How Macy's Went From Retail Pioneer To Dying Department Store | Business Insider Explains

Macy's began as one of the first department stores and expanded into a retail giant with locations across the US. But now it's closing stores and cutting staff. Can Macy's survive the retail apocalypse?
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00:00 - Introduction
00:31 - Macy's Opens In 1858
01:01 - New Pricing And Payment Strategies
02:02 - Macy's Creates The Retail Santa
02:25 - The Straus Family Takes Over Macy's
02:40 - Macy's Moves To Herald Square
03:37 - Macy's Becomes The World's Largest Store
03:45 - Macy's Celebrates Their First Thanksgiving Parade
04:27 - Macy's Expands All Across The US
05:20 - The Fall Of Macy's
06:10 - Macy's Files For Bankruptcy
07:00 - Competition From Fast-Fashion Giants
07:20 - Macy's Closes Stores And Layoff Staff
07:53 - Executive Shake-Ups at Macy's
08:58 - Credits
------------------------------------------------------
#macys #retail #businessinsider
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How Macy's Went From Retail Pioneer To Dying Department Store | Business Insider Explains

[@mgtowgamer9977]

I worked for Macy's corporate until 2009 so I am not surprised that the company went downhill; too many out-of-touch and stupid decisions & strategies - too many!!!

[@ArtimusDragon]

Executive level decisions are always the cause of these beloved brand going to pot. It should be a criminal offense to conduct business this way.

[@mgtowgamer9977]

The company needed younger executives and leaders than the old guard that was out-of-touch with their views.

[@pepposano4200]

I don’t get why people like online shopping for shoes, clothes, & perfumes you can’t try shoes or clothes on and you can’t smell the perfumes…

[@12inch_monster]

laziness

[@margaretcervern7229]

Thought Macy's bought out bambergers

[@centos8034]

You can have both, you know...

[@AlbertMoyerJr]

If you already know which shoes you enjoy and which colognes, you like there is no reason to go shopping at a store and waste gas and time. Maybe that will help you understand a little.

[@CarbinKid]

This is half correct. If you know the brand, you can order it. I agree with you on items and brands you're unfamiliar with, though

[@SagaIsDead]

Macy’s feels more like a Ross these days.

[@e.gadd.1]

The last time I was at Ross there were a couple African American guys running the registers dressed like street gangstas wearing hoods, I'm like seriously? The woman in charge was pretty seedy looking too. Menards displayed a guy getting carts with his pants falling down (missing prison belt) and another guy working inside with a huge mess of poodle hair down his back. Then I went to Meijers and a guy was stocking shelves with clown hair, and the register supervisor give me a double take. This middle aged woman she had what looked like a girl scout frock on with junk and ornaments pinned to it all around, and topped it off with a wifebeater! WTH 😵‍💫 How can you expect to be respected as a professional when you look like that. I worked in retail in the 90s, they would never let people dress like this for work. I can't even tell who the employees are anymore. This right to look like trash has gone too far, it just makes stores look bad

[@e.gadd.1]

Those creepy weirdos that "edit" and "correct" the KZbin comments to conform with their own twisted, demented minds obviously are a big fan of the deterioration of society thats why they hid my comment. They know where they can go, and where we all wish they would!

[@e.gadd.1]

>>Those creepy weirdos that "edit" and "correct" the KZbin comments to conform with their own twisted, demented minds obviously are a big fan of the deterioration of society thats why they hid my comment. They know where they can go, and where we all wish they would!>> Copied and saved this comment, to repost on a few other sites today. More people definitely need to see it KZbin can hide it here as they please.....but it only makes it more true, as others have said

[@keafmqefbr]

I work at the flagship Macy's and they treat everyone there like shit- management is a joke, all the higher ups are out of touch entirely and the new CEO whose the Bloomingdale's CEO is starting the process of cutting out anyone whose not the 1%. He openly said Macy's is no longer catering to the middle class and will now be making it's return back to real luxury starting with removing Macy's from malls (which is funny because the remodel they did made the place look like a huge tacky mall). The employees are so mistreated that employment outside of veteran employees is a revolving door. I don't even work directly for Macy's and I can see easily how bad it is. Ontop of it all there is no real safety in Macy's. I've moved between different Macy's for my job and in every one nobody felt safe, the flagship has to be the absolute worst. Employees are regularly threatened and have been held at knife point MULTIPLE times during closing hours for their drawers. Security is a joke and Macy's legitimately does not care about our safety, security does not show up when called unless it's about merchandise being stolen. I know multiple people who have had their property stolen and Macy's won't look at cameras unless it's Macy's property, I know someone who was followed into the store and they wouldn't check the cameras, I know another person who had to physically fight someone off of them because they were trying to steal their property and honestly I could go ON AND ON. I personally have been threatened and had to deal with multiple things I shouldn't have to while working there and I'm sure when I go into my shift tomorrow it will be the same! For the sake of the workers I hope it doesn't go under horribly but everyone who is higher up are sincerely bad people who deserve to suffer exactly what they're making their employees suffer. Oh! They also have the union under their thumb entirely so there is no one to fight for these people it's literally gut wrenching to watch day in and out. There is also honestly a lot of messed up shit that happens internally with Macy's employees as well, genuinely think someone should study the social dynamic there.

[@tonjamarshall4842]

I believe you, I work at a job where most of the higher ups are psychotic.

[@jamesthemaniac3293]

Just wait till Venture Capitol buys it. Things will get MUCH worse

[@nonadaze]

😢

[@zbagz01]

My grandmother was a union leader at the 34th Street Macys in the 1960s and 70s. It was a very different store back then. There was even a plaque in the store in her honor - I'm sure it is gone now.

[@e.gadd.1]

Like most of the grand olds Macys got rid of all the stuff that made people come. The classy stores, the marble floors, the well dressed ladies.... the big grand buildings and lavish decor. It was an experience. Now they look like a garage sale run by Goodwill workers. Meh.

[@la6136]

Exactly. Macys real problem is they started selling cheap brands and clothes plus making their store look cheap instead of sticking to a higher end experience like Nordstrom

[@xoxoxoxoxo7997]

Well said

[@nymeriastark9652]

Felt like the background music was too loud, made it harder to hear the narrator.

[@youtubewatcher4603]

Those investors aren't trying to save Macy's; they're just going to auction the property off.

[@dgreene3209]

Exactly. Will go the same route as sears

[@Astrobucks2]

Good? The brand has no place in the world now.

[@SeaTownAsh]

Macys has bad service and quality these days. Nordstrom has far superior service.

[@1990758]

True

[@stackchn]

Sears and JCP became obsolete as well.

[@kishascape]

It's just dumb boring clothes and mediocre perfume and jewellery. They rarely sell anything useful anyone wants or needs. And that was 15 years ago, it's just a massive waste of space and time.

[@makin_eng]

True 😮🥲🥹

[@SigmaRho2922]

What about dillards?

[@rbsmith3365]

JC Penney’s pays more than Macy’s. Struggling employees are on food stamps!

[@Ann12681]

Their customer service has been awful for a decade. You can never find someone to help you and you have to walk around trying to find an open register. Shopping Macys on line is a much better alternate and they have no one to blame but themselves.

[@1990758]

Exactly in when you find someone they act as though you are bothering them.

[@Magggneto]

Their fragrance department employees are insanely aggressive too

[@jessejames9149]

Thats what people say about Walmart "horrible customer service" and yet still go shopping their!

[@TMendocino]

Federated ruined retail....When I grew up in Torrance, We had Sears, Robinsons, Orbach's, Buffum's, Bullock's, Montgomery Ward, May Co, Broadway, JC Penney. Those were all anchors. Going shopping was fun. The stores had different stock and they competed. But then the Federated bought everything and closed all anchors, making going to the Mall boring. One anchor, Macy's Men's, Macy's, Macy's Women's, Macy's Furniture. Every now and then we would drive to South Coast Plaza or Cerritos they had Nordstroms. But honestly the thrill was gone. I never go to Malls anymore.

[@chrisf6666]

Macy’s destroyed Marshall Fields. That still hurts to this day. MF was a world class store back in the day !😢

[@teresarudnik8067]

Absolutely…..it still stings!!!❤❤❤❤

[@MrPappymn]

They screwed up by changing the historical regional chains over to the Macy's name and model. Killed the regional flavor that was special

[@drewk1514]

Terry Lundgren said Everybody loves Macys. Guess not.

[@NobodyYouKnow312]

Agreed. They lost me when they phased out Foley’s.

[@lesliemonty31]

It's really sad that our regional stores were caught up in the Macy group. In the Pacific Northwest we had the beloved Bon Marche for decades that was taken over. Also Marshall Fields in Chicago was another unfortunate casualty.

[@Astrobucks2]

Yup. New Yorkers think the only thing that matters is 'their' brand. They steamrolled the regional chains with Macy's across fly over country, and it failed.

[@khalil9611]

@@Astrobucks2 I don't think the citizens of the city the company's flagship store operates out of has much to do with this. It's more so a branding, corporate, and name-recognization thing. Good way to find a reason to connect it to people you already don't like though.

[@dgreene3209]

If they sell to that investment company that will be the end of Macy’s

[@megansfo]

I worked at Macy's San Francisco from 1970-80, my first real job. But though I buy from them online occasionally, I haven't gone into a store in years. They've been around for a long time, and will continue to exist in some form for a while yet!

[@residentevil4life]

The day Macy's closes is when you really know its over for major non fast fashion/luxary clothing stores.

[@la6136]

Not really…. A new store will pop up to replace it. There is always a demand for luxury clothing many people do not like cheap fast fashion

[@TheNewgreatlife]

@@la6136 I think they were saying if a store is not fast fashion OR luxury, it'll be over for them. Meaning everything that's not in one of those two categories. I agree because the market is obviously fragmenting more and more all of the time. Macy's is probably wise to only put effort into its locations in higher-end malls going forward and let the regular mall locations and dead mall locations go completely. Macy's used to almost exclusively be found in upscale malls before the 2005 nationwide rollout.

[@stackchn]

The Macy's credit card 💳 interest rate has gone from an already high 25% two years ago to a now current day insane 34.49%. That's nearing loneshark rates 🦈

[@gilberttorres8]

That’s your fault for even getting a Macys card, they’ll rob you in front of you. Just cuz you wanted those new shoes on the Macys card.

[@xoxoxoxoxo7997]

Wow

[@ArtimusDragon]

What I will never understand is why top level executives have to make millions of dollars for.

[@DanielleSelah]

I worked for Macys in the early to mid 2000s and there is no way anyone can survive on the wages they pay. If you worked full time you had to either pay for benefits or pay your bills but you could not do both. As a customer every now and then they have a nice sale but it’s not a place to constantly shop at.

[@SigmaRho2922]

Other Macy’s acquisitions include The Broadway in 1996 and Stern’s in 2001. Stern’s itself was a chain in the Northeast which most notably acquired Gertz in 1982. That chain’s flagship store in Hicksville opened in late 1956 and remained in operation until early March 2020, when it closed shortly before the covid-19 pandemic was declared.

[@EcomCarl]

The video's analysis of Macy's rise and challenges is thorough! For legacy retailers, the key to revival often lies in leveraging their rich heritage while innovatively adapting to modern consumer habits and digital landscapes 🔄.

[@LawandOrder-fi5xk]

When are we going to see the Amazon Thanksgiving day parade.

[@xoxoxoxoxo7997]

Lol

[@SLone3251]

Probably sooner than later. Lol.

[@vanshookme6531]

Speaking from the UK, here is much the same. Big retailers who rested on their laurels and didn't keep an eye on the market trends, technology, serious sourcing strategies (to keep prices low) and keeping nimble with staff/overheads. Another major mistake for many of the big chains was underestimating your competition (Bricks: Uniqlo, Zara, H&M, Primark, T.K.MAXX and Online: Boohoo, Asos & Shein) If you want to find the biggest concentration of talentless jobsworths the British high street is at least number one in the world for that at the very least.

[@ThompsonSteamtrain]

this year will be the 100th Thanksgiving parade

[@steelionx9255]

I wonder if they think it'll be ruined by Trump winning again. LOL!!

[@StayVCA98]

Prolly because of the business boom of Online Shopping...

[@markclay1000]

And the brands they carry the youth isn’t interested in.

[@dejialonge]

@@markclay1000 They need to learn from the turnaround of marks and spencer

[@Xeonerable]

Online retail is like a thousand small cuts, but the hemorrhaging is really happening because they shot themselves in the foot by not being price competitive. Go to a department store and look at the prices of stuff, its completely outrageous.

[@rahimi4762]

Ppl believe they are too expensive which is a lie. You can get things on sale for cheaper than the cheap stores

[@Finesse_based]

@@rahimi4762yeah after fighting tooth and nail to get it

[@2GlobalMarkets]

Macy's indeed has a rich history that's deeply woven into our culture, from pioneering retail strategies to shaping holiday traditions. Despite challenges, its legacy remains influential. 🙂💚

[@DizzieDaCrazzie88]

last time i shopped inside macy's department store was in 2016 enough said....

[@chriswitt2596]

Out of desperation I visited the Macy's in our area yesterday. The escalator was broken. There was a mass amount of clothes but nothing for me there were more employees than customers I felt bad I like to shop in stores. Maybe old fashioned but I like to see what I am going to get. Too much guessing with online shopping unless you know for sure

[@ttrestle]

I really miss our Macy’s in my city

[@1990758]

I worked at the one westwood california from 1988 until 1996 we had good customer service.

[@makin_eng]

Memories

[@chocochef3092]

Just waiting for Macy’s to pull off a Sears.

[@mcg1119]

Nobody shops in person anymore? I was at a suburban mall on a Sunday afternoon, and the Macy's juniors dept., which fronts the mall walkway, appeared to have no customers looking or buying. The Penney's a few doors down had about three people looking around. The mall had many people walking around outside and going to restaurants, but few people in stores.

[@mehballflickbean]

Backing music way too loud on this clip. Difficult to focus on narration.

[@brandonfu9308]

Heard Macy's Herald Square is in the process of replacing all its iconic wooden escalators too to save costs on maintenance😢

[@SLone3251]

The in-store experience and management issues brought up are a thing for sure, but what I've noticed is Macy's lackluster sales. Stuff is always full price or sales come and go and savings are like 20% max. It's hard to compete when people can try shopping some of these same brands online or elsewhere for less.

[@jq5843]

The last time I tried shopping at a Macy’s they looked at me and said I had to buy what I was looking for online. Waste of my time. And they wonder why they are going under?

[@SinaAla]

I used to work in the Macy’s in Redondo Beach, CA. We used to take clothing from fitting rooms (including those that smelled of body odor) and put them back on the floor without cleaning or treatment :(

[@rtperrett]

That Macy's was originally a May Company that became Robinsons May.

[@la6136]

All stores do this unless as an employee you want to spend your days cleaning clothes?

[@djsvikings9281]

A couple decades working in their collections dept. The number of deadbeat customers out there is astonishing. Federated, in my opinion, should have not bought them. My biggest regret was not selling my 401k stock when it was at $80 something. It was always a $40 something stock. I got hosed when I finall sold at $22. Bought it at $11 after passing when it went to like $4.95 during the 2008 meltdown. Had funtimes there working with mostly great people. Still got my employee discount too. Those were the days.

[@eferlinindonesia1910]

Yeah any businesses and organizations that want to expand, need to follow the trend...

[@kingderald]

The problem is way too many stores. Greedy business men. Put limited items on your website and force people to come to the stores with elaborate promotions. Retail will never be the same if we continue forcing people to shop for cheap products online.

[@AlbertMoyerJr]

Macy's, Sears, Woolworth, K-Mart, etc. You have to change business models or your close.

[@user-mr1ln4jx2j]

it doesn't help to send out coupons that have fine print that includes 90 percent of what is in the store that the coupon doesn't apply to (most of what you would be interested in)so i would just toss them in the trash without even looking at them; i have worked and quit rather quickly at these places that have a new manager that doesn't know anything about how things work and totally trash the place

[@makin_eng]

I remember going to MACY’s with my mom, the good old days😢🥹🥹🥲

[@BrianHornak]

And likely a management team that has not a clue what they are doing and a private investor will be the final nail in the coffin

[@CS-pi5oc]

Let’s get honest here. I was a Macy’s Long Island, NY shopper. I bought my perfumes, clothing, & shoes. Then, the workers no,longer were helpful. I once waited at a counter in line. The worker closed and walked. I went to two others before getting assistance. Then the clothing changed. It was frumpy and in colors that did not work for this fair blonde. I started doing a stand and scan to search for my colors..no luck. I no longer shopped there. Athleta bc my go to for casual & workout. JCrew was ok.

[@tgustafson85]

They assumed everyone would love them and think they were “magical”, but Dayton’s and Marshall Field’s shoppers saw it as the massive downgrade it was

[@LockedKeye]

2:40 This is only partly correct. While L. Straus & Sons imported some (not all) of the blanks from Europe, they did the cutting for their rich-cut glass in the United States.

[@HaHaBIah]

Wait, that's the Macy in Macy's Day Parade

[@panatypical]

The Macy's in Brea Mall, in Orange County, California is ENORMOUS. It's actually two Macy's stores, but they're having trouble keeping one of them going. Still, it's a pretty vital store here.

[@SinaAla]

The Macy’s in Torrance has a similar format. One of the stores used to be Robinson’s May.

[@johnl.7754]

In business (especially retail) it is toughest to be in the middle (not high end or low end) so Macy’s need to focus on deciding to go all in high income or low income customers. They are probably more suited to go toward high end with their history.

[@SkinnyPigDesigns]

I agree. Everytime I go to Macy's I feel confused about who they are supposed to cater to. They're too expensive for Target shoppers, but not high end enough for luxury shoppers. We have Neiman Marcus, Macy's, and Target all in one mall where I live and people gravitate either towards Neiman Marcus or Target first and then Macy's is an afterthought if they couldn't find what they wanted

[@OzzieBo]

A fun fact: Isador and Isa Strauss, you may recognise their name, died aboard the RMS Titanic.

[@kennethrosario6706]

I went to Macy’s it was so empty! So much inventory

[@joeson7700]

An ex LP ( Loss Prevention ) staff said " How most of them will CREATE a Ruse to COVER for their ACCOMPLICES , rewards better than Bonuses ! " a case of massive INTERNAL Theft & Fraud ?

[@HVinepolo-xg2ep]

help save my old parking lol

[@1990758]

Macy's in the late 80s late 90s westwood california. Customer open a Macy's card the employee get 5 dollars. Lol i was making about $3.50hr _ 5 dollars hr

[@mimiwallen]

Macy’s been surviving due to their large portfolio of real estate space they own, especially in NYC. Yes they do own that Herald Square building!

[@BrianHornak]

Years ago macys felt like a store for the every day person..the makeover at least at herald square..seems to be targeting the high and mighty. .....

[@janemariesecovich8583]

It is because of the internet. All of stores are closing My store closed

[@darwincity]

You can boil everything down to « online has eaten up the biggest slice of the cake, and clothing retailers ate up the crumbs ».

[@edyann]

Not only Macy's. I think all department stores are going under because of Amazon.

[@neanam]

Amazing

[@kcindc5539]

No. You can’t buy clothes or shoes or fragrances solely online.

[@ArtDocHound]

The Ts and Ss!

[@broadwaybaby348]

Macy's 34th Street lost me as a customer when they closed their restaurants. Now their prices for clothing and home goods is way out of line compared to the product quality.

[@markclay1000]

And the brands they carry the youth isn’t interested in.

[@rahimi4762]

Polo. They have Rag & Bone and others. It’s the job market

[@1990758]

But I bet they would take a 2000 gift card

[@joshcoe]

business insider

[@joannabruns529]

My store was Lazarus until they changed to Macys 😢

[@ihopethiscommentisntabusiv4670]

$6BN for Macy's? They should take that and run

[@johnl.7754]

Was very disappointed last year when I went to a Macy’s store many items ( like luggage and some clothing) didn’t have the correct price on them and the customer service was not good. I had enjoyed going shopping there around 20 years ago.

[@redbloodedbutterfly]

Yea. Not having the correct price is why I walked out with nothing. I was told the price of the item I was looking at was actually higher than what the sticker said. Most stores would honor the price they put on their product. It was less than a $10 dollar difference. Other items were in the clearance area, but not actually on clearance. What a waste of time.

[@aaronnava2985]

It's kinda simple every thing now a days is sold online. Meaning no need to rent or own a building for people to come in. Less theft. Less employees.

[@user-kw5xt4uu6c]

Wonder what's up with that building that Macy's couldn't acquire?

[@Astrobucks2]

I've owned it since the 1920s. I told them to go pound sand.

[@user-vk4jp2xc8w]

Can y’all make army boot camp 2024 video please (maybe)

[@ColonelSmiles]

Ironic that Business Insider thats own by Amazon made this

[@gmoney12stacks]

i was wondering why amazon wasn’t mentioned once in the whole video. now it makes sense.

[@genekelly8467]

They bought up all their competitors and now cannot sell; I think they need new management

[@veronicajata3121]

They're getting rid of everything we love... its so sad :( I miss Sears and KMart

[@Faeriehood]

It’s been clear that Macys would fall. Last time I walked into one was in 2017 and I was surprised at what they were selling. Nada. The selection on offer was so generic and bland at HIGH prices. It was very obvious that they “let go” of all their good buyers and keep low wage ones instead. I Love shopping retail ❤, but it was clear that they didn’t really have a VM staff. The store look so outdated and uninteresting….nothing that excited me to make a purchase. The old Polo shops where still in place but was a dumping ground for ill fitted dress shirts. I walked two doors and bought from Express & Sears. At least I felt like I was buying something special and interesting. You can blame “Internet sales” but most consumers do like to shop in person. Their is room for both. ButThis is what happens when you base a business solely on numbers instead of people and offering a selection that is interesting. Perhaps the executives should step out of the office and actually look at the merch, asking themselves…..would I put down my hard earned money to buy this? Best of luck!

[@Earth1218]

Macy’s was best when it was still a higher-end place to shop in major cities and hadn’t watered itself down to spread across America’s suburbs. They showed up in malls across the country, but didn’t bother to take any initiative to make the experience special. Instead, they slapped their signs on a bunch of former regional department store locations and didn’t even bother to renew or remodel many of them. They forgot about another national chain named Dillards that did a much better job of things and already had the suburban mall market cornered. The Macy’s at the mall closest to me is sad. The flooring, fixtures, and displays are the same old, worn ones the former department store had in the late 90’s. It smells old and musty, and their merchandise is a mess. We’re surprised it’s lasted as long as it has.

[@kome360]

So in summary: They invested big and innovated to heck, but refused to make ongoing upgrades, and now it looks like it hasn't moved on from the 20th century.

[@HumanitySwatt]

Times and things changes’s, the circles of business’s.

[@rosy2oo6]

Background music is too loud

[@AliasHSW]

Possibly haven’t bought from them in over a decade until a few years ago when it had the best price for a watch I was interested in. That was 3 years ago and haven’t bought from them since. Poor quality in-house, private label brands contributed to its demise.

[@lailasalas3437]

Can you do party city please

[@DJL78]

Next do one on the rise and fall of Business Insider. It ends with Axel Springer. RIP.

[@twittymilk631]

What should definitely been mentioned is that Isidor died on the titanic that night. I believe it’s the elder couple holding on each other on the doublebed in the movie. According to friend and Titanic survivor, when he offered to ask an officer if Isidor could enter a lifeboat with Ida, Isidor refused to be made an exception while women and children were still on board, while Ida is reported to have said, "I will not be separated from my husband. As we have lived, so we will die, together." Ida gave her maid her fur coat and insisted she gets into a lifeboat. Isidor and Ida were last seen on deck arm in arm; eyewitnesses described the scene as a "most remarkable exhibition of love and devotion"

[@garybrown5391]

Macy's is an old business model that modern consumers see no value in. It almost doesn't matter what they do to modernize because those same consumers are already trained to see them as an old outdated brand. Fast fashion, boutiques, and the internet all work against legacy department stores and shopping in general.

[@fromthebay06]

I would still shop at Macys but they don’t carry much clothes for plus size women and the sizes lack inclusion of all plus sizes beyond the typical 3x.

[@pishi1990]

The main problem is “BAD CUSTOMER SERVICE”. when you walk by the clerks and there is no one to help and all personnel are on their cell phone guess what? The customer walks out.!this is not rocket science.

[@rawbacon]

How Grants, Wards, Sears, K-mart, Etc.....Then you have the automakers that would be gone if not for your tax dollars.

[@daviddinkins7009]

Costco, Walmarts et el are more what the new immigrants are used to, most foreign countries like Manila , Mexico, don't have malls, they have open air flea markets, it looks cheaper but not necessarily is.

[@ElJorro]

I worked at macy's for about a month...I hated it.

[@jeanniec1350]

I miss living near a Macys!

[@paulperlock8949]

Sorta glossed over the Campeau LBO

[@bikedawg]

gads---TURN DOWN THE BACKGROUND MUSIC---CAN'T HEAR THE NARRATOR!!!!!!!!

[@user-ex3uj3bk4x]

This shope has famous for rich and crazy people

[@chaunceylock]

"letting go hundreds of people" Way more than that

[@drkimoni5011]

NEW GENERATION NEED T O TAKE OVER

[@neanam]

Why would they buy Macy for 6.6billion when they are a walking dead man? 8:40

[@edfig]

Because they can liquidate. Sell off real estate and investments and make more money.

[@KnabbDewick]

*God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of m $100,500 every months,God bless Angela Christine Derle 🇺🇸🇺🇸🇺🇸..*

[@QuentinHufton]

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

[@SchmelterEdeker]

Thanks to my co-worker (Alex) who suggested Ms Angela Christine Derle.

[@LysterCushard]

She's a licensed broker in the states 🇺🇸

[@Carlosilpso11]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Andy). Glory to God.shalom.

[@limeycloud7473]

Great to see you guys talking about her, she changed the game for me.

[@gilberttello08]

✋✋ Philippines

[@marshatolbert154]

I have never liked Macy’s ever since they Hoovered up two regional department stores in my hometown of Atlanta. First Davison’s then Rich’s. Rich’s was THE store during my childhood and early adulthood. Macy’s gradually got rid of holiday traditions that Rich’s had started, such as the Pink Pig mini monorail train kids rode in after seeing Santa Claus. The last straw was Macy’s getting rid of The Great Tree lighting tradition. They seem to ruin everything they touch 😢

[@Pisti846]

Davison's was a division of RH Macy & Co, long before Federated bought the company.

[@curlyhairdudeify]

Macy's is like a real life Amazon store.... So much to choose from (overwhelming) that uou just end up walking out.

[@justinleemiller]

Ugly clothes, lack of choices, weak online presence…looks like they’re doing exactly what Sears did.

[@PASH3227]

Buying local departmeht chains as they were losing business made no sense. Sure Macy's only kept yhe most lucrative locations and closed the underperforming locations but it homogenized American shopping. Macy's had no way to differentiate from the competition becaise it bought up all the competition. We're seeing something somilar with Dollar Stores. In Southern California there used to be Dollar Tree, Dollar General, 99 Cents Only Stores, and Family Dollar. Family Dollar and Dollar Tree merged. Dollar Tree will buy some former 99 Cents Only stores to compete with Dollar General. Competition declines, service worsens, and consumers eventually go somewhere else while wall streets tries to eek out the profits of a sinking ship. Thank you, neoliberalism!

[@bla9803]

wel ... it's very shallow ...