Who are the pessimistic people who say that Macy's will sooner or later file for bankruptcy? Why do you think this will happen? I refuse to believe that something like this will happen, although everything indicates that if the company continues to operate as it has so far ... there is no hope. I used to work at Sears and I know some people there who refused until the last day that something like this would happen, and the current situation here reminds me a lot of the atmosphere at Sears once.
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Macy*s owns a lot of property and has helped them before. Leasing or selling space. Now with flex schedule's being the new norm how much does that play into it? Office space won't be at an all time high that's for sure.
Outside observer here. The similarities are overwhelming between Macy’s and Sears. Macy’s feels like it is where Sears was in 2010ish. Can’t close enough stores but doesn’t want to sacrifice markets. Vendors shying away leading to worse and worse merchandise that customers eventually turn away from due to quality issues. A egotistical CEO that doesn’t seem to worry about the business at its core. It’s a sad day for many in the USA as we have already lost one cultural icon in Sears and many signs pointing to that fate with Macy’s.
Won’t be until the next stock market collapse...have no idea when it will come but I don’t think they will survive it.
So maybe 2024??
$100M 1st Qtr! JG will be paying himself a huge bonus and back on the social justice war path! Start building his statue in front of HSQ! What a joke!
Maybe Eddie Lampert! 🙉 🙈
Sears and Jcpenney went bankrupt but JCPenney was bought out from Simon Property Group. They own of bunch of malls across the country. I'm just wondering who's going to buy Macy's 🤔 ❓
1st quarter earnings will be a good indicator.
It's just of matter of time that Macy's goes bankrupt. ⏳ 🧐
1:Macys only made 160 million profit since covid happened.
2: no more commission in shoes leads to employees who no longer care
3: employees in general are being worked to sheer death
4: the macysjobs site does not work and hasn't worked in 6 months for new hires
5: The CEO just wants to line his own pockets
6: Macys is loosing vendors and replacing it with cr-p products at high margins to stay alive
7: store managers and managers in general are over work with to high expectations
8: macys is fallen to a sears /Jcpenny level now with cr-p cloth , no one in store, no real plan of turning around .
9: Mall traffic is in decline for years and will only get worst.,
10: drones will come and wipe the malls out in 2022
11: No body cares about macys anymore