Really? REALLY? Really? Is there more than one person at Macy's? Are there operations folks? Any sales associates? Any buyers? Some store managers? A board? (ok, that one is a stretch) Every reference was I. WOW!
Every possession was I!
Clearly there is no team at Macy's.
No wonder their performance is significantly inhibited by there still being a Federated team, a Macy's team, and May team all fighting each other with 3 conflicting strategies. The result is an overwhelming negative emotional impediment to a professional operation. It's been over 20 years since Federated bought Macy's and this type of unprofessional management style is just the tip of the iceberg the essence of which is a deeply political disaster that stifles any original thought or innovation and fosters insane levels of dysfunction. To clarify Lundgren has for over 20 years fermented a culture of rewarding and promoting primarily those that are in lock step with his every hint and whim while also contributing to a negative, hostile, "pile on" mentality to degrade those that innovate, negotiate, take risks, or aggressively pursue business. Most initiatives are developed by outside consultants of the day and void of commitment, ownership, and emotion by even "top" management.
Proof? The death keel for retail is always the "unlocking" of real estate value when there is nothing else left.
Further Proof? Look up the past $ per square foot productivity of most Macy's stores and many May Co. locations before they were bought by Macy's. Hint, ALL are down with many down 30% or more.
Perhaps the next CEO will get that Macy's needs to close at least half of the the current doors. It can happen as he/she can just blame Lundgren and crew
This stock is about to totally tank. The number of people turning in their cancelled Macys cards and vowing not to ever walk in theirs stores is accelerating. The Macy's CEO is a buffoon
she likes value stocks, but they are value for a reason. I think she recommended coal stocks like Walter Energy when it tumbled first time claiming over done and buyout possibility. Now that entire sector is near bankrupt.
I admit I used to like shopping at M, but I just morally couldn't do it anymore-- for the good of the country. How do shop at company that supports illegal immigration? Shame on M.
So Lungren is such a total buffoon. He has lost me as a customer and I am sure many more due to his stupid and childish behavior in canceling the Trump line of clothing. What would any executive in this junky company think of any employee doing such a stupid thing. As for me, I will never walk into another Macy's or Bloomfield or any other related store. I have cancelled my credit cards and will NEVER walk in to their stores again. What a pathetic and disgusting thing for this idiot to do.
Good for the dumb phuks.
Now they can sell their krap in mexico.
As a former customer Looks like Macys needed Donald Trump more then Donald Trump needed Macys. Looks like I was not the only one who voted with my pocket book guess other people felt same way I did not telling Macys how to run there business but if I was Macys I would get back on the Trump wagon over a 2 percent loss in business already and it can only get worse. Macy needs to understand that not all there customers live in New York City here in the Midwest we don't take kindly to corporations who try to dictate to us what we will or will not buy. Yes, ;looks like a lot of people are just like me and we voted with our feet out the door it is only going to get worse from here.
I thought the same think. But then I created a map of Belk and Macy's locations. 160 of 295 (54%)Belk stores are immediately adjacent to Macy's locations. Only 133 are possibly worth Macy's trouble. That would be a lot of closures and divestitures. The only way this would work is if Belk was sold piece meal and I don't think that will happen.