Macy’s May Need A Miracle On 34th Street [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Departments stores heavily reliant on the U.S. market need to find ways to create short-term liquidity to ensure the business withstands the current crisis of closed stores, excess inventory and a supply chain of merchandise ordered six months ago. While liquidating owned real estate can help, the need for a quick cash influx may require more dramatic measures.NEW YORK, NY - APRIL 09: Macy's Herald Square is illuminated in blue lights during the coronavirus... [+]pandemic. (Photo by Noam Galai/Getty Images)Macy?‘s, for example, has all of its stores closed and only has stores in the U.S. market. The supply chain model is based on forecasted demand which means that inventory is planned six to nine months in advance. This is a double-edged sword for the company as it has significant inventory in closed stores and has missed the peak selling for spring while orders for summer and fall were placed before the coronavirus hit the global markets.Liquidity becomes problematic with stores clos
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