topic Re: Macy's store closures in Credit in the News

Macy's store closures

Anonymous — Thu, 11 Aug 2016 17:25:48 GMT

Macy's is closing 100 stores.

http://money.cnn.com/2016/08/11/investing/macys-closes-100-stores/index.html

Re: Macy's store closures

CreditMagic7 — Thu, 11 Aug 2016 18:42:18 GMT

Wow that was some article.

Thanks for posting about this.

Re: Macy's store closures

Anonymous — Thu, 11 Aug 2016 19:05:33 GMT

@CreditMagic7 wrote:
Wow that was some article.

Thanks for posting about this.
Guess we'll see if it impacts credit services from DSNB.

Re: Macy's store closures

Anonymous — Thu, 11 Aug 2016 19:13:08 GMT

Yeah ... quite an article and not a day brighter!

Re: Macy's store closures

Anonymous — Sat, 13 Aug 2016 10:17:16 GMT

Glad they're hurting. They're a POS store anyway

Re: Macy's store closures

Anonymous — Sun, 21 Aug 2016 20:13:50 GMT

Sad tale for Macy's they swallowed up so many family owned and other stores, causing them to grow extremely fast.

I have a dislike for Macys perhaps it is because they swallowed up so many retailers changing them to the bland name of Macy's.

Re: Macy's store closures

surferchris — Thu, 27 Oct 2016 05:55:00 GMT

Thanks for the good info.

Re: Macy's store closures

StartingOver10 — Fri, 28 Oct 2016 22:43:44 GMT

@Anonymous wrote:
Glad they're hurting. They're a POS store anyway

^^^ Agree 100%

From the article: "Macy's has simply not bothered with a large rump of stores for many years: they have lacked investment, been devoid of management attention, and now look distressed and dispirited," Saunders wrote in a report.

And I agree with that statement too. Last time I was in a Macy's, and it was years ago, it was so messy and disorganized it felt like shopping at a KMart (and I haven't been there in 25 years either!). If management doesn't care enough to have a decent layout design and have items set up in an organized manner, then the store will lose sales IMO. Who wants to paw through poorly displayed junk???