Good store visit piece from BI:
"Herald Square is a hotbed of sweat, germs, filth, and tourists. It's like an ominous preview of what's to come."Trump will have Macy's liquidated. Maybe we should short.
A correspondent writes,
Short Macy's, long tjmaxx. I wonder how the Nike / free people sections do compared to the others? Conclusion: "If your business depends on a healthy Middle Class then you are doomed"Another correspondent writes,
Getting clogged with shop-worn, out-of-season merchandise that is so worn that it is unsaleable seems incompetent.Some tweets about it:
I used to mark down seasonal merchandise to make room for the next season's goods.
I could always figure out when to mark things down and how much to mark them down.