I think m will rapidly go down. First with stock going into single digits as tins of investors back out . More stupid rules to get you fired will come flying down the pike. Job cuts , hours cut. I think it may even come to a point where they just tell you today is your last day no package! Let’s face it some malls are doing well but most of them are closing up . With the new fears of Coronavirus , it will make people stay home and order online more. I see complete collapse by June / July. Stock in single digits. Hyping up the stock like it’s a great buy as always. But. The water is coming in at a thousand gallons a minute. You can no longer plug the hole. Start looking for a job outside retail. It’s over
11 replies (most recent on top)
My store had layoffs in January, I’m so happy to be gone! I was fortunate enough to have been sending out resumes and interviewing since October as I was not only fed up, but also felt that something was coming at the start of the fiscal year. It was sad to see so many lifers denying that anything bad was going to happen, and believing everything would be fine. I feel so blessed to be out of there with all the Coronavirus issues going on now too.
M needs to "double down " on its stock. Borrow and buy back shares. Cut the dividend means throwing in the towel.
Jeff G will stay with the the big M and keep clawing back as much money as he can out of the company.
As part of his 3 year plan, he'll close the so called "neighborhood" stores, sell real estate & pocket the bucks. At that point the big M will rely on an online presence and just maybe a few of the "market" stores. And last, there will be no money to pay the vendors because Jeff G will have milked it out of the company. Good luck to everyone. Life is good, just not at Macy's.
The only thing J knows how to do is fire people, which he does with delight. Awful merchant and leader. Need new leadership ASAP to manage through this quagmire.
The biggest question is if Jeff will actually make a decision any decision. He literally says nothing.......
Macy’s needs to cut or even stop the 14% dividend their paying investors and diverted back in the employees, online and stores. I can’t find any company that pays out a 14% dividend and especially businesses that are struggling to stay solvent. When, and they will, the stock will go to 5 and lower.
We can only hope that the end is near!
Give me a break. A little extreme. Such drama.
Macy's will be under private equity soon ...
Such doom and gloom! JCP and Sears are doing much worse, and yet both still operate. JCP stock is around 67 cents a share! M isn't going to roll over anytime soon.
I agree that Macy's end is accelerated and near ...