Community Chat

[belledejour]

On 1/8/2014 viva923 said:

Ruby Tuesday is closing many of the eating establishments, I believe 27 immediately , and rest over the next year.

the macy store we have at our 2 malls. one may close, when ever you go into that store NO one is in the store. the other macy is so crammed full of make up, clothes, jewelry you can't move very quickly. You fall over counters. It really has become a junky store.

Talbot's closed over the holidays here.

We had a Talbot's close too--- I think they closed a lot of the stores. I miss it but still can shop online.

I wouldn't miss MAcy's or Ruby Tuesdays.

[belledejour]

On 1/8/2014 viva923 said:

Ruby Tuesday is closing many of the eating establishments, I believe 27 immediately , and rest over the next year.

the macy store we have at our 2 malls. one may close, when ever you go into that store NO one is in the store. the other macy is so crammed full of make up, clothes, jewelry you can't move very quickly. You fall over counters. It really has become a junky store.

Talbot's closed over the holidays here.

We had a Talbot's close too--- I think they closed a lot of the stores. I miss it but still can shop online.

I wouldn't miss MAcy's or Ruby Tuesdays.

[CouponQueen]

I think it is the way of time. Our Mall is closing stores left and right. I think online retailing is taking over.

I can go to Amazon and with my Prime Membership get the item delivered to my front door free in two days. If it is a large item no lifting and lugging.

I also buy some things there that are a bit cheaper and I don't have to go get them. I love this one lotion and it is only out in my stores from about March til August. It is by Hawaiian Tropic. I can go on Amazon buy three of them for about $1 cheaper a bottle and get them delivered in two days for free.

I bought my son a Dell tablet for Christmas. It was $50 cheaper on Amazon then on the Dell Website.

I like Macy's but can usually find what I want cheaper at the Outlets..in their home Store and of course most have coupon booklets!

[terrier3]

Macy's has said their sales and profit forecasts for 2014 are up...so they lay off workers.

And their stock then goes up.

Companies are being rewarded by stockholders for laying off people - even when times and profits are good for them.

No wonder the middle class is shrinking!

Many of the jobs being lost are middle level managers and buyers - I think they are only closing a handful of stores.

[violann]

I'm half way between a big big Macys and a little little Macys and both are safe. No closings in my state!

[Lila Belle]

My Macy's doesn't carry many of the brands sold at other Macy's stores. Their selection and styles are geared more to more mature shoppers. Everything has sparkles and glitter !

I usually only shop for house stuff as BB&B is 20 miles away.

[------]

On 1/8/2014 terrier2 said:

Macy's is my favorite department store.

LOVE the sales...I just got some Fiesta towels and pasta bowls and a Fiesta holiday butter dish - huge savings. The butter dish was $30, originally $89.

Me too. I love the sales at their Home store.

[Stardust2]

HP is laying off 5,000. Most in California but other areas as well.

[JuJu Squeezie]

I hope my store stays open and they keep their quality up. I also shop Macy's a lot online.

[Lipstickdiva]

This article is from The Baltimore Sun:

Macy's shares climbed more than 7 percent in premarket trading Thursday after the company announced it plans to lay off about 2,500 employees and close some stores as part of a cost reduction plan.

The retailer said it will combine its Midwest and North regions and reallocate within its regional divisions to streamline its operations.

Five stores are expected to be closed in the spring. None are in Illinois. Stores in Arizona, Kansas, Missouri, New York and Utah will close in the spring. But eight new and replacement Macy’s and Bloomingdale’s stores are in the works.

When the dust settles, Macy’s – which has corporate offices in New York and Cincinnati – will have 844 stores in its system. It expects the moves to save it about $100 million a year.

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.

Macy's said it will keep hiring employees in its online operations, direct-to-consumer fulfillment outfit and new stores. The company has 175,000 associates.

The retailer’s chief executive, Terry J. Lundgren, said Wednesday that consumers gave it a “vote of confidence” during the holiday season, “even in a questionable macroeconomic environment with challenging weather in multiple states.”

In November and December, so-called same-store sales, those at stores open more than a year, ticked up 3.6 percent, or 4.3 percent when departments licensed to third parties were included.

The company said it is reaffirming its full-year 2013 projection for earnings of $3.80 to $3.90 a share. But it adjusted its predictions for the second half of last year, saying that same-store sales would rise 2.8 percent or 2.9 percent instead of 2.5 percent to 4 percent.

In the fourth quarter, that means a 2.3 percent to 2.5 percent upswing is likely, the company said.

For this year, Macy’s said it expects same-store sales to rise 2.5 percent to 3 percent, with earnings of $4.40 to $4.50 a share.