I think Macy's will bounce back out of this at least to the point they were at when this whole mess started (which was not a good point) but the losses from being closed, dealing with the inventory that is sitting in stores for six weeks without selling, plus issues getting spring/summer stuff out and on display, are probably going to be a huge cost. We also do not know how the whole situation with China will disrupt their supply chain, given so many of their clothes are from China.
Macy's is pretty cheap over there on the stock exchange. Amazingly cheap. Maybe some Chinese group who controls a lot of textiles manufacturing will buy the chain.
Macy’s 2020
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Re: Macy’s 2020
Probably far longer than that. I imagine the spring/summer clothing season will be skipped over this year in stores, and when places do reopen it will likely be late enough that fall/winter items will be out. There will be a lot of past-season merchandise left unsold to unload next year at discount places.storewanderer wrote: ↑March 30th, 2020, 11:16 pm I think Macy's will bounce back out of this at least to the point they were at when this whole mess started (which was not a good point) but the losses from being closed, dealing with the inventory that is sitting in stores for six weeks without selling, plus issues getting spring/summer stuff out and on display, are probably going to be a huge cost. We also do not know how the whole situation with China will disrupt their supply chain, given so many of their clothes are from China.
Macy's is pretty cheap over there on the stock exchange. Amazingly cheap. Maybe some Chinese group who controls a lot of textiles manufacturing will buy the chain.
Re: Macy’s 2020
Macy's is reopening 68 stores today on Monday May 4. Simon Property group opened 49 shopping centers this past weekend in various states including Georgia and South Carolina.
The companies are in dire financial situations. They are desperate to survive, so they are going ahead. On March 1, it was just 2 reported deaths. In May, it is over 60,000. In just 2 months it just went through the roof.
Now we are reopening. Is this a little bit hasty? You cannot find surgical masks in stores, there is virtually no hand sanitizer available, it is difficult to get a coronavirus test anywhere, there is still no vaccine or cure, and many people refuse to wear masks.
If these places want to reopen they should require masks for all employees and institute a policy requiring masks. It should be a policy sort of like no shirts, no shoes, no mask, no service. Otherwise there is going to be a huge second wave of cases.
The companies are in dire financial situations. They are desperate to survive, so they are going ahead. On March 1, it was just 2 reported deaths. In May, it is over 60,000. In just 2 months it just went through the roof.
Now we are reopening. Is this a little bit hasty? You cannot find surgical masks in stores, there is virtually no hand sanitizer available, it is difficult to get a coronavirus test anywhere, there is still no vaccine or cure, and many people refuse to wear masks.
If these places want to reopen they should require masks for all employees and institute a policy requiring masks. It should be a policy sort of like no shirts, no shoes, no mask, no service. Otherwise there is going to be a huge second wave of cases.
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Re: Macy’s 2020
I am afraid we will all pay the price of cause and effect...........it is inescapable, save the few who are genetically predisposed to rise above the ignorance and indifference of others.Alpha8472 wrote: ↑May 4th, 2020, 2:48 am Macy's is reopening 68 stores today on Monday May 4. Simon Property group opened 49 shopping centers this past weekend in various states including Georgia and South Carolina.
The companies are in dire financial situations. They are desperate to survive, so they are going ahead. On March 1, it was just 2 reported deaths. In May, it is over 60,000. In just 2 months it just went through the roof.
Now we are reopening. Is this a little bit hasty? You cannot find surgical masks in stores, there is virtually no hand sanitizer available, it is difficult to get a coronavirus test anywhere, there is still no vaccine or cure, and many people refuse to wear masks.
If these places want to reopen they should require masks for all employees and institute a policy requiring masks. It should be a policy sort of like no shirts, no shoes, no mask, no service. Otherwise there is going to be a huge second wave of cases.
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Re: Macy’s 2020
During normal flu seasons, hand sanitizer has always been a bit difficult to find, and like the common yearly flu, there has never been a 100% effective vaccine (it's always last year's variant).Alpha8472 wrote: ↑May 4th, 2020, 2:48 am Now we are reopening. Is this a little bit hasty? You cannot find surgical masks in stores, there is virtually no hand sanitizer available, it is difficult to get a coronavirus test anywhere, there is still no vaccine or cure, and many people refuse to wear masks.
The mortality rate for COVID is much lower than predicted (1.4% rather than 3-8%), and much of the fatality rate has involved the elderly. Even if you think that the partial reopenings now are premature, there's no need to be overdramatic.
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Re: Macy’s 2020
The other thing is, while these businesses are being allowed to reopen, they aren't being forced to do so, and even in the first states to start some businesses have chosen to wait.
Additionally, no one is being forced to go to any stores that do open to shop so they can choose to take that risk or not, depending on how great of a risk they find it to be for them.
Now, if the businesses do choose to open, it may or may not be an option for the employees to go back, but one might hope that, since they are likely not to need their full staff immediately they might have a manager contact all the employees and see who is willing to work and who may not be comfortable doing so, and that way assign the needed shifts to those who are able and willing to work.
That would be beneficial for everyone - the employees who need the money can choose to work, those who can do without or feel unsafe can choose not to and those who want to shop can do so while those who don't want to be possibly exposed can choose to stay home.
Additionally, no one is being forced to go to any stores that do open to shop so they can choose to take that risk or not, depending on how great of a risk they find it to be for them.
Now, if the businesses do choose to open, it may or may not be an option for the employees to go back, but one might hope that, since they are likely not to need their full staff immediately they might have a manager contact all the employees and see who is willing to work and who may not be comfortable doing so, and that way assign the needed shifts to those who are able and willing to work.
That would be beneficial for everyone - the employees who need the money can choose to work, those who can do without or feel unsafe can choose not to and those who want to shop can do so while those who don't want to be possibly exposed can choose to stay home.
Re: Macy’s 2020
That statistic was debunked almost immediately after it was published.
From John Hopkins University last updated on May 3rd you san see some different scenarios:
The current U.S. case rate is 5.8%
https://coronavirus.jhu.edu/data/mortality
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Re: Macy’s 2020
That 5.8% will be an ever-changing figure.klkla wrote: ↑May 4th, 2020, 2:40 pmThat statistic was debunked almost immediately after it was published.
From John Hopkins University last updated on May 3rd you san see some different scenarios:
The current U.S. case rate is 5.8%
https://coronavirus.jhu.edu/data/mortality
For instance in my county there are currently 988 cases and 35 deaths. So about a 3.5% death rate. Now break it down further. 19 of those 35 deaths are linked to an outbreak at a single nursing home in Reno. 86 of those 988 cases came out of that nursing home. So less than 10% of cases in Reno originated in a single building in Reno and account for more than 50% of the deaths. I think similar situations play out across the country. So the percentages are what they are, but for the everyday person on the street who catches this virus, they do not have a 3.5% death rate. For the person stuck in a nursing home who catches the virus they have a 50% death rate. Yikes.
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Re: Macy’s 2020
Over dramatic?pseudo3d wrote: ↑May 4th, 2020, 9:19 amDuring normal flu seasons, hand sanitizer has always been a bit difficult to find, and like the common yearly flu, there has never been a 100% effective vaccine (it's always last year's variant).Alpha8472 wrote: ↑May 4th, 2020, 2:48 am Now we are reopening. Is this a little bit hasty? You cannot find surgical masks in stores, there is virtually no hand sanitizer available, it is difficult to get a coronavirus test anywhere, there is still no vaccine or cure, and many people refuse to wear masks.
The mortality rate for COVID is much lower than predicted (1.4% rather than 3-8%), and much of the fatality rate has involved the elderly. Even if you think that the partial reopenings now are premature, there's no need to be overdramatic.
You must be kidding, right?
If not, I'm speechless.
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Re: Macy’s 2020
Yes, all very logical and reasonable.BillyGr wrote: ↑May 4th, 2020, 12:05 pm The other thing is, while these businesses are being allowed to reopen, they aren't being forced to do so, and even in the first states to start some businesses have chosen to wait.
Additionally, no one is being forced to go to any stores that do open to shop so they can choose to take that risk or not, depending on how great of a risk they find it to be for them.
Now, if the businesses do choose to open, it may or may not be an option for the employees to go back, but one might hope that, since they are likely not to need their full staff immediately they might have a manager contact all the employees and see who is willing to work and who may not be comfortable doing so, and that way assign the needed shifts to those who are able and willing to work.
That would be beneficial for everyone - the employees who need the money can choose to work, those who can do without or feel unsafe can choose not to and those who want to shop can do so while those who don't want to be possibly exposed can choose to stay home.
But here's the thing.........what do we do when people "choose" (as is their right) to take the risk? Does that risk only affect them? If others are harmed by someone taking this risk who is accountable?
I don't portend to have any answers at all.