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To: davikkm
Macy's expanded far too much, log ago and whomever is making these decisions, re the Trumps, is an IDIOT!

OTOH...Nordstroms is even worse, because they have always been Hillary supporters and also because they out and out LIED about how Ivanka's stuff was selling.

21 posted on 02/13/2017 3:15:04 PM PST by nopardons
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To: nopardons

The department store model has been collapsing for a long time. Penney’s is gone, Montgomery Wards is gone. Sears is circling the drain. And that’s just to name a couple. Meanwhile, back in the 90s, as loads of old line department store companies were failing, Macy’s (then known Federated Department Stores) was on a buying spree, converting them to Macy’s. Their main competitor in those acquisitions was May Company Stores. In 2005, May and Federated merged and changed the name to Macy’s Corporation. But the underlying trends that made all those acquired store lines vulnerable couldn’t be overcome by the alleged greater efficiencies of Macy’s. Plus they now had way too many redundant locations, cannibalizing each other’s sales. You have malls anchored by a Macy’s and a Bloomingdale’s, when they’re both the same company, paying huge overhead and staffing costs on two spaces and competing for the same customers. Dropping the Trump products was a splashy blip, but the writing was already on the wall.


47 posted on 02/13/2017 3:40:28 PM PST by Bubba Ho-Tep ("The rat always knows when he's in with weasels."--Tom Waits)
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