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Macy's Has Hired A Huge Cohort Of New College Grads To Fill Its Executive Ranks (Retail picking up!)
Business Insider ^ | 06/11/2012 | Kim Bashin

Posted on 06/11/2012 8:22:56 AM PDT by SeekAndFind

Macy's has hired 730 new college grads for full-time gigs in its Executive Development Program and 326 current students for summer internships. That's 1,056 total hires.

This is a big new cohort for Macy's, and a 30 percent increase from last year's hiring numbers.

It's good sign as Macy's continues to try to wrestle market share away from JCPenney. If JCPenney succeeds in its turnaround, Macy's is going to need as much top talent as it can get to fend it off in the long-term.

The new hires will be working in stores, merchandising, brand development, online, IT, logistics, credit and corporate services.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Society
KEYWORDS: college; jobs; macys; retail

1 posted on 06/11/2012 8:23:08 AM PDT by SeekAndFind
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To: SeekAndFind

Ok, so they’ve been hired. How many will still have their jobs in six months?


2 posted on 06/11/2012 8:25:00 AM PDT by nhoward14
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To: SeekAndFind

The government supports consumerism. Retail stocks have been doing great.


3 posted on 06/11/2012 8:25:18 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: SeekAndFind

So Mavy’s AND JC Penney’s are hiring a BUNCH of College “Educated” Faggots huh!?


4 posted on 06/11/2012 8:26:09 AM PDT by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: All

“If JCPenney succeeds in its turnaround...”

####

Not very likely given their lunatic focus on the << 2% of the population that is Queer.


5 posted on 06/11/2012 8:26:45 AM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: US Navy Vet

Macy’s


6 posted on 06/11/2012 8:26:54 AM PDT by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: SeekAndFind

Yay, Macy’s is dumping the old farts who earn high salaries for lower paid fresh grads.

And why would they not? they can save more with this move than they stand to lose in age discrimination law suites.


7 posted on 06/11/2012 8:28:08 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: US Navy Vet

RE: So Mavy’s AND JC Penney’s are hiring a BUNCH of College “Educated” Faggots huh!?

C’mon, give these kids a break, they’ve been unemployed for so long that any bit of good news should be cause for celebration.

I mean, an honest job in a great retail company is better than :

1) Not being able to pay for your tuition debt.

2) Joining the Occupy movement.

3) going back to live with Mom and Dad.

Of course, if these kids attribute their new found job to Obama’s “enlightened” policies, I am going to puke :)


8 posted on 06/11/2012 8:29:50 AM PDT by SeekAndFind (bOTRT)
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To: SeekAndFind
Macy's ... To Fill Its Executive Ranks
Executives do not sell merchandise.
How many new sales clerks have been hired to handle the "increase" in sales?
9 posted on 06/11/2012 8:29:56 AM PDT by oh8eleven (RVN '67-'68)
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To: SeekAndFind

‘Enlightenment’ is what’s gotten us into trouble.


10 posted on 06/11/2012 8:34:01 AM PDT by POWERSBOOTHEFAN (It's hurricane season! Yay!)
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To: Moonman62

I don’t get why retail stocks are doing so well.

No one, especially Macy’s, sells at list price. Macy’s, for example, has about 3-4 ways on any given day, in any given department, where you can save from 10%-50% off quality products.

If you check the offerings of liquidators, you will see pallets upon pallets of goods from all the top brick and mortar retailers down to Dollar Store level. Name the retail sector and there are warehouses full of new merchandise, shelf-pulls, returns, seasonal, you name it.

Speaking of liquidation, Macy’s is now going to be selling at up to 70% off direct to the consumer via the web, bypassing the liquidators.

Reminds me of someone who ran a small boutique, back in the 70’s. When customers would ask them where they got their merchandise, they replied:”We steal it.” It was just a snarky comment, but sometimes one wonders.........


11 posted on 06/11/2012 8:54:30 AM PDT by reformedliberal
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To: MrEdd

“Yay, Macy’s is dumping the old farts who earn high salaries for lower paid fresh grads.

And why would they not? they can save more with this move than they stand to lose in age discrimination law suites.”

Good way to lose your institutional knowledge base too...but hey, by the time that becomes apparent, the people who made this decision will probably be loooong gone!


12 posted on 06/11/2012 8:54:58 AM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy... and call it progress")
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To: SeekAndFind
"See? I told you the private sector was just fine."


13 posted on 06/11/2012 8:57:47 AM PDT by Yo-Yo
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To: SeekAndFind

I would say this is in response to many Baby Boomers retiring in the next 5 years, not any increase in sales. Many companies are in the same position.


14 posted on 06/11/2012 8:57:47 AM PDT by BigBobber
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To: SeekAndFind

“Retail picking up”. Where in this article does it say that?

It is common practice to retire higher payed senior management with college grads at a fraction of the salary.


15 posted on 06/11/2012 9:01:11 AM PDT by traderrob6
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To: traderrob6
It is common practice to retire higher payed senior management with college grads at a fraction of the salary.

In Dallas-Fort Worth, the average life of a small company controller/CFO is 18-24 months. That's about the time it takes for an experienced CPA to clean up the books and update the accounting system.

Once the job is done, management decides they "want to move in a different direction", i.e. bring in a younger, cheaper CPA that won't tell them "no, you can't do that".

16 posted on 06/11/2012 9:09:07 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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To: nhoward14
How many will still have their jobs in six months?

How many of them will quit by Labor Day, after they've learned they have no more week-ends and no more holidays?

17 posted on 06/11/2012 9:11:04 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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To: SeekAndFind
If JCPenney succeeds in its turnaround, Macy's is going to need as much top talent as it can get to fend it off in the long-term.

Interesting spin.

When I saw the headline, I thought "JCP is going under, and Macy's is looking to 1) Grab as much of their market share as possible and 2) Drive a stake in their heart.

18 posted on 06/11/2012 9:17:22 AM PDT by wbill
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To: SeekAndFind; Tax-chick; Constitution Day
Macy's Has Hired A Huge Cohort

Huh. Never heard "cohort" being used this way before.

19 posted on 06/11/2012 9:28:20 AM PDT by martin_fierro (< |:)~)
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To: SeekAndFind

The retail economy is not picking up. It’still shrinking. Macy’s probably doing the same thing that JC Penney has done. They’ve fired or forced retirement on most of their senior managers and supervisory employees. I know a very experienced, professional store manager with over 20 years with the chain who was told that she didn’t fit the new image that Penney’s was developing and she would be better served by retiring rather than taking her chances with the new regime. From dept heads and store managers all the way up the chain and they’ve brought in brand new and inexperienced kids straight from college and put them into management positions with nearly no training or experience. The results can easliy be seen at the store level by even the most casual shopper.


20 posted on 06/11/2012 9:30:54 AM PDT by pgkdan (ANYBODY BUT OBAMA!)
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To: SeekAndFind

so Seinfeld finally listened to his mother, gave up the comedy gig and entered the Macy’s Executive Training Program, eh?


21 posted on 06/11/2012 10:21:45 AM PDT by Buckeye McFrog
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To: SeekAndFind

“It’s good sign as Macy’s continues to try to wrestle market share away from JCPenney. If JCPenney succeeds in its turnaround, Macy’s is going to need as much top talent as it can get to fend it off in the long-term”

This quote from “The Imposters” seems fitting as they’re both pandering to gays:

Sparks: Perhaps we should wrestle sometime. Do you like the taut roundness that exercise brings to the buttocks?
Maurice: [uneasy] Yeah.
Sparks: Do you enjoy the warmth of the Mediterranean sun on that self-same place? I once wrestled a man on the steps of the Acropolis, when the sun was at its height, wearing only what God sent me into the world with. Can you picture that? That’s where we’ll wrestle, my semi-Grecian lad. That’s where I’ll make a man of you.


22 posted on 06/11/2012 1:32:57 PM PDT by pops88 (Standing with Breitbart for truth.)
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To: SeekAndFind

No doubt all of them majored in engineering. As we all know from comments on many other threads, those who have degrees in other areas have no prayer of getting a job.


23 posted on 06/11/2012 8:10:00 PM PDT by OldPossum
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