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Macy's store closures

Community Leader
Valued Contributor

Macy's store closures

Macy's is closing 100 stores. 

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

 


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Message 1 of 8
7 REPLIES
Super Contributor

Re: Macy's store closures

Wow that was some article.

 

Thanks for posting about this.

Message 2 of 8
Community Leader
Valued Contributor

Re: Macy's store closures


CreditMagic7 wrote:

Wow that was some article.

 

Thanks for posting about this.


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

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Message 3 of 8
Super Contributor

Re: Macy's store closures

Yeah ... quite an article and not a day brighter!
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Message 4 of 8
Established Contributor

Re: Macy's store closures

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

No late payments, have over $150K credit lines from all major banks discussed here, 777 FICO scores, and inquiries dropping like flies. Doing better than most here. LOLOL Goal: 850 FICO across board. Heh. Smiley Happy
Message 5 of 8
Established Contributor

Re: Macy's store closures

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.

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Message 6 of 8
Established Contributor

Re: Macy's store closures

Thanks for the good info.

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Message 7 of 8
Moderator

Re: Macy's store closures


paperchasers 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???

Message 8 of 8