Current Events > Macy's announces 5,000 job cuts, more store closures

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Scorsese2002 01/04/18 1:41:02 PM #1:	https://www.msn.com/en-us/money/companies/macys-announces-5000-job-cuts-more-store-closures/ar-BBHRtZV Macy's is planning 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for physical retail. The retailer's cost reductions come after its holiday sales in stores open at least a year rose 1.1%. Although the company described its holiday sales as "solid," the performance trailed fellow department-store chain J.C. Penney, which posted a 3.4% increase Thursday. Macy's will shutter seven locations it had previously not identified for closure: Miami (Downtown), Miami The Oaks, Gainesville, Fla. Novato (Furniture), Novato, Calif. Honey Creek Mall, Terre Haute, Ind. Birchwood Mall, Fort Gratiot Township, Mich. Fountain Place, Cincinnati Burlington Town Center, Burlington, Vt. The retailer also said Thursday it is moving ahead with four other store closures previously announced: Laguna Hills Mall, Laguna Hills, Calif. Westside Pavilion, Los Angeles Stonestown Galleria, San Francisco Magic Valley Mall, Twin Falls, Idaho The moves are part of a plan announced in August 2016 to close 100 stores. Altogether, the company has now revealed 81 of the 100 locations. Net job cuts, including the closures and reductions at remaining locations, will total about 5,000, Macy's spokesman Blair Rosenberg said in an email. The company also said it would add jobs in certain locations to properly staff stores. Liquidation sales are likely to begin Jan. 8 and continue for eight to 12 weeks. Looking ahead to 2018, we are focused on continuous improvement and will take the necessary steps to move faster, execute more effectively and allocate resources to invest in growth," Macy's CEO Jeff Gennette said in a statement. The company has been struggling with its massive real estate footprint and traditional retail model, as Amazon.com soars and physical competitors such as treasure-hunt retailers T.J. Maxx and Marshall's offer alternatives. Despite the challenges, Macy's reported strong performances for active apparel, beauty products, shoes, dresses, coats, fine jewelry and some other items. The company also said its digital sales jumped by double digits. --- https://www.twitch.tv/dtake86 <cite>Scorsese2002 posted [p:893415028] in Macy's ann... [t:76167871]...</cite> <quote>https://www.msn.com/en-us/money/companies/macys-announces-5000-job-cuts-more-store-closures/ar-BBHRtZV Macy's is planning 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for physical retail. The retailer's cost reductions come after its holiday sales in stores open at least a year rose 1.1%. Although the company described its holiday sales as "solid," the performance trailed fellow department-store chain J.C. Penney, which posted a 3.4% increase Thursday. Macy's will shutter seven locations it had previously not identified for closure: Miami (Downtown), Miami The Oaks, Gainesville, Fla. Novato (Furniture), Novato, Calif. Honey Creek Mall, Terre Haute, Ind. Birchwood Mall, Fort Gratiot Township, Mich. Fountain Place, Cincinnati Burlington Town Center, Burlington, Vt. The retailer also said Thursday it is moving ahead with four other store closures previously announced: Laguna Hills Mall, Laguna Hills, Calif. Westside Pavilion, Los Angeles Stonestown Galleria, San Francisco Magic Valley Mall, Twin Falls, Idaho The moves are part of a plan announced in August 2016 to close 100 stores. Altogether, the company has now revealed 81 of the 100 locations. Net job cuts, including the closures and reductions at remaining locations, will total about 5,000, Macy's spokesman Blair Rosenberg said in an email. The company also said it would add jobs in certain locations to properly staff stores. Liquidation sales are likely to begin Jan. 8 and continue for eight to 12 weeks. Looking ahead to 2018, we are focused on continuous improvement and will take the necessary steps to move faster, execute more effectively and allocate resources to invest in growth," Macy's CEO Jeff Gennette said in a statement. The company has been struggling with its massive real estate footprint and traditional retail model, as Amazon.com soars and physical competitors such as treasure-hunt retailers T.J. Maxx and Marshall's offer alternatives. Despite the challenges, Macy's reported strong performances for active apparel, beauty products, shoes, dresses, coats, fine jewelry and some other items. The company also said its digital sales jumped by double digits.</quote> ... Copied to Clipboard!
Blue_Inigo 01/04/18 1:41:50 PM #2:	Thanks Trump --- "This is your last dance." <cite>Blue_Inigo posted [p:893415065] in Macy's ann... [t:76167871]...</cite> <quote>Thanks Trump</quote> ... Copied to Clipboard!
Irony 01/04/18 1:42:21 PM #3:	Thanks Amazon --- I am Mogar, God of Irony and The Devourer of Topics. http://i.imgtc.com/tHc3mIo.png http://i.imgtc.com/PYxw8Lm.png <cite>Irony posted [p:893415087] in Macy's ann... [t:76167871]...</cite> <quote>Thanks Amazon</quote> ... Copied to Clipboard!
kingdrake2 01/04/18 1:42:31 PM #4:	Blue_Inigo posted... Thanks Trump never shopped at macy's. does suck if a worker (at least there's a safety net) can get unemployment. --- I'd hate to be that guy. he'll be dodging freak accidents for the rest of his life now. Final Destination rules - RickyTheBAWSE <cite>kingdrake2 posted [p:893415098] in Macy's ann... [t:76167871]...</cite> <quote><cite>Blue_Inigo posted...</cite> <quote>Thanks Trump</quote> never shopped at macy's. does suck if a worker (at least there's a safety net) can get unemployment.</quote> ... Copied to Clipboard!
Sada_Pop 01/04/18 1:43:02 PM #5:	That fucking sucks --- People would have you believe that the accusation of racism is more offensive than ACTUAL racism. <cite>Sada_Pop posted [p:893415118] in Macy's ann... [t:76167871]...</cite> <quote>That fucking sucks</quote> ... Copied to Clipboard!
MC_BatCommander 01/04/18 1:43:20 PM #6:	Figured it was only a matter of time tbh. I did 100% of my shopping online for the first time this Christmas... It was so much more convenient and easy than going to a crowded department store. Plus the prices online are better like 90% of the time. --- The Legend is True! <cite>MC_BatCommander posted [p:893415133] in Macy's ann... [t:76167871]...</cite> <quote>Figured it was only a matter of time tbh. I did 100% of my shopping online for the first time this Christmas... It was so much more convenient and easy than going to a crowded department store. Plus the prices online are better like 90% of the time.</quote> ... Copied to Clipboard!
butthole666 01/04/18 1:45:15 PM #7:	It's only a matter of time before they close the one @ the mall i work at. Once ananchor store closes, a mall is p much done. :/ --- "Kenan & Kel is what made me realize I wasn't racist." ~ NewportBox100s <cite>butthole666 posted [p:893415222] in Macy's ann... [t:76167871]...</cite> <quote>It's only a matter of time before they close the one @ the mall i work at. Once ananchor store closes, a mall is p much done. :/</quote> ... Copied to Clipboard!
soulunison2 01/04/18 1:46:39 PM #8:	MC_BatCommander posted... Figured it was only a matter of time tbh. I did 100% of my shopping online for the first time this Christmas... It was so much more convenient and easy than going to a crowded department store. Plus the prices online are better like 90% of the time. Prices in store are better tbh, clearance is awesome <cite>soulunison2 posted [p:893415304] in Macy's ann... [t:76167871]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>Figured it was only a matter of time tbh. I did 100% of my shopping online for the first time this Christmas... It was so much more convenient and easy than going to a crowded department store. Plus the prices online are better like 90% of the time.</quote> Prices in store are better tbh, clearance is awesome</quote> ... Copied to Clipboard!
daftpunk_mk5 01/04/18 1:46:51 PM #9:	I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? --- Some say that his voice can only be heard by cats, and that he has two sets of knees... all we know is, he's called the Stig. <cite>daftpunk_mk5 posted [p:893415312] in Macy's ann... [t:76167871]...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> ... Copied to Clipboard!
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Antifar 01/04/18 1:49:03 PM #11:	Gonna be fun when retail implodes. Each month, the industry loses more jobs than the coal industry currently has. --- kin to all that throbs <cite>Antifar posted [p:893415421] in Macy's ann... [t:76167871]...</cite> <quote>Gonna be fun when retail implodes. Each month, the industry loses more jobs than the coal industry currently has.</quote> ... Copied to Clipboard!
Sada_Pop 01/04/18 1:49:07 PM #12:	daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? --- People would have you believe that the accusation of racism is more offensive than ACTUAL racism. <cite>Sada_Pop posted [p:893415426] in Macy's ann... [t:76167871]...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> ... Copied to Clipboard!
#13	Post #13 was unavailable or deleted.
Darklit_Minuet 01/04/18 1:51:23 PM #14:	Sada_Pop posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical <cite>Darklit_Minuet posted [p:893415527] in Macy's ann... [t:76167871]...</cite> <quote><cite>Sada_Pop posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical</quote> ... Copied to Clipboard!
soulunison2 01/04/18 1:51:52 PM #15:	Darklit_Minuet posted... Sada_Pop posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical Haaaaa if its not $200 raw denim then it aint touching my skin <cite>soulunison2 posted [p:893415557] in Macy's ann... [t:76167871]...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Sada_Pop posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical</quote> Haaaaa if its not $200 raw denim then it aint touching my skin</quote> ... Copied to Clipboard!
Irony 01/04/18 1:52:01 PM #16:	daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? I can get a car for $100 from a junkyard or for $40,000 at a dealership --- I am Mogar, God of Irony and The Devourer of Topics. http://i.imgtc.com/tHc3mIo.png http://i.imgtc.com/PYxw8Lm.png <cite>Irony posted [p:893415561] in Macy's ann... [t:76167871]...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> I can get a car for $100 from a junkyard or for $40,000 at a dealership</quote> ... Copied to Clipboard!
ZMythos 01/04/18 1:52:12 PM #17:	Thanks Trump --- Rainbow Dashing: "it's just star wars" AutumnEspirit: kissu <cite>ZMythos posted [p:893415573] in Macy's ann... [t:76167871]...</cite> <quote>Thanks Trump</quote> ... Copied to Clipboard!
Darklit_Minuet 01/04/18 1:52:35 PM #18:	Irony posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? I can get a car for $100 from a junkyard or for $40,000 at a dealership There's actually valid reasons to spend more money on a car. Pants just need to cover your ass and have pockets <cite>Darklit_Minuet posted [p:893415589] in Macy's ann... [t:76167871]...</cite> <quote><cite>Irony posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> I can get a car for $100 from a junkyard or for $40,000 at a dealership</quote> There's actually valid reasons to spend more money on a car. Pants just need to cover your ass and have pockets</quote> ... Copied to Clipboard!
butthole666 01/04/18 1:52:45 PM #19:	JustMyOpinion posted... I could blame Amazon, but instead I'll blame Trump's tax plan being ineffective because that supports my liberal agenda. Why would you even mention this Nobody else has Are you even a real person --- "Kenan & Kel is what made me realize I wasn't racist." ~ NewportBox100s <cite>butthole666 posted [p:893415596] in Macy's ann... [t:76167871]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote>I could blame Amazon, but instead I'll blame Trump's tax plan being ineffective because that supports my liberal agenda.</quote> Why would you even mention this Nobody else has Are you even a real person</quote> ... Copied to Clipboard!
Irony 01/04/18 1:53:32 PM #20:	Darklit_Minuet posted... Irony posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? I can get a car for $100 from a junkyard or for $40,000 at a dealership There's actually valid reasons to spend more money on a car. Pants just need to cover your ass and have pockets You clearly have never worn different brands of clothes --- I am Mogar, God of Irony and The Devourer of Topics. http://i.imgtc.com/tHc3mIo.png http://i.imgtc.com/PYxw8Lm.png <cite>Irony posted [p:893415644] in Macy's ann... [t:76167871]...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Irony posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> I can get a car for $100 from a junkyard or for $40,000 at a dealership</quote> There's actually valid reasons to spend more money on a car. Pants just need to cover your ass and have pockets</quote> You clearly have never worn different brands of clothes</quote> ... Copied to Clipboard!
daftpunk_mk5 01/04/18 1:53:42 PM #21:	Irony posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? I can get a car for $100 from a junkyard or for $40,000 at a dealership If the cars were the same model, year, and condition, I'll go with the junkyard. --- Some say that his voice can only be heard by cats, and that he has two sets of knees... all we know is, he's called the Stig. <cite>daftpunk_mk5 posted [p:893415653] in Macy's ann... [t:76167871]...</cite> <quote><cite>Irony posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> I can get a car for $100 from a junkyard or for $40,000 at a dealership</quote> If the cars were the same model, year, and condition, I'll go with the junkyard.</quote> ... Copied to Clipboard!
daftpunk_mk5 01/04/18 1:56:11 PM #22:	And the stuff Macy's sells isn't particularly high quality. It's all fashion clothing which is more concerned with looking good than using high quality fabric and tayloring. --- Some say that his voice can only be heard by cats, and that he has two sets of knees... all we know is, he's called the Stig. <cite>daftpunk_mk5 posted [p:893415811] in Macy's ann... [t:76167871]...</cite> <quote>And the stuff Macy's sells isn't particularly high quality. It's all fashion clothing which is more concerned with looking good than using high quality fabric and tayloring.</quote> ... Copied to Clipboard!
MC_BatCommander 01/04/18 2:00:21 PM #23:	Darklit_Minuet posted... Sada_Pop posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs. --- The Legend is True! <cite>MC_BatCommander posted [p:893416038] in Macy's ann... [t:76167871]...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Sada_Pop posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical</quote> There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs.</quote> ... Copied to Clipboard!
lincoln002 01/04/18 2:03:01 PM #24:	Darklit_Minuet posted... Irony posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? I can get a car for $100 from a junkyard or for $40,000 at a dealership There's actually valid reasons to spend more money on a car. Pants just need to cover your ass and have pockets Do people seriously think that buying the same dress from Macy's at marshals is not possible? You might not find the same dress but you'll find one, name brand, for a fraction of what Macy's would charge for the same dress. Sometimes marshals drops northface and Columbia gear all legit af I got my Adidas sports briefs for $10 and it comes with 3 pairs, went to target them same shits were 29.99 --- https://youtu.be/bz3WpKrDlhs - This is how I have to get by guys. <cite>lincoln002 posted [p:893416185] in Macy's ann... [t:76167871]...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Irony posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> I can get a car for $100 from a junkyard or for $40,000 at a dealership</quote> There's actually valid reasons to spend more money on a car. Pants just need to cover your ass and have pockets</quote> Do people seriously think that buying the same dress from Macy's at marshals is not possible? You might not find the same dress but you'll find one, name brand, for a fraction of what Macy's would charge for the same dress. Sometimes marshals drops northface and Columbia gear all legit af I got my Adidas sports briefs for $10 and it comes with 3 pairs, went to target them same shits were 29.99</quote> ... Copied to Clipboard!
daftpunk_mk5 01/04/18 2:19:07 PM #25:	MC_BatCommander posted... Darklit_Minuet posted... Sada_Pop posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs. I got a pair of wool Modern Amusement pants from TJ maxx for that price. --- Some say that his voice can only be heard by cats, and that he has two sets of knees... all we know is, he's called the Stig. <cite>daftpunk_mk5 posted [p:893417061] in Macy's ann... [t:76167871]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Sada_Pop posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical</quote> There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs.</quote> I got a pair of wool Modern Amusement pants from TJ maxx for that price.</quote> ... Copied to Clipboard!
Darklit_Minuet 01/04/18 2:20:42 PM #26:	MC_BatCommander posted... Darklit_Minuet posted... Sada_Pop posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs. Looking good is irrelevant. People just need to stop being shallow <cite>Darklit_Minuet posted [p:893417156] in Macy's ann... [t:76167871]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Sada_Pop posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical</quote> There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs.</quote> Looking good is irrelevant. People just need to stop being shallow</quote> ... Copied to Clipboard!
butthole666 01/04/18 2:24:40 PM #27:	Darklit_Minuet posted... MC_BatCommander posted... Darklit_Minuet posted... Sada_Pop posted... daftpunk_mk5 posted... I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's? Are they the same pair of pants? Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs. Looking good is irrelevant. People just need to stop being shallow Why are straight men like this --- "Kenan & Kel is what made me realize I wasn't racist." ~ NewportBox100s <cite>butthole666 posted [p:893417362] in Macy's ann... [t:76167871]...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>Darklit_Minuet posted...</cite> <quote><cite>Sada_Pop posted...</cite> <quote><cite>daftpunk_mk5 posted...</cite> <quote>I can get a pair of dress pants for $60 at Macy's or for $15 at Marshalls. Why the hell would I go to the Macy's?</quote> Are they the same pair of pants?</quote> Pants are pants. There's no need to spend four times as much on the same thing, even if it's not identical</quote> There is if you want to look good. I'd never spend 200 bucks on pants but lmao at buying $15 pairs.</quote> Looking good is irrelevant. People just need to stop being shallow</quote> Why are straight men like this</quote> ... Copied to Clipboard!
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Current Events > Macy's announces 5,000 job cuts, more store closures (+) Yeah! (+)

Current Events > Macy's announces 5,000 job cuts, more store closures