Anti-Trump Macy's Closing Stores, Cutting 10k Jobs, Stock Collapsing

[livingston]

Ever since Macy's severed ties with Donald Trump and attacked him as a racist, their company has been imploding.

Trump said all like-minded patriots should boycott the company on July 1st, 2015.
From Fox Business:
Macy's Inc. (M) outlined restructuring plans Wednesday that will eliminate more than 10,000 jobs at the struggling department store giant as it closes about 63 stores this spring and looks to cut additional costs.

The retailer said it would eliminate about 3,900 jobs with the store closings, which are part of a plan announced last summer that will close about 100 of Macy's 730 locations. It also will eliminate about 6,200 other positions as part of an effort to streamline operations and reduce expenses so it can invest more in its digital operations.
Trump Curse: Anti-Trump Macy's Closing Stores, Cutting 10k Jobs, Stock Collapsing

 

[livingston]

Macy’s closing store at the Marketplace Mall
Macy’s announced Wednesday that it will close 68 stores throughout the country, including one at Marketplace Mall in Henrietta.
http://www.democratandchronicle.com...acys-closing-store-marketplace-mall/96168460/

 

[Darth]

Macy's?

Isn't that about as relevant as a Blockbuster closing?







I feel old.

 

[E the massive]

J.C. Penney's Thanksgiving Day parade FTW.

 

[GOPerfect]

I really don't think can fall completely on the Trumps' shoulders. Macy's has been doing kind of bad for a while. Most of these types of stores are hurting; internet buying is much easier than going to the store. Most of the times, the internet part of these stores are never out of stock!

 

[Darth]

I really don't think can fall completely on the Trumps' shoulders. Macy's has been doing kind of bad for a while. Most of these types of stores are hurting; internet buying is much easier than going to the store. Most of the times, the internet part of these stores are never out of stock!

Ask Sears/K-Mart

 

[C3D]

Closing in Douglaston also. I remember when that store opened, I was 10.

 

[swilliams]

Macy's bought out a bunch of other regional department stores across the nation and not only rebranded them, but put all buying under control of NY. Huge mistake, and goes back well before 2015.

 

[Dr. Evil]

Poetic justice. I just feel bad for the employees who are going to lose their job who actually supported Trump.

 

[Jezman]

I really don't think can fall completely on the Trumps' shoulders. Macy's has been doing kind of bad for a while. Most of these types of stores are hurting; internet buying is much easier than going to the store. Most of the times, the internet part of these stores are never out of stock!

If people were not taxed to death maybe they could go to a store to shop. As long as I live here i will be just like every rich person in NY pay as little tax as possible. The thugs voted into office take too much of it.

 

[Catskillkid]

Ask Sears/K-Mart

Yeah, pretty much all the Sears stores are closing around me. Too bad really. Sears was I believe one of the longest continuously operating companies in the US. If memory serves me correctly I think only Remington actually has them beat.

 

[Darth]

Yeah, pretty much all the Sears stores are closing around me. Too bad really. Sears was I believe one of the longest continuously operating companies in the US. If memory serves me correctly I think only Remington actually has them beat.

I like the "lifetime warranty" on the Craftsman tools now.

A) Now they are mostly garbage.

B) Lifetime of the company? <5 years.

C) All tool companies do this now.

It's Lowes for me now for 2 reasons. Maybe 3.

1) Jimmie Johnson.

2) Lifetime Warranty on quality tools that don't bend you over the barrel like Snap On.

3) It's not Home Depot.

 

[GOPerfect]

Some of this is no different than stores like Cabellas being bought by Bass Pro...

We have Cabellas, Gander, Bass Pro, Dicks, Field and Stream and others; great big stores that all carry the SAME items.

Some of these stores have to close. Way too many of the same thing.

Sears, JC Penny, Bon Ton and Macy's, ALL are the SAME.

 

[islandman]

Macy's has been imploding for several years, this has nothing to do with Trump. As GoPerfect has stated, once you buy up many different stores, you eventually have to close stores. Macy's bought up several stores, that offered the same things. Again this has nothing to do with a Trump call for boycott. The closings announced were part of the plan they announced last August.

 

[Koz]

Last time I was in a Macy's was to buy a Trump tie. Ironic in a Karma-kinda way!