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[…] country, away from Macy\’s central HQ operations and away from a flagship experience on which so many others have already commented. So, I ventured, not to the Macy\’s flagship store in Herald Square but, yes, you guessed it, a regional […]
Last week the US Department of Commerce released its most recent monthly sales and inventory figures for the retail industry. Total sales rose to almost $448 billion in June, up from $422 billion in June of last year, a seasonally […]
[…] in their history. And they will be able to buy much of it at just a fraction of its cost. Feeding frenzy would not be too strong a phrase to use. After all those years on the offensive – gaining […]
[…] Kohl’s into a real estate move. David Simon, CEO of Simon Properties, and Richard Baker, CEO of the Hudson Bay Company, both became billionaires, not because of their retail acumen. They were, and still are mega-wealthy based on their brilliant […]
[…] only modest improvement in profitability over the next three years. The pandemic has made Macy\’s situation far more dire. The company posted an adjusted loss of $630 million last quarter. It is likely to lose considerably more than $1 billion […]
[…] the department store giant fought through the worst of the Covid-19 pandemic last year. Since the beginning of April, the company has opened 26 new Backstage stores within full-line Macy\’s locations. That brings the Backstage store count to an even […]
[…] Partners portfolio manager Scott Ostfeld estimated that Macy’s digital operations could be worth $16.8 billion: far more than the entire company’s market value at the time. Macy’s management took this suggestion seriously. Rather than rebuffing Jana Partners, CEO Jeff Gennette […]
[…] celebrated in film. Now, it\’s more a charade than anything else. Macy\’s Past Macy\’s should have waited to purchase May Company, its principal competitor, until after it fell to the ground. That way, Macy\’s could have picked and chosen the […]
[…] interest in Macy\’s became public earlier this month, after portfolio manager Scott Ostfeld stated at an investor conference that the company could double its stock price by spinning off its ecommerce business. Jana Partners\’ interest in Macy\’s became public earlier […]
[…] of course, its customers. 2. Price: Now and Likely Forever, a Customer Imperative Macy\’s, including both the Federated and May Company stores that are its original units, have all been high/low price-driven for most of their past. In other words, […]
