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Macy's and Bankruptcy

Regular Contributor

Macy's and Bankruptcy

I read online that Macy's is one of the companies that might go bankrupt. If they were going to file bankruptcy, how would that affect people that have macy's credit cards/store cards. Would it affect it in anyway? Would those cards be closed or anything like that?
Message 1 of 8
7 REPLIES
Established Member

Re: Macy's and Bankruptcy

ok where did you get that from

cause from what i have been reading in the news

 

  • SEPTEMBER 22, 2009, 10:16 A.M. ET
US Retail Sector Gains As Macy's Is Upgraded By Citigroup

 

 

" Macy's shares rose 4.8%. Analyst Deborah Weinswig said the company's My Macy's initiative to target local markets continues to gain traction and should lead to improved sales and margin trends ahead, particularly beginning in 2010. Declining product costs also could lift gross margin by half a percentage point next year, she said. The analyst raised her 2009 to 2011 profit estimates and doubled her price target on the stock to $30."

 

 so thats not going to happen no time soon

 

Message 2 of 8
Valued Contributor

Re: Macy's and Bankruptcy

Can you possible post the link to that story?

 

Thanks

 

 

 

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Message 3 of 8
Frequent Contributor

Re: Macy's and Bankruptcy


cobra19 wrote:

Can you possible post the link to that story?

 

Thanks

 

 

 


http://www.marketwatch.com/story/macys-localization-focus-is-paying-off-analyst-2009-09-22

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Message 4 of 8
Regular Contributor

Re: Macy's and Bankruptcy

I was just checking my email this morning, and AOL usually has news on the front page, and thats where I read this.
Message 5 of 8
Valued Contributor

Re: Macy's and Bankruptcy

this news was also on yahoo web page today - listing several companies, including Macy's...

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Message 6 of 8
Valued Contributor

Re: Macy's and Bankruptcy

it was on comcast home page today.  the top 10 companies to go bankrupt. 
Message 7 of 8
Highlighted
New Contributor

Re: Macy's and Bankruptcy

 

Okay,

I've read about Macy's 1992 bankruptcy and I saw a news clip from December 2008 naming Macy's as a likely candidate for bankruptcy. If this were true (a recent bankruptcy filing), seems like it would be front page news. Since the store was bankrupt before, let's ask the members who have Macy's accounts from 1992 and before what happened.

Message Edited by Safe4Me2 on 09-22-2009 06:15 PM
Message 8 of 8