https://www.google.com/amp/s/www.fool.com/amp/investing/2020/11/16/1-retail-stock-to-avoid-no-matter-what/ Basically M has a combined debt of over 5 billion. Hence the cuts coming of 1.5 billion come January. There will be a major refinancing and job changes. Article says not to invest in any dept stores.
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Yes buzzards flying over of soon to be dead dept store formally known as Macy’s. !
Where any buzzards flying overhead!
Store looks good with decorations but there is no customer or associates. Plus I drove into mall and it was so dead a fox was running thru lot. Lol
I am not surprised by any of the text in this piece. One just has to walk the stores to see that the future for Macy's looks bleak.