Macy’s revealed today that they are closing 150 shops throughout the nation. It’s simply another plume in Joe Biden’s cap that this is taking place on his watch.
Bidenomics is not exercising well for merchants– or consumers.
From WECT News:
Macy’s to close 150 shops over 3 years as sales slip
Macy’s will close 150 ineffective name shops over the next 3 years consisting of 50 by year-end, the outlet store operator stated Tuesday after publishing a fourth-quarter loss and decreasing sales.
As part of the method, Macy’s goals to update its staying 350 shops, with strategies to include more salesmen to fitting locations and shoe departments, while including more visual screens like mannequins. At the exact same time, the business signified a pivot to high-end, which has actually fared much better total. It stated it would open 15 of its greater end Bloomingdale’s shops and 30 of its high-end Bluemercury cosmetics areas.
The Macy’s shops set to close represent 25% of total square video footage however less than 10% of its sales, the business stated.
In San Francisco, the flagship shop is closing and as normal, theft was a huge factor.
From the San Francisco Standard:
Macy’s Union Square employees state widespread shoplifting to blame for closure
” It takes place every day,” staff member Steve Dalisay stated.
Hanging up sports jackets in the Macy’s sixth-floor males’s department, Dalisay stated sports jackets, wallets and fighter briefs are the products most often taken from his department. He stated burglars take a minimum of 4 sports jackets every day, including that he usually sees about 10 wallets and 20 briefs taken daily …
In the fourth-floor ladies’s department, another worker who has actually been operating at the Union Square Macy’s for more than 10 years firmly insisted that theft and lower sales were the driving forces behind the closure.
” It’s the theft, which individuals aren’t being available in,” stated the employee, who did not wish to be determined since staff members aren’t permitted to speak with press reporters. “Basically, the exact same thing that took place to the Nordstrom is occurring to us.”
In this video, Mayor London Breed flat out rejects that theft was an issue.
San Francisco is going to be a ghost town if it continues down this roadway.
The post BIDEN’S AMERICA: Macy’s Closing 150 Stores Nationwide– San Francisco Store Says Rampant Shoplifting to Blame for Closing appeared initially on The Gateway Pundit
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