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I'm a very devout Republican, yet I can't blame Obama for this. Macy's made the mistake of rebranding all of their "legacy" regional nameplates (Kauffman's, Hecht's, Famous Barr, The Jones Store, Burdines, Lazarus, etc.) to the Macy's nameplate. That took away any regional pride those stores may have had. Macy's is also tied at the hip to many dying malls (thanks to massively long lease agreements). Macy's is a mess due to inept management.
I'm a very devout Republican, yet I can't blame Obama for this. Macy's made the mistake of rebranding all of their "legacy" regional nameplates (Kauffman's, Hecht's, Famous Barr, The Jones Store, Burdines, Lazarus, etc.) to the Macy's nameplate. That took away any regional pride those stores may have had. Macy's is also tied at the hip to many dying malls (thanks to massively long lease agreements). Macy's is a mess due to inept management.
Fear under the Obama Economy=Reduced Consumer Spending=Macys Closing Stores
Companies make business moves all the time. Ford made a decision, and so did Macy's.
Wouldn't previous years lead up to this? Oh well . I hope the best to those effected with the layoffs.
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