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Macy's laying off 2,500
CNN ^ | 1/9/14

Posted on 01/09/2014 3:02:17 AM PST by SoFloFreeper

The axe is falling at Macy's.

The department store operator said Wednesday that it was laying off 2,500 workers and closing five stores. The company is also consolidating its regional management and restructuring its retail and merchandise planning staff.

"[W]e have identified some specific areas where we can improve our efficiency without compromising our effectiveness in serving the evolving needs of our customers," Macy's CEO Terry Lundgren said in a statement.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bhoeconomy; jobs; layoffs; obamafail; obamanomics; retail
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Obamanomics. I wonder if any networks or local news stations will go talk to any of the people losing jobs in the new year.
1 posted on 01/09/2014 3:02:18 AM PST by SoFloFreeper
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To: SoFloFreeper

No doubt, the majority of those workers voted for Obumbo.
Those that did, got what they deserve.


2 posted on 01/09/2014 3:05:18 AM PST by AlexW
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To: AlexW

It’s good for the economy . Ask Obozo !


3 posted on 01/09/2014 3:06:29 AM PST by sushiman
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To: SoFloFreeper

which 5 stores are closing ???

Theres a Macys in Nashville and another in Atlanta


4 posted on 01/09/2014 3:08:21 AM PST by Tennessee Nana
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To: sushiman

“It’s good for the economy.”
______________________________________
Yea, you bet ;) Good for establishing a Marxist society.


5 posted on 01/09/2014 3:10:27 AM PST by AlexW
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To: Tennessee Nana

Closing stores in Mesa, Ariz., Overland Park, Kan., Florissant, Mo., Murray, Utah, and Rochester, N.Y


6 posted on 01/09/2014 3:13:44 AM PST by babble-on
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To: SoFloFreeper
I doubt retailers did well during the holidays, so of course, some drastic actions will be taken. Will the media report the most significant factor in lagging sales — Obamacare— or will it be ignored?
7 posted on 01/09/2014 3:15:52 AM PST by fatnotlazy
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To: Tennessee Nana
From the article:

The retailer will close five Macy's stores in early spring and open five, plus three Bloomingdale's stores. Those closing: Fiesta Mall, Mesa, Ariz.; Metcalf South Shopping Center, Overland Park, Kan.; Jamestown Mall, Florissant, Mo.; Medley Centre, Irondequoit, N.Y.; and Fashion Place Mall, Murray, Utah.

8 posted on 01/09/2014 3:17:46 AM PST by Ken522
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To: AlexW
"No doubt, the majority of those workers voted for Obumbo. Those that did, got what they deserve."

Under the present regime, they will get what seems to be endless unemployment benefits, aid to families with dependent children, supplemental nutrition assistance program, EBT cards, and on and on and on ... all paid for by the remaining working Americans. And all they have to do is vote a few times for the Marxist Left (snark intended).

9 posted on 01/09/2014 3:18:48 AM PST by Truth29
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To: SoFloFreeper

It takes transportation, disposable income, and leisure time to shop there. That class of customer is becoming scarce, and the whales (Vegas term for big spender) are getting more cost conscious, too.

Don’t get me wrong, there are PLENTY of people out there that have all three of the attributes above, but they aren’t the type to shop there. They’re the EBT, EITC, TANF, Section 8, WICs, & ObamaPhone crowd.

If Macy’s wants to attract them, they need to get a Deli in the stores that takes EBT, maybe a full-blown Lotto/Scratch-off Kiosk, and sell beer, wine and cigarettes.

Oh, they also need to install a Mr. Tax (We do it for you right now, and we’ll give you cash instantly - RAL).


10 posted on 01/09/2014 3:19:34 AM PST by Gaffer
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To: All

the rest of the story goes into how Gay C Penny’s is heading into retail oblivion... Gee I wonder why, maybe all the childless, single gays decided that low priced, poorly made children’s and women’s clothing was not something they wanted to go out of their way for.


11 posted on 01/09/2014 3:21:10 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: SoFloFreeper

So the 2500 will get unemployment, and according to Zero & Nancy that will stimulate the economy. . . .


12 posted on 01/09/2014 3:21:55 AM PST by DeaconRed (GOD: Please send us one more Ronald Reagan. Soon. Thanks Da Deacon.)
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To: babble-on

There are two Macy’s stores here in East San Diego County only 4-miles apart. I shop in both and unless it is during the holidays they seem pretty much deserted. I can’t imagine Macy’s needing them both or either of them being profitable. I’m surprised one is not slated for closure.


13 posted on 01/09/2014 3:26:08 AM PST by South40 (Liberalism is a Disease)
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To: Truth29

Unless it can be reversed, it will be the death of our America. To think that this Commie Btard has another three years is very frightening. My only salvation is that I can watch from offshore.


14 posted on 01/09/2014 3:28:41 AM PST by AlexW
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To: SoFloFreeper

I used to love going to Macy’s in the 1980s. It was a nice place. They were only in the northeast and California. Then they started expanding rapidly and lost whatever “class” they had. Today, Macy’s is little better than Sears. What a shame.

It’s sad to look back at all the department stores that have closed in the past 30 years. Does anyone remember B. Altman? Now THAT was a classy department store!


15 posted on 01/09/2014 3:32:47 AM PST by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: newnhdad

” Gay C Penny’s is heading into retail oblivion.”
______________________________________________________
This surprises me, as I was a big JCP catalog customer, but it was at least 15 years ago. Has it changed that much?


16 posted on 01/09/2014 3:32:52 AM PST by AlexW
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To: SoFloFreeper
Spin this up you well worn backside obama! This is just the beginning... watch for massive bankruptcies and closures in 2014... trust me... I have been a businessman for 45 years and I know! I cannot tell you how many friends that I know that have businesses and are deciding right now if they will continue or close. WE ARE BLEEDING TO DEATH OUT HERE IN REALVILLE!
17 posted on 01/09/2014 3:42:57 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: AlexW

yes. they decided to turn their marketing towards the growing 2% of the homosexual community that don’t shop there because of the quality and much to their surprise, they offended a large part of the other 98% who stopped shopping there. It was probably the worst decision since new coke, IMO.
For the most part, retail outlets like JCP and Macy’s that employ the business models of the 60’s and 70’s (indoor mall based, high average mark-up, weekly “sales”)of our childhood will be going away and will be replaced with the “hypermarche” model in the shape of Target with a more robust online presence. This is why we don’t really see any new malls, just strips. Retail is a bad investment IMO.


18 posted on 01/09/2014 3:44:37 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: Gaffer

I had never been in a Macys in my life, until 2010 (I was 52 years old). What I found was....a upscale shop where you’d go if you made $50,000 or more a year, and wanted to dress well and be noted as “in-fashion”.

To be honest, across the nation....I doubt if there are more than eighty cities that could support a Macys operation.

A disposable income? I’d say you need that...a feeling of dressing well for your business or church or status in life. You also need to let folks know....that you shop there...as part of your status.


19 posted on 01/09/2014 3:47:28 AM PST by pepsionice
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To: LibLieSlayer

“WE ARE BLEEDING TO DEATH OUT HERE IN REALVILLE!”

I’ve never shopped much at Macy’s (too expensive), but to me the most disturbing thing about this is the media silence as this country grinds to a halt. I live a few miles south of the Xanadu Mall next to Giants Stadium in NJ; it was finished a few years ago and never opened. Every week in a neighboring parking lot they hold the Meadowlands Flea Market; people who used to shop in stores are now buying essentials (toothpaste, toilet paper, food) there instead.


20 posted on 01/09/2014 3:53:04 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: fatnotlazy

“I doubt retailers did well during the holidays”

I hear because the after holiday markdowns were so good a lot of people were returning merchandise, getting the refund and rebuying the same thing at a deep discount. Heck, I did it myself once and saved $30.........so yeah sales were down, and we all know who we can thank for less expendable income.


21 posted on 01/09/2014 3:53:38 AM PST by V_TWIN
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To: pepsionice

“I doubt if there are more than eighty cities that could support a Macys operation.”

A big problem for these retailers is that the disposable incomes are leaving the dying, older cities and heading to growing cities in the South. I’m sure the same pattern is occurring for high-end cars and such; here in the Northeast many of the clients that used to do business there have watched their jobs disappear. Not too many Wal-Mart greeters in the market for a new Mercedes...


22 posted on 01/09/2014 3:56:23 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Tennessee Nana

The one up the street from us here in Overland Park KS


23 posted on 01/09/2014 3:59:25 AM PST by Mercat
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To: babble-on

Judas Priest, I do not want the OP store to close


24 posted on 01/09/2014 4:03:39 AM PST by yldstrk (My heroes have always been cowboys)
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To: LibLieSlayer

I tell you what, for too long your business buds have voted for whatever looked like was best for business including going along with the Democrats.

This misplaced pragmatism is partially responsible for these Democrat thieves being in office


25 posted on 01/09/2014 4:07:03 AM PST by yldstrk (My heroes have always been cowboys)
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To: pepsionice

snort no

Macy’s is not high fashion

but they had a decent men’s department and good markdowns


26 posted on 01/09/2014 4:09:04 AM PST by yldstrk (My heroes have always been cowboys)
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To: kearnyirish2

A big problem for these retailers is that the disposable incomes are leaving the dying, older cities and heading to growing cities in the South.


A point to consider, also the people in the ‘south’ have less need for an extensive ‘winter’ ensemble of clothing. That makes a huge difference for these stores that are used to supplying clothing for both seasons as well as the ever-changing demands of ‘fashion’.

Add in less disposable income and store like Macy’s that rely on clothing sales are in trouble.


27 posted on 01/09/2014 4:13:56 AM PST by The Working Man
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To: The Working Man

We all have so much crap it would take decades before all our clothes ran out. Have you seen how packed with clothes the thrift shops are


28 posted on 01/09/2014 4:17:01 AM PST by yldstrk (My heroes have always been cowboys)
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To: SoFloFreeper

I just bought a food processor at Macy’s for $70, marked down from $149.

I have purchased a few other items there that were deeply discounted.

There are nice clothes, but I look at them to get ideas. I’m sewing more these days, because there is a lot more selection when you make your own clothes!


29 posted on 01/09/2014 4:21:23 AM PST by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
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To: SoFloFreeper

The “Kinky Boots” parade probably didn’t help much either.


30 posted on 01/09/2014 4:22:07 AM PST by NY.SS-Bar9 (Those that vote for a living outnumber those that work for one.)
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To: South40

They likely have leases that must be paid..... open or closed


31 posted on 01/09/2014 4:25:06 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: yldstrk

We all have so much crap it would take decades before all our clothes ran out. Have you seen how packed with clothes the thrift shops are


I know what you mean, I still have some clothing in my closet from 30+ years ago.


32 posted on 01/09/2014 4:29:27 AM PST by The Working Man
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To: SoFloFreeper

Macy’s used to be a good store to purchase men’s clothing.

I don’t shop there but, when I walk through I thinktheir hip hop is oddly out of place for store that should cater to middle and upper middle class.

Their appliance section seems haphazard in layout as well.


33 posted on 01/09/2014 4:46:02 AM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: newnhdad; AlexW

JC Penny’s has been in trouble for years before they tried a hail mary pass with appealing to gays. They would be going out of business regardless of what they did.


34 posted on 01/09/2014 4:49:25 AM PST by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
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To: kearnyirish2

I have seen similar things down here. The really scary thing is that small businesses are failing like popcorn pops.


35 posted on 01/09/2014 4:55:38 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: napscoordinator

I agree.. a hail mary is an understatement. We have one near us for as long as we’ve been married and I don’t think we’ve stepped in there since my wife was pregnant in 2006. We can get cheaply made children’s clothes at Salvation Army, Goodwill, Walmart and Target and we get better service and selection.


36 posted on 01/09/2014 4:55:40 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: SoFloFreeper

A few years ago the company that owned Macys and Hechts changed the Hechts stores to Macy’s in the few remaining and large Malls around Maryland like Towson and Columbia .

This meant replacing products with more expensive products, and raising the prices of products that were continued under Macy’s like certain clothes brands. (its Macy’s so it has to cost more)

I liked the Hecht’s , I dont shop at the Macy’s, its a rip off.


37 posted on 01/09/2014 4:59:14 AM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
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To: Tennessee Nana

They slapped the Macy’s name on the Davisons chain in 1986 and ran that chain into the ground, and then slapped the Macy’s name on the Rich’s stores that they had bought. Wouldn’t surprise me if they didn’t run that chain into the ground, as well.


38 posted on 01/09/2014 4:59:28 AM PST by PAR35
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To: AlexW; newnhdad

Penny’s fired the guy who was pushing the gay agenda, and has tried to turn the chain back around. They seem to be making some progress, but the jury is still out on whether the current management can save the chain.


39 posted on 01/09/2014 5:02:02 AM PST by PAR35
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To: napscoordinator; All

I remember when friends said that their clothes were from “Jacques Penay” to give it some class.
Personally, I thought it was a great catalog company, but that was quite some years ago.


40 posted on 01/09/2014 5:16:16 AM PST by AlexW
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To: PAR35

Penny’s fired the guy who was pushing the gay agenda, and has tried to turn the chain back around. They seem to be making some progress, but the jury is still out on whether the current management can save the chain.

*****

When I go into a Penney’s, for one, it’s swarming with illegals pushing strollers with 4 kids hanging off of them, (and definitely not gays) OR, the illegals are working at the cash registers. The store of my youth is just not the store my youth anymore.

Then the merchandise is so unbelievably tacky and poorly made, I’d rather throw my money into the garbage than buy any of it.

Macy’s is probably re-arranging to stay afloat — but it won’t last long. Folks like us — the ones with any sort of income left, are remodeling, perhaps replacing an old car or two this year, and just generally still trying to hang onto the jobs we have for dear life. I have cut out so much that I’d like to have, but don’t really need ...and that’s what Macy’s offers.


41 posted on 01/09/2014 5:16:22 AM PST by LibsRJerks
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To: SoFloFreeper

JC Penny, Macys, and other department stores were where the Middle-class shopped. The Middle-class is being killed off in this country so course those stores are dying too.


42 posted on 01/09/2014 5:19:53 AM PST by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: LibsRJerks
Then the merchandise is so unbelievably tacky and poorly made....

Roger that. I've gotten a good number of coupons from JCP over the past six months, so I've gone there a couple of times looking for things - shoes, pants, etc. Hey, I like $10, or $25 -off coupons as much as the next guy. :-)

Anyhoo, I looked at their merch both times and said "Never mind". Two cracks at it is enough, I doubt that I'll be going back.

Macy's got my business, in both cases. Prices were actually the same or lower than JCP, and I thought that the quality was better.

43 posted on 01/09/2014 5:34:03 AM PST by wbill
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To: The Working Man

And it looks as good as the day you/I bought it!


44 posted on 01/09/2014 5:36:47 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SoFloFreeper

Macys here in South Tx is still going strong.


45 posted on 01/09/2014 5:38:20 AM PST by patriot08 (NATIVE TEXAN (girl type))
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To: SoFloFreeper

We were told that a service economy would replace the industrial economy that was being off shored.

Looks like if people don’t have money, they won’t shop or consume services.

So what is next? Slave labor on the manor system like the days of old?


46 posted on 01/09/2014 5:41:17 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: SoFloFreeper

Trickle up economics.

Pray America is Waking


47 posted on 01/09/2014 5:50:35 AM PST by bray ("The Republic of Texas 2022" is coming in Feb)
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To: Cowboy Bob

My mother was a big fan of B. Altman along with Best & Co. and Abraham and Strauss (A&S) and let’s not forget Gimbels and Ohrbachs.


48 posted on 01/09/2014 6:02:51 AM PST by surrey
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To: fatnotlazy

When it’s come down to blaming flat screen TVs on low NFL ticket sales...I think we know.


49 posted on 01/09/2014 6:03:48 AM PST by CommieCutter ("For an idea to be too simplistic, it must first be proven wrong" --Thomas Sowell)
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To: SoFloFreeper
Obamacide... destroys economies on contact!
50 posted on 01/09/2014 6:08:59 AM PST by CodeJockey (Christian, Freeper, Tea Party Member, Bitter Clinger, Creepy White Cracker)
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