Can Macy’s Survive this Crisis Without Filing for Bankruptcy? by Wolf Richter • Apr 28, 2020 • 121 Comments Its unsecured bonds crashed 53% since Feb 14. It has been living off its real estate portfolio of “owned boxes” for years by selling them.
Post-Lockdown New Normal: Many Brick & Mortar Stores Will Not Reopen, CMBS will Default, Mess to Ensue by Wolf Richter • Mar 30, 2020 • 245 Comments Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
Ecommerce Spikes by Most Ever. Brick & Mortar Melts Down. Department Stores are Toast by Wolf Richter • Feb 20, 2020 • 183 Comments What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.
Another Major Employer Leaves San Francisco, 1,000 Jobs Vanish: Macy’s Shuts Tech Center in Broad “Optimization” by Wolf Richter • Feb 4, 2020 • 140 Comments In total, 2,000 tech, admin, and management jobs to be cut and offices closed around the country. In addition, one-fifth of Macy’s stores to close. Brick & Mortar Meltdown.
Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever by Wolf Richter • Nov 22, 2019 • 235 Comments Department stores get crushed one by one.
Brick-and-Mortar Meltdown Gets Costly for Big Retailers, and Results May Vary by Wolf Richter • Jun 19, 2019 • 46 Comments Ecommerce and globalization of retail crush distribution channels, wholesalers, local retailers, large retailers, prices, and margins.
What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It by Wolf Richter • Feb 2, 2019 • 62 Comments “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
My Note on Macy’s Undisclosed Brick-and-Mortar Swoon by Wolf Richter • Nov 14, 2018 • 54 Comments The dirty secret Macy’s is hiding.
How Amazon Rules by Wolf Richter • Jul 14, 2018 • 93 Comments It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors.
Brick & Mortar Meltdown Pummels These Stores the Most by Wolf Richter • May 17, 2018 • 90 Comments Only about half of retail is under attack from e-commerce, but that half is getting crushed.
