{"id":8,"date":"2024-02-27T06:29:00","date_gmt":"2024-02-27T06:29:00","guid":{"rendered":"https:\/\/www.profitless.com\/?p=8"},"modified":"2024-03-05T11:25:45","modified_gmt":"2024-03-05T16:25:45","slug":"its-a-bold-new-chapter-at-macys-read-theyre-laying-off-employees-and-closing-150-stores","status":"publish","type":"post","link":"https:\/\/www.profitless.com\/?p=8","title":{"rendered":"It&#8217;s a &#8220;Bold New Chapter&#8221; at Macy&#8217;s (read: they&#8217;re laying off employees and closing 150 stores)"},"content":{"rendered":"\n<p>Following last month&#8217;s announcement that it was showing 2,350 employees the door, the struggling company today announced that it will close 50 &#8220;underperforming&#8221; stores this year, and 100 in 2025.<\/p>\n\n\n\n<p>They are calling it &#8220;<a href=\"https:\/\/www.macysinc.com\/newsroom\/news\/news-details\/2024\/Macys-Inc.-Announces-A-Bold-New-Chapter--Challenging-the-Status-Quo-to-Fundamentally-Reposition-the-Company-Enhance-the-Customer-Experience-Deliver-Growth-and-Unlock-Shareholder-Value\/default.aspx?ref=profitless.com\">A Bold New Chapter<\/a>&#8221; in a press release that features all of the typical corporate speak:&nbsp;<em>unlocking shareholder value, challenges status quo, strong call to action.<\/em><\/p>\n\n\n\n<p>Last month, the company received and rejected an unsolicited $6 billion offer from&nbsp;<a href=\"https:\/\/arkhousefund.com\/?ref=profitless.com\">Arkhouse Management<\/a>. Maybe they shouldn&#8217;t have been so hasty at rejecting challenges to the status quo&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following last month&#8217;s announcement that it was showing 2,350 employees the door, the struggling company today announced that it will close 50 &#8220;underperforming&#8221; stores this year, and 100 in 2025. They are calling it &#8220;A Bold New Chapter&#8221; in a press release that features all of the typical corporate speak:&nbsp;unlocking shareholder value, challenges status quo, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[82],"tags":[88],"class_list":{"0":"post-8","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-layoffs","7":"tag-macys"},"acf":{"sources":null},"_links":{"self":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8"}],"version-history":[{"count":1,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/8\/revisions"}],"predecessor-version":[{"id":10,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/8\/revisions\/10"}],"wp:attachment":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}