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Macy's to close stores, cut jobs amid weak sales
Associated Press ^ | Jan 4, 2017 7:40 PM EST | Sarah Skidmore Sell

Posted on 01/04/2017 5:08:21 PM PST by Olog-hai

Macy’s says it is eliminating more than 10,000 jobs and plans to move forward with 68 store closures after a disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast.

The retailer said Wednesday that sales at its established stores fell 2.1 percent in November and December compared to the same period last year. Macy’s Inc. pointed to changing consumer behavior and said its performance reflects the challenges that are facing much of the retail industry.

As if to underscore that point, Kohl’s Corp. also reported disappointing holiday shopping numbers Wednesday. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Society
KEYWORDS: christmasshopping; homosexualagenda; kohls; layoffs; lgbt; macys; obamalegacy; retail
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To: Dilbert San Diego

I was shocked when I heard that Marshall Field’s was gone!


21 posted on 01/04/2017 5:33:07 PM PST by SoCal Pubbie
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To: MamaDearest

Good for you!

These liberal companies that support Planned Parenthood are very short-sighted. Where will they get future customers, when they are contributing to the killing-off of the next generation?


22 posted on 01/04/2017 5:33:07 PM PST by miserare ( Hillary--you lost! Get over it!!)
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To: God luvs America

Come on man. Do you drink coke? Pepsi? Use Microsoft, whose creator likes to spread birth control?

We used Twitter VERY effectively to get out the news from FR to Twitter and it made a difference. They’re no conservatives.

I’m POSITIVE there’s something in your life that is made by a liberal company. :) We can’t avoid them all but I STOPPED shopping at Target and stopped buying Bud for their pro gay marriage commercials.

I like Amazon prime free shipping and shopping and I will keep using them. Other sites won’t offer me 1 or 2 days shipping year round plus thousands of movies and music for 100 bucks a year.

We won the election. I gave up Target and Bud. That’s good enough for me.

I do admire you for that though.

I’m hoping my monthlies to FR will get me into conservative Heaven :)

Leave me alone, I don’t have much in life. Dont take my prime :)


23 posted on 01/04/2017 5:34:44 PM PST by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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To: Olog-hai

I like Kohls.
Kohls bucks = awesome


24 posted on 01/04/2017 5:35:02 PM PST by stuck_in_new_orleans
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To: Olog-hai

There is this thing.....it’s called a Boomerang...

Hello Progressive Liberal Pie-Holes......meet your new BFF


25 posted on 01/04/2017 5:35:27 PM PST by Be Careful
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To: Olog-hai

This is going to leave a big, as in huge, empty space in the Bangor Mall in Bangor, Maine.


26 posted on 01/04/2017 5:35:42 PM PST by Tudorfly (All things are possible within the will of God.)
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To: Vision

Macy’s is doing fine. The sales decline reflects their sales moving online. Macy’s is the 4th most popular retail site on the web and as with most stores downsizing and closing, it is all a reflection of sales moving online. Macy’s has already announced that they are going to transform a fairly large area for same day pickup or returns from on line sales. That is their future as well as ours.


27 posted on 01/04/2017 5:38:04 PM PST by Dave W
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To: Dilbert San Diego

I haven’t heard of Marshall Fields Department store since Good Times LOL I thought it was a made up name..here in LA we used to have Montgomery Ward, then Robinsons May..when Macys linked together with Plenti, nothing but problems..my Mom has a plenti card, kept on accumulated 48 dollars of credit, never used the points..apparently they gave her a card number for someone else and its IMPOSSIBLE for her to get the money since its linked to someone else who apparently does not exist


28 posted on 01/04/2017 5:39:22 PM PST by Sarah Barracuda
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To: Olog-hai

Lets see, I need to buy clothes or something after work. Do I go straight home and buy it on my computer in the matter of a few minutes, or do I drive 25 minutes to my nearest mall and walk around until I find a shirt I like, then drive an extra 25 minutes home? Choices.


29 posted on 01/04/2017 5:40:31 PM PST by castlegreyskull
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To: stuck_in_new_orleans

Kohls announced horrible results of their own today...Christmas didn’t help in the least.

They’ve already closed many stores...one wonders how much more they can trim and if those cuts will somehow ensure profitability.


30 posted on 01/04/2017 5:45:49 PM PST by relictele (Principiis obsta & Finem respice - Resist The Beginnings & Consider The Ends.)
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To: Eddie01

http://fortune.com/2016/11/10/macys-ceo-says-dumping-donald-trumps-line-was-still-the-right-move/

“Cut my card up in August 2015 and never looked back.”

Do we ever need to be insulted by: Any of the these Never Trumpster losers like Macy’s, Kelloggs, the NFL, ESPN, ”The Cast of the Hamilton/Broadway liberals, the ABCNNBCBS, New York Slimes, Compost, Starbucks, Alec Baldwin/SNL,, Penzey’s Spices-owner Bill Penzey, MGYN Kelly, Garrison Keillor, The Washington ComPost Not News Service, Michael Shannon/ “Nocturnal Animals” the BushCo thugs, Compost, Grub Hub, Pepsi-Co, Hollywood, the lying pollsters, faux phoney news, all the left wing mediots/fish wraps, and other Never Trumpsters, listed below in our lives like Cleveland Cavaliers forward LeBron James/?

1. Pollsters
2. Faux and ABCNNBCBS, phoney news, all left wing mediots/fish wraps.
3. GOPe radio talk show hosts posing as conservatives.
4. Overpaid NFL jerks, NFL games, pre games, post games and NFL endless prattle.
5. Ny Slimes, Compost, LA Slimes or any liberal fish wrap.
6. Vile left wing Follywood/Hollywood anti America jerks.
7. Grub Hub
8. Macy’s*
9. Starbucks
10. Lifeway Foods
11. George Soros
12. NPR
13. Pepsi Co**
14. Mark Cuban and Dallas Mavericks + Milwaukee Bucks + Memphis Grizzlies
15. PacketSled and Critical Assets//CEO Matt Harrigan who promised to Kill Trump in the White House. Tech company CEO (PacketSled Harrigan) fired after threatening to kill Trump
WDBO ^ | 11-15-2016 | Joe Kelly
16. Coke Cola***
17. Cleveland Cavaliers forward LeBron James, Nike sneakers.
18. Bush Co Thugs including all the Bushes and their thugs.
19. Michael Shannon/ and his new movie “Nocturnal Animals”
20. Penzey’s Spices owner Bill Penzey called us racists in his newsletter.
21. Hamilton, the play & its rude liberal cast & Broadway.
22, Alec Baldwin/SNL.
23. Disgraced former CBS Evening News anchor Dan Rather
24. Kelloggs
25. ________________ fill in the blank.
Eliminate any contact, time, business, dealings with the above for a happier and better life.


31 posted on 01/04/2017 5:47:40 PM PST by Grampa Dave (Obama shut your lying mouth and leave America! You are past your use by date! You stink!)
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To: miserare
Penney's was a completely different story. Their new CEO had a theory if they lowered their prices and cut advertising, people would show up. Consistent every day prices and people would love that. Well, I liked it much better. Pants that were normally $65 were now $44 every single day. I thought it was great.

However, the shoppers of American are so brainwashed, that if they think they can't get something on sale, then they are not buying. Instead of having every day low prices, shoppers want fake prices with lower on sale prices.

Penney's almost lost their shirt because of this and they still have not fully recovered.

32 posted on 01/04/2017 5:47:42 PM PST by Dave W
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To: Sarah Barracuda

Aplets and Cotlets

Yum


33 posted on 01/04/2017 5:48:12 PM PST by combat_boots (God bless Israel and all who protect and defend her! And please, God, bless the USA again.)
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To: castlegreyskull

Well in the latter case, you already have the shirt in hand and you have the option of using cash. If that’s not your primary concern, then the former would apply, even probably lower overall costs with shipping factored in.


34 posted on 01/04/2017 5:49:07 PM PST by Olog-hai
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To: Ann Archy
I shop at Macy's a LOT.....they have CRAP FABRIC on MOST of their stuff!!! CRAP!!!!

Yes, you can't buy any department store "house brand" these days. The Macy's brands Alfani and Tasso Elba are particularly bad - even though they feel like burlap on the skin they probably fit the Bangladeshi men who make them very well. :)

These brands are actually fake clothes, for people who don't have the money to buy real ones.

35 posted on 01/04/2017 5:49:56 PM PST by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Olog-hai

Macy’s thinks our money isn’t green enough. I didn’t spend one cent in the store this year. Or in Target...

Let the damn liberal elites keep those stores going...


36 posted on 01/04/2017 5:51:46 PM PST by GOPJ (ObamaCare Motto: "If You Like Your Doctor, Maybe You'll Like Your New Doctor" - Dave Barry)
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To: max americana

I don’t care if Stalin was CEO of Amazon. I love Amazon (and Overstock.com)


37 posted on 01/04/2017 5:52:29 PM PST by Extremely Extreme Extremist (STOP THE TAPE!!)
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To: GOPJ

Wonder how rich Target’s getting with all those transgender customers. (Oh right.)


38 posted on 01/04/2017 5:52:52 PM PST by Olog-hai
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To: castlegreyskull

Not to mention, even with in-person retail, mall stores are absolutely not your sole choice.


39 posted on 01/04/2017 5:53:54 PM PST by Olog-hai
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To: Eddie01

“Macy’s was trying to court more Hispanic customers and said it valued diversity.’

As a result, Macy’s is closing stores.

If you want diversity, then you basically want less customers. Fact.


40 posted on 01/04/2017 5:54:24 PM PST by Falconspeed ("Keep your fears to yourself, but share your courage with others." Robert Louis Stevenson (1850-94))
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