Macy's store closures

[Anonymous]

Macy's is closing 100 stores. 

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

[CreditMagic7]

Wow that was some article.

Thanks for posting about this.

[Anonymous]

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@CreditMagic7 wrote:

Wow that was some article.

Thanks for posting about this.

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Guess we'll see if it impacts credit services from DSNB.

[Anonymous]

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

[Anonymous]

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

[Anonymous]

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.

[surferchris]

Thanks for the good info.

[StartingOver10]

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@Anonymous wrote:

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

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^^^ 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???