I am posting this while driving a tractor ...
https://finance.yahoo.com/news/macys-will-probably-disappear-before-you-know-it-strategist-180442564.html
6 replies (most recent on top)
good!!!! leaving macy's was the BEST thing for me.
luxury....ha ha ha... moldy walls, torn carpet, peeling wallpaper, plastic bags,
In response to @lsu+16OFr8Cw: yes I agree with you. Two very different views. And let me ask, how does Macy’s intend to go after the “luxury” market when it’s stores can’t even keep Levi’s shops neat and organized? And having pulled Visual from stores won’t help their cause! Good luck!
I always predicted that Jurassic Park aka Macy’s has 1.5 years left. They may squeeze 6 months out of that mix . Dept stores are going the way of the dinosaur . Plus you don’t have a leader who even owns a computer. Toast I say ! Toast !
3-5 years? This boat might have 2 years at most - and that is being generous. Our sales are anemic, and getting worse by the week. But right across the lot of Dillard's, the place is packed.
Differences in management style
One based in fantasy
https://www.cnbc.com/2020/09/02/macys-ceo-sees-opportunity-in-luxury-retail-as-others-go-bankrupt.html
The other in reality
https://www.cnbc.com/video/2020/09/02/former-macys-ceo-on-the-shift-from-brick-and-mortar-shopping-to-e-commerce.html