Macy's stock is selling off after fourth quarter 2019 earnings and could break support near $11 dropping into the single digits. Today's stick price is $12.90.
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I used to work at Macy's, now at Target.
I asked one of the senior apparel merch about Macy's plan to make Alfani, INC to become $1B brand each. She laughed heartily. She said she'll be very relieved if that's what Macy's is really planning to do. One less competitors to worry about.
March will be horrible.
- 5 years left
Funny, our new district leader was in our store in Washington complaining about how hard she worked and how her stock options weren't worth anything with the dropping stock price. It's hard to feel sad for her when a store down the street is closing and all of the people who we have worked with for several years are losing their jobs in a month. People are still reeling from the announcements and our new leader is walking around complaining about her options. What is happening to our company?
Like a rock! Gravity works!