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Macy's To Close 150 Stores

FreddyE1977 said:
Oh the retail industry has been undergoing an employment bloodbath for at least
a decade and probably more.
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Malls are turning into ghost towns as shoppers move online, a large proportion of them to Amazon. The local mall here has already lost 2 of its 3 anchors (Sears, J.C. Penney) and will lose Macy's next month. Fortunately, Boscov's, a small Pennsylvania chain that still sees value in bricks-and-mortar, has replaced Penney. Replacing Macy's will be difficult to impossible, and the Sears space is just sitting there, unwanted. Mall owners are already talking about day care centers or educational uses, neither of which will bring the foot traffic of retail and will only kill off the other stores in that section of the mall.
 
Keep in mind that retailers once were a major advertisers for radio & TV. With them going away, there really has been no replacement. Amazon does some advertising, but not as much as Sears or Macys. You want to know why traditional media is laying off staff? This is why.
 
CTListener said:
Malls are turning into ghost towns as shoppers move online, a large proportion of them to Amazon. The local mall here has already lost 2 of its 3 anchors (Sears, J.C. Penney) and will lose Macy's next month. Fortunately, Boscov's, a small Pennsylvania chain that still sees value in bricks-and-mortar, has replaced Penney. Replacing Macy's will be difficult to impossible, and the Sears space is just sitting there, unwanted. Mall owners are already talking about day care centers or educational uses, neither of which will bring the foot traffic of retail and will only kill off the other stores in that section of the mall.
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First, small and medium cities' downtowns went, because of malls. 50 years later, malls are going, because of online. Sad, actually. Online has its benefits, but there is something about interacting with live humans that gets lost in the process.
 
TheBigA said:
Keep in mind that retailers once were a major advertisers for radio & TV. With them going away, there really has been no replacement. Amazon does some advertising, but not as much as Sears or Macys. You want to know why traditional media is laying off staff? This is why.
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Sears went bankrupt how can they afford to print a million ads and pay to put them in the sunday papers? Also it is a waste of paper in my opinion but that is beside the point.
 
Syfy said:
Sears went bankrupt how can they afford to print a million ads and pay to put them in the sunday papers? Also it is a waste of paper in my opinion but that is beside the point.
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Companies in non-liquidation bankruptcy continue to operate with an appointed administrator. Stores advertise, buy new goods, paint walls, build new displays, hire needed staff and operate just like an other business. Bankruptcy protects them from certain debt, and can transfer all or part of the ownership from the shareholders to the debt holders.

In bankruptcy or not, advertisers like Sears use ad agencies, and they have metrics that measure the effectiveness of different ads and even different products and price points. There is a huge amount of evaluation of advertising vs. revenues that can be incredibly deep and detailed.

Newspaper advertising, particularly Sunday supplements, is still effective. Advertisers pay based on circulation, so even if that is off for just about every newspaper, it's efficient because there are lots of people who plan their purchases based on when items will be on sale.

Large retailers have been doing advertising research for about 90 years. They know a great deal about what the return on each ad and each item in those ads will be.
 
TheBigA said:
Think it's only in broadcasting where people get laid off? Take a look at retail:

https://www.cnn.com/2020/02/04/business/macys-closing-department-stores/index.html

Over 2000 employees (10% of its work force) will loose their jobs.

BTW the title should read "125 stores."
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Sure it goes out with a lot of stores, as a lot of them are chains, and when you start closing locations of stores, what do they do with the employees that work at a location? I am sure Macy's has many employees. They are the store that is seen in the original Miracle on 34th street that starred Maureen O'Hara, John Payne, Edmund Gwenn and Natalie Wood. It's can be hard for store chains to transfer employees from one location to another one, and even to do with what do you do with the one that already work at that location? They can always look for another job, but as far as putting it down, you can explain that the location closed, but even about is how can a store or business can even go about trying to find the person that was listed as their boss at that part, to talk to them to find out, what kind of employee was, and how often to they check about this, or even call the people that are listed as references?
 
TheBigA said:
Keep in mind that retailers once were a major advertisers for radio & TV. With them going away, there really has been no replacement. Amazon does some advertising, but not as much as Sears or Macys. You want to know why traditional media is laying off staff? This is why.
Click to expand...

And newspapers. Pull a back copy of a newspaper from the 80's and the entire front section was filled with full-page ads from major department store chains. The decline of retail and the death of newspapers are inextricably linked.
 
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FreddyE1977 said:
And newspapers. Pull a back copy of a newspaper from the 80's and the entire front section was filled with full-page ads from major department store chains. The decline of retail and the death of newspapers are inextricably linked.
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Newspaprs have changed a lot, once upon a time, if you wanted to see a movie, uo could look at a newspaper as they used to have the listed show times for different theaters, and you picked the time you thought was best for you, as now you have to look online at chain movie theater's website for location and their showtimes. I bet it would be interesting to compare nay newspaper from anywhere in the 1980's, to the same newspaper today as long at it hasn't folded.
 
staggmovie said:
Sure it goes out with a lot of stores, as a lot of them are chains, and when you start closing locations of stores, what do they do with the employees that work at a location?
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Like any other closing business, the store employees are let go. It is rare for employees might transfer to another store, especially at a company like Macy's which is cutting staff where it can.

They can always look for another job, but as far as putting it down, you can explain that the location closed, but even about is how can a store or business can even go about trying to find the person that was listed as their boss at that part, to talk to them to find out, what kind of employee was, and how often to they check about this, or even call the people that are listed as references?
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An applicant who wishes to use a former employer as a reference must provide the contact info for that reference. If the employee has lost touch with that person, then they should not use that person as a reference.
 
PTBoardOp94 said:
Like any other closing business, the store employees are let go. It is rare for employees might transfer to another store, especially at a company like Macy's which is cutting staff where it can.



An applicant who wishes to use a former employer as a reference must provide the contact info for that reference. If the employee has lost touch with that person, then they should not use that person as a reference.
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And plus I am sure it makes it harder for that person to get a new job, as wold you even know where your froemr boss would be, and have his or her contact info
 
Checking references is a practice that is slowly dying out in HR, for all of the reasons you've discussed here.

- Population is becoming more mobile, changing jobs more frequently, making it tough to keep track of old supervisors.
- Companies actually have written policies to bar anyone from giving a reference out of fear of lawsuits.
- Fear that many types of racial, gender or other bias will be transmitted to a new organization from the old.
- 99% of all references checked are good ones anyway as few candidates are stupid enough to list anyone they think might give a bad one (or the reference is too afraid of being sued to say anything negative).

I was once in management for a company that insisted I do at least 2 reference checks on all new hires,
but barred me from giving a reference, good or bad, on ANY former employee.

What the ****?
 
During my career, when called for a reference, I was only permitted to say that the person was employed by the company from (date) to (date).
No other comments were permitted so as to avoid the potential for legal action.
 
There are actually sleazy law firms out there who will, for a fee, call all of your references as if they were a
potential employer, and if anyone says anything negative they'll sue on your behalf. Gotta be cautious.
 
Hi All.Wow .Over a year ago we've lost Sears in the mall.Now we are loosing Macy's...Boscovs is putting a big dent into these stores.

I wonder what happen to the Macy's Thanksgiving Parade when they close up altogether........
 
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