outlook is to reduce the count from over 600 locations down to the 350 to 400 store range.
All signs point to current strategies not having the desired impact with renovations (growth stores), Backstage, and Story not driving the needed comp store sales increases. The only real encouraging aspect of the business besides the value of real estate is Macy's online business. The challenge with the online business is that Amazon, Walmart, Target and other retailers are developing new ways to fill orders in a day, expanding their online presence and assortment, and generally outpacing Macy's who continues to rely on fulfillment and online strategies initially developed more than 10 years ago .
Try using Macy's website to order, you have a good chance of running into a systems issue. Even when the website works well, getting an order in less than a week, let alone one or two days is unlikely. Good luck which ever career track you choose.
Macy's stock tumbles before 2Q earnings release. Yes, stocks go up and down however, I believe Macy's is rated a "sell". My bet is this stock will tumble more on the 14th. I rate this a sell as well.
Can’t wait to see 2nd quarter results on Tuesday. The glass is half full?
Two things: 1) the market will go up and down, September is coming and the stores will be hiring for the holidays. 2) you might be a good GSM & your SM wants to keep you, but that Dist. job is not going to wait. Was the job made known to you by a Regional who wants you to interview for the job? Even if you don't get the Dist., job, it doesn't mean you're losing store location job.
The effort being put into the stores remodeling are driving up market shares.
Way to go Macys!
Perhaps the big chiefs are getting it right..