Once again, the lie about a recovered economy is proved wrong as Macy’s is forced to close 100 more stores. Profits are plummeting and sales are such that over the next year the department store chain will reduce it’s number of brick and mortar stores in order to meet the demands of online shoppers.
Macy’s also had to “shutter many locations due to a host of economic conditions… and one serious mistake. The retail legend cited low levels of spending, geo-economic blather and even blamed global warming. There was no mention of the impact their 10 million dollar CEO Jerry Lundgren had on sucking up valuable dollars but the normal excuse of “I am paid by a board” was surely thrown around the few times he had to excuse himself this year.
The closures are part of a strategic plan to hopefully reach a place of “sustained growth in the future”. Other strategies include the improvement of online shopping and ordering, bringing more “brand shops” into the stores and “hosting in-store events” to create more traffic.
Macy’s is just another victim of Obama’s economics. Earlier, another high-end retailer was also forced to close.
Ralph Lauren is the next to fall in line, that is the unemployment and closure line, with more than 1,000 jobs being cut and 50 stores shutting their doors. Much like Macys, Walmart, Sears and a list of “major U.S. retailers that (sic) have announced the closing of more than 6,000 stores from coast to coast”, Ralph Lauren can no longer operate in the same manner and hope to ever be profitable in this Obamanemic economy.
As the dismal, jobless Obama economy continues, clothing retailer Ralph Lauren has announced a major scaling back of its U.S. operations, with the loss of one thousand jobs and the closure of 50 stores.
The massive closures can be read about on the following page.
Karma
He never said we make to much. Where do you get your information? Hildabeast.
She wants to raise taxes on the hard working man. Taking more out of your check.
This is the Obama/Hillary agenda. Donald Trump will brings jobs back to America, but he needs your vote. Vote TRUMP/PENCE.
Karma? Vote Trump/Pence
How many lives has hiliary cost compromising this nations security & lied about doing it. If she cares about what happens to this country she sure has an odd way of showing it. It is a proven fact that she is a liar!
STUPID PEOPLE VOTE FOR KILLERY
There will be lots more of this in the near future if HILLERY cheats her way into the white house
How many millions have been spent to make you think the way you do ???? Ever wonder why they try so hard to trash the Clinton’s instead of cooking up with new solutions or plans the at have not failed in the 28 states they control 100%
HAHA.