Thread regarding Macy's Inc. layoffs

Don’t forget to blame it on the last of foreign tourists and the bad seasonal weather for not selling the same costs for the last 5 years.....

JG is speaking tomorrow that's a sure fire sign the stock will drop tomorrow and Friday. NOBODY can put a room of people to sleep like him and PP.

If Macy’s can use a bankruptcy filing sooner rather than later to shed most of its stores, keep a few flagship stores, lighten its debt load, and concentrate its remaining resources on building its online brand and fulfillment infrastructure, it might have a better chance of staying relevant as an internet brand — and forget the department store.

The department store’s bonds were among the biggest decliners in the high-yield market Monday following a downgrade further into junk by S&P Global Ratings.

While not ideal, I think it would be unfair to suggest that this is something that Macy’s and other retailers hadn’t imagined as a possibly while devising a strategy to get through the pandemic.

The timing of this announcement seems is interesting though, as stores are gradually announcing plans to reopen. According to reporting, Macy’s is working with Bank of America to raise an additional $5 billion. Macy’s already has enough liquidity to survive into the next year, so it’s likely their new debt will go towards paying vendors who they couldn’t extend terms with.

Still, buying habits will likely have to change with Macy’s having to store and carry over some merchandise into the next season/year. But with the additional 5 billion in hand, they could also re pay the 1.5 billion they owe for unpaid merchandise.

Also of note, Macy’s stock continued to rise even as this reporting emerged.

Again, not ideal but also not unexpected and it is something that can be managed.

Yeah this will create a Rough road ahead. I don’t think M will make

Ouch...vendors demanding full payment on delivery could spell the end for these retailers. This is last thing they'd want with so little revenue coming in.