Rebuild Department Stores For Success In A Digital World [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Their future has been questioned by experts who see both activists and even owners attempting to take them private because there seems to be less need for the emporiums of yesterday. This blog tries to highlight some of the flaws that are undermining the success of department stores. Too many chiefs. We see this too often in many of these chains. When looking at the makeup of Macy's, one finds there are 9 chief executives; each has a nice office, a pleasant secretary, and a huge salary. In contrast, look at TJX Corp. and you see a lot of Indians (buyers) but few demand the trimmings a chief would receive. Too long delivery time . It takes Amazon less time (mostly overnight) to delivery most merchandise than it does any department store. The only reason people buy from Amazon is because it quickly solves a personal need problem and pre-empts the need to visit a department store at all. PROMOTED Unproductive stores. There is no need to have unproductive stores that drag down p
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M
News
- Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's [CNBC]CNBC
- GameStop sinks on plans to issue more shares, stocks waver to end the week: Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- The C-Suite Secret to Success for Retailers Like Walmart and Dillard's [Forbes]Forbes
- GameStop sinks on plans to issue more shares, stocks waver to end the week: Yahoo Finance [Yahoo! Finance Canada]Yahoo! Finance Canada
- Macy’s, Inc. Board of Directors Declares Quarterly DividendBusiness Wire
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 5/16/24 - Form SD
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website