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Author Topic: Macy’s Planning to Go Forward With Store Closures  (Read 2577 times)

kevinb1994

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Macy’s Planning to Go Forward With Store Closures
« on: November 18, 2021, 02:02:18 PM »

https://www.cnbc.com/2021/11/18/macys-store-closures-10-more-to-be-announced-in-january.html

There is still a possibility that the company will take another look at its portfolio and change its mind about when the next round of store closures will occur.
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I-39

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #1 on: November 19, 2021, 03:04:02 PM »

They are still trying to find a strategy eh?

I seriously wonder how any of the traditional department store chains are going to stay relevant going forward. Amazon, Walmart and Target seem to be eating everyone's lunch.
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Scott5114

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #2 on: November 19, 2021, 03:06:44 PM »

I mean, it's pretty easy. Offer something that Amazon, Walmart, and Target don't: customer service. Problem is that costs money, and the current crop of CEOs would rather wallow around bitching and moaning that they're losing $500 instead of paying $100 on staff.
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bwana39

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #3 on: December 09, 2021, 10:33:15 PM »

I mean, it's pretty easy. Offer something that Amazon, Walmart, and Target don't: customer service. Problem is that costs money, and the current crop of CEOs would rather wallow around bitching and moaning that they're losing $500 instead of paying $100 on staff.

I agree that customer service sells to some customers. The problem is Macy's price point is so far above even Kohl's that only the most fashion conscious people would bother.
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OCGuy81

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #4 on: December 10, 2021, 11:45:56 AM »

I saw recently that Macy’s is partnering with Toys R Us starting in 2022. Interesting how a company on life support is trying to revive a dead one.
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webny99

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #5 on: December 10, 2021, 12:09:53 PM »

Recruiting is also a challenge for almost all companies right now. It's a great time to look for a better job, but not a good time to be hiring.

"Customer service" is also constantly evolving in its definition. Things like Amazon Prime free delivery are arguably more important/valuable as a customer service tool than anything a store can offer for in person customers. And plenty of people, including me, might get turned off by the thought of someone trying to sell them something at a store like Macy's.
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hbelkins

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #6 on: December 10, 2021, 12:11:21 PM »

I mean, it's pretty easy. Offer something that Amazon, Walmart, and Target don't: customer service. Problem is that costs money, and the current crop of CEOs would rather wallow around bitching and moaning that they're losing $500 instead of paying $100 on staff.

My wife's experience with Macy's "customer service" earlier this week doesn't even rise to the level of Walmart.

Macy's is going to have find a niche for people who just have to have certain brands of clothing. The only thing that keeps me from shopping for clothing at Walmart is that they often don't have items big enough to fit me. If was a normal size, unless I needed to get real dress clothing like a suit or a sportcoat, I probably wouldn't shop anywhere but Walmart or whichever retailer was cheaper.
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Henry

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #7 on: December 10, 2021, 12:27:34 PM »

If Macy's ever goes out of business, who will sponsor the Thanksgiving Day Parade?
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DenverBrian

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #8 on: December 10, 2021, 12:30:21 PM »

If Macy's ever goes out of business, who will sponsor the Thanksgiving Day Parade?
If you've followed the whole naming rights biz for stadiums in the last two decades, you'll know that there will be dozens if not scores of companies lining up to take over that parade should Macy's fall. The Akamai Thanksgiving Day Parade? The Meta Thanksgiving Day Parade? The Go Daddy Thanksgiving Day Parade? None are beyond the realm of possibility, unfortunately.
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jakeroot

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #9 on: December 10, 2021, 12:41:37 PM »

If Macy's ever goes out of business, who will sponsor the Thanksgiving Day Parade?

If you've followed the whole naming rights biz for stadiums in the last two decades, you'll know that there will be dozens if not scores of companies lining up to take over that parade should Macy's fall. The Akamai Thanksgiving Day Parade? The Meta Thanksgiving Day Parade? The Go Daddy Thanksgiving Day Parade? None are beyond the realm of possibility, unfortunately.

The most important part of the parade is when it stops at Manhattan's Herald Square, in front of Macy's flagship store. If Macy's can no longer afford to operate/manage the parade, the parade would likely end permanently. It's simply too closely tied to the company, especially given the routing.
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GaryV

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #10 on: December 10, 2021, 01:15:52 PM »

As soon as Art Van went under, Gardner White started sponsoring the Detroit "America's Thanksgiving Parade".  Just swap one furniture store for another.
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Brandon

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #11 on: December 10, 2021, 01:24:32 PM »

As soon as Art Van went under, Gardner White started sponsoring the Detroit "America's Thanksgiving Parade".  Just swap one furniture store for another.

And that used to be Hudson’s sponsoring it at one time.
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GaryV

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #12 on: December 10, 2021, 01:32:54 PM »

Right, until Macy's bought Hudson's.
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SectorZ

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #13 on: December 10, 2021, 01:48:37 PM »

If Macy's ever goes out of business, who will sponsor the Thanksgiving Day Parade?
If you've followed the whole naming rights biz for stadiums in the last two decades, you'll know that there will be dozens if not scores of companies lining up to take over that parade should Macy's fall. The Akamai Thanksgiving Day Parade? The Meta Thanksgiving Day Parade? The Go Daddy Thanksgiving Day Parade? None are beyond the realm of possibility, unfortunately.

Or worse, Amazon buys the naming rights and we get Climate Pledge Thanksgiving Day parade...
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kevinb1994

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #14 on: December 10, 2021, 01:56:10 PM »

If Macy's ever goes out of business, who will sponsor the Thanksgiving Day Parade?
If you've followed the whole naming rights biz for stadiums in the last two decades, you'll know that there will be dozens if not scores of companies lining up to take over that parade should Macy's fall. The Akamai Thanksgiving Day Parade? The Meta Thanksgiving Day Parade? The Go Daddy Thanksgiving Day Parade? None are beyond the realm of possibility, unfortunately.

Or worse, Amazon buys the naming rights and we get Climate Pledge Thanksgiving Day parade...
More likely than not, with Amazon having attempting to advertise on the Macy’s Herald Square flagship building.
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kkt

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #15 on: December 12, 2021, 12:34:37 AM »

I saw recently that Macy’s is partnering with Toys R Us starting in 2022. Interesting how a company on life support is trying to revive a dead one.

mutter Sears-KMart mutter.
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kkt

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Re: Macy’s Planning to Go Forward With Store Closures
« Reply #16 on: December 12, 2021, 12:41:15 AM »

If Macy's ever goes out of business, who will sponsor the Thanksgiving Day Parade?

If you've followed the whole naming rights biz for stadiums in the last two decades, you'll know that there will be dozens if not scores of companies lining up to take over that parade should Macy's fall. The Akamai Thanksgiving Day Parade? The Meta Thanksgiving Day Parade? The Go Daddy Thanksgiving Day Parade? None are beyond the realm of possibility, unfortunately.

The most important part of the parade is when it stops at Manhattan's Herald Square, in front of Macy's flagship store. If Macy's can no longer afford to operate/manage the parade, the parade would likely end permanently. It's simply too closely tied to the company, especially given the routing.

Macy's had what is arguably the prime retail building in Seattle's core:  8 floors, nice Art Deco architectural details, in December a lighted star on the outside corner that is cattycorner to the street plan so it can be seen for blocks.  Macy's closed that store, and a lot of it is being used by Amazon now.  Office space I think, they're always hungry for office space and it's walking distance to other Amazon HQ buildings.  Anyway, Amazon did put up the traditional star.  Maybe that bodes well for NY's Thanksgiving Day Parade.
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