The Big M Beat Expectations
Alright you Pow Pow loving peeps word on the street – or you know from the official press releases – is that Macy's actually did alright. Like surprisingly not exploding into glitter and chaos alright. They beat Wall Street's sales and profit expectations. Someone actually managed to aim properly for once. This is a first step to a better future. But hey even I have good days right? Sometimes.
Crystal Ball Gazing: A Cloudy Outlook
But hold your horses buttercups. Before you start painting the town in Macy's themed graffiti they're playing it safe with their future predictions. CEO Tony Spring is talking about "macroeconomic and geopolitical factors". Translation People far away are fighting and that means less shiny stuff for you. And then it gets worse! It appears that we might need to brace ourselves because what comes next is all but clear. Speaking of things that are less than clear you could check out Tesla's Existential Pivot Robots Take the Wheel to see if they are clearer in telling the future!
Closing Time Ain't Always Bad
So Macy's is planning to shut down some stores – about 150 of the old dinosaurs. Less stuff to blow up I mean less stuff to... uh... *reorganize*. But they are pumping resources into the ones that aren't doomed sprucing them up with better stuff and people who might actually know what they're doing. Sounds like a plan to me. A good one too. So let's hope for the best.
Bloomingdale's Blossoms and The Power of Perfume
While the regular Macy's is doing its best to not be a total wreck Bloomingdale's is strutting its stuff like it owns the place. Best holiday season ever? Seriously? Apparently people are splurging on perfumes and shiny sunglasses. Who knew? Maybe I should ditch the rockets and get into the fragrance business. "Eau de Mayhem" anyone? It would be a hit trust me.
Middle Class Resiliency Really?
Apparently the folks with a bit of jingle in their pockets are still spending. And not on boring stuff like *groceries*. Nope they want new clothes and trendy whatnots. The big man Spring says that the stores are doing a good job keeping the shelves full of items across a range of prices which helps which is a good thing.
Refreshed Stores equals Refreshing Results
Turns out making the stores less of a chaotic mess and hiring people who can actually help customers makes a difference. Who would have guessed? Sales are up in the "reimagined" stores. Maybe there is some hope for a future. I will believe it when I see it though. And remember stay crazy folks and make it look pretty.
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