Thursday, September 22, 2011

Macy’s To Downsize Space

We have all heard of corporate America downsizing; but, now, Macy's takes it to a new level.  (No pun intended.)  Its Pittsburg store will reduce its selling to 6 of its 12 floors.  Now, that is really corporate downsizing when a retail establishment closes 6 floors.  But, of course, Macy's puts the best spin possible on it.  And, Macy's claims that no one will be let go from it floor reduction plan.  Does anyone really believe that?  Unless, Macy's is going to use all those extra bodies to pretend that it actually has customers.  As I stated the other day, the worse is still to come. 

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