Macy's closing 100 stores because of :flabbynsick: sales

[CodeBlaMeVi]

After A Ho-Hum Third Quarter, Macy's, Kohl's, Nordstrom And JCPenney Look Ahead

American Apparel Returns to Bankruptcy With Deal to Sell Brand

Stack now brehs. 2017 will be crazy.

Amazon crushing the buildings.

 

[Tom Foolery]

Amazon crushing the buildings.

The United States of Amazon.

 

[ALonelyDad]

My sister works there, need to get all the discount before she gets fired. Too bad those cheap bytches dont give discount on Nike and Adidas but I got every type of cologne

 

[Malcolmxxx_23]

Alibaba >>>

 

[Ol’Otis]

Amazon crushing the buildings.

Online stores only account for 6% of retail sales

I hope I'm saying that right
There's something else going on

 

[Londilon]

Their clothes are too expensive and old-people-ish.

 

[CodeBlaMeVi]

Online stores only account for 6% of retail sales

I hope I'm saying that right
There's something else going on

People still go to look for what they want in person and order it from Amazon on their phones.

 

[EducatedBrothaFromTheBank]

Online stores only account for 6% of retail sales

I hope I'm saying that right
There's something else going on

People don't shop for clothes anymore in 2016

 

[Tom Foolery]

Online stores only account for 6% of retail sales

I hope I'm saying that right
There's something else going on

Yes there is something else going on. People do not have the extra cash to spend so they look for discount sellers. This is going to cause a chain reaction of many things.

Once the holiday season ends and sales are below forecast, we may see some big changes and restructuring. All I can say is save now.

 

[Yesterday]

Online stores only account for 6% of retail sales

I hope I'm saying that right
There's something else going on

It's just that the mall culture is dying down now that people are moving back into urban areas. Now smaller boutiques like H&M and Akira are popping up with cheap good-looking clothes which is rendering mid-level brands sold in Macy's useless.

People are hitting up Marshalls for their budget clothes, Express to look fly or Michigan Ave to get luxury clothes directly from the boutiques.

 

[Malt-O-Meal]

Online stores only account for 6% of retail sales

I hope I'm saying that right
There's something else going on

Yep. Everyone keep overlooking that people just don't have that much expendable cash these days. I'm pretty sure sales in general are down. With the way the economy has been since the recession and people being underemployed, unemployed, and underpaid they are less willing to spend money on things that aren't a necessity.

 

[KinksandCoils]

The mall is for teenagers most people I know are trying to get their shyt from cheaper place (besides shoes, and purses).
Places like Ross, h&m and tj max are better for the pockets

 

[spencerforhire]

All the retail stores are moving towards store credit cards, not just Macy's. The credit card is pure profit for the retailer (just for signing up, not even including late fees and interest), and the concept of "layaway" is dead in 2016.

It's one of the reasons I rarely shop these days, though I do have Amazon and Best Buy cards.

No wander the store clerk was coppin an attitude when I turned down there Nordstrom Credit Card offer.
''Are you sure? You save 20%"... I said NO bytch.

 

[TRFG]

No wander the store clerk was coppin an attitude when I turned down there Nordstrom Credit Card offer.
''Are you sure? You save 20%"... I said NO bytch.

I think they get commission from that

 

[Ol’Otis]

old-people-ish.