No direct link from Macys listed. If someone has it please add to thread
Life in Obamatopia.
Oh, man. Where am I going to shop now?
Never understood why anyone would shop at Macy’s anyway. High priced middle of the road crap.
Nobody outside the Macy's boardroom has any idea what the hell that is.
Of course, I'm guessing that every one of them thinks the Affordable Care Act is about affordable care.
Not to slight the Baraqqi Depression, but traditional dept stores and malls in general are dying.
I suspect you’ll see Democrat programs to convert malls into Section 8 housing.
Green shoots!
It’s the Obama Economic Miracle filtering down through the various programs designed to facilitate extraordinary growth and expansion. Fast & Furious, NSA Surveillance America, Affordable Death Care, LGBT Options for Living, America Leading:Eavesdrop Euro
Too bad the Federal government isn’t forced to downsize like companies that actually offer something in exchange for your hard earned money.
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The retailer said it will combine its Midwest and North regions and reallocate within its regional divisions to streamline its operations.
It is cutting front-end employees at some stores, although it did not specify where or how many. It will also reduce staff behind the scenes, including some merchandise planning positions and central office roles.
Beyond the 2,500 that are expected to be laid off, other associates will be given extra duties or transferred, Macy’s said. Some open positions will not be filled.
The company, with corporate offices in both Cincinnati and New York, has 175,000 associates.
just about the only economic sectors that are still alive are where the O administration has not figured out ways of killing it off (some SillyCon Valley computer-related firms, Communist China immigration bidding or propping up a few selected realty markets, energy development in places the administration couldn’t prevent or close down, etc.)
Overall, the Great Obama Depression continues spiraling the American economy and jobs down down down...... (as per design), and the further advent of Obamacare and all the new higher taxes will only speed this descent
NEW YORK (MarketWatch) — Macy’s Inc. M +4.94% said on Wednesday that it plans to cut 2500 jobs and shut five underperforming stores. The layoffs come from areas including reducing the number of districts and eliminating district planners for home furnishings.
http://www.marketwatch.com/story/macys-to-shut-5-stores-lay-off-2500-2014-01-08
Separately, Macy’s also reported holiday same-store sales in November and December rose 3.6% and were up 4.3% when factoring in departments licensed to third parties.
Macy’s, Inc.
NYSE: M - Jan 8 4:51 PM ET
51.84-0.34 (-0.65%)
After Hours: 54.49
Macy’s settles with Martha Stewart, but J.C. Penney fight ongoing
Martha Stewart Living Omnimedia and Macy’s announced Thursday that they had settled a lawsuit that accused Stewarts company of violating an exclusivity agreement by selling products at rival chain J.C. Penney.
Neither MSLO nor Macys disclosed terms of the arrangement. Macys said the deal doesnt affect its ongoing suit against J.C. Penney.
The tussle stemmed from Stewarts 2011 deal to sell home goods in J.C. Penney stores and for the retailer to snap up a nearly 17% share of MSLO.
At that point, the domestic doyennes company had already been peddling products at Macys for years. Macys promptly sued both companies.
In October, J.C. Penney said it would sharply scale back the Martha Stewart merchandise featured in its stores, eliminating the Stewart-designed bed, bath and cookware products to which Macys lays claim.
The company also said it would sell its stake in MSLO.
Recent Press Releases
http://phx.corporate-ir.net/phoenix.zhtml?c=84477&p=irol-newsArticle&cat=news&id=1889185
The company also noted that it will forego an expected $150 million pension contribution in the fourth quarter of 2013 as a result of better-than-expected market returns.
Sinking deeper and deeper into the recovery.
“Recovery summer on the way!”
Yep, to bad they could not hold on until Summer time.
I mean the two mommyies catalog and ellen degenerate as spokesfreak worked out well for JCP, why not?
I just read where Walmart employees have cheap premiums, heavily subsidized by the company with better benefits than obamacare. Their premiums age going up 5 to 9 times the current amount.
People with employer provided insurance are about to get some hits.
I recently came to the conclusion that a “crash” is years away. Not so sure now.
“Yeah, and tell that Santa I won’t forget him either.”
Recovery summer on the way!
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That will be Recovery Summer 5.0. The previous four didn’t work out so well.