A Major Retailer Will Close Five Mall Anchor Stores And Cut 3.5% Of Jobs
Macy’s unveiled a strategic restructuring strategy as a major step in reviving its image and adjusting to the constantly shifting retail scene. The venerable department store chain plans to close five of its full-line locations and reduce staff by 3.5%. This occurs as incoming CEO Jeff Gennette’s successor, Tony Spring, a new leader with new ideas, gets ready to assume over.
A corporate spokeswoman acknowledged the employment reduction, citing the necessity to become a more nimble and efficient organization in order to meet changing market and customer needs. This action is in line with Macy’s resolve to maintain its leadership in the cutthroat retail sector.
It is noteworthy that activist investors hoping to profit from Macy’s real estate holdings had made a bid that the retailer had been considering. Tony Spring will soon take over as CEO, thus this reorganization may indicate that Macy’s will once again prioritize its core competencies and long-term growth plans.
The outgoing CEO, Jeff Gennette, had earlier stated that the major shop reductions that had been going on since 2016—which included the closure of over 170 locations—had come to a stop with the announcement of the closures a year ago. Analysts for the sector have speculated that there may be more closures to come.
Increased presence in smaller, off-mall sites is one of Macy’s proactive efforts. In order to accommodate changing consumer tastes, executives have stressed the significance of striking the correct balance between in-store and off-mall establishments. Five full-line stores will be closed in the upcoming year as part of a broader initiative to maximize Macy’s shop portfolio.
The first publication to report on these changes was The Wall Street Journal, which referenced an internal memo to staff members that disclosed intentions to remove some 2,350 corporate roles in the upcoming month. Initiatives like supply chain automation, outsourcing, and quicker decision-making procedures targeted at boosting competitiveness and efficiency are predicted to be the main drivers of these reductions.
Apart from shutting down its locations, Macy’s is also planning to sell and move two of its furniture stores. This calculated move demonstrates Macy’s dedication to maximizing its asset base and reallocating funds where they will have the biggest impact.
The Macy’s anchor stores in the impacted malls—which are situated in Virginia, Florida, Hawaii, and California—will close. Although there may be some short-term interruptions, this is in keeping with Macy’s goal of building a network of stores that is more dynamic and effective.
Macy’s is setting out on this revolutionary journey with a conservative mindset, intent on upholding its heritage while adjusting to the reality of the new retail environment. Tony Spring’s new team is well-positioned to lead the business into a more promising future and maintain Macy’s position as a mainstay of American retail.
It will be interesting to watch how these developments pan out and how Macy’s redefines its position in the cutthroat retail market as this retail behemoth keeps changing. Watch this space for further information about Macy’s makeover and its attempts to remain competitive in the retail industry.
Meet Nyakim Gatwec, A Model That Was Dubbed ‘Queen Of The Dark’
The woman was shocked when her Uber driver uninvitedly offered advise on how to take care of her beautiful skin.
The “Queen of the Dark,” as the fashion diva was affectionately called, laughed off his comments and embraced her breathtaking beauty.
Continue reading to find out what this Uber driver said her and how she utilized it as a teaching moment!
Nyakim Gatwech, who spent her early years in refugee camps in Ethiopia and Kenya, thought that living in America would “be like heaven.”
But when Gatwech moved to Buffalo at the age of 14, she stayed by herself a lot, crying over comments made about her very dark skin tone.
“You don’t wash your hair. Because of this, your skin is filthy.Or, “Nyakim, smile so we can see you. You are invisible to us. You have dirty skin as a result. Or grin for us to see you, Nyakim. We cannot see you.
In class, for example, the instructor might ask a question and say, “Oh, Nyakim, can you answer that?””How about a toddler asking, “Who are you talking to?”? We cannot see her. She’s not here. The now 31-year-old woman says, “I would just cry, and the whole class would start laughing,” as reported by Cosmopolitan.
The innocent young girl just wanted to fit in, but it was difficult when random people were speculating about whether or not she was indeed that dark-skinned and whether or not she was wearing leggings.
I did think about [bleaching my skin] at one time. I was 14 years old when I fled an African refugee camp and moved to Buffalo, New York. The beauty admits, “After being teased [about my skin], I would cry myself to sleep.””So many stunning Sudanese women with dark skin tones bleach their skin.”
The model continued by saying that her own sister was one of the Sudanese ladies who had bleached her skin.”It was my own sister.” However, after a few months of living in America, I told her that I wanted to, and she said no. I will not allow my kid, you, or anyone else to do it.
Dark Queen
The woman, who has encountered prejudice from makeup artists, designers, and other models, is now referred to as the Queen of the Dark and feels strong since she has triumphed over the criticism.
Additionally, Gatwech’s 962,000 dedicated Instagram fans encourage her self-assurance and amazing fondness for her deep chocolate skin tone.
“My chocolate is sophisticated. Thus, I stand for this. A country of fighters,” she writes in one of her posts.
And the incredibly beautiful woman’s admirers can’t get enough of her.
One fan writes, “Omgggggg I love your skin and melanin,” while another exclaims, “I love your beautiful skin tone so much!” God creates exquisite things like you to serve as a constant reminder of His majesty.
In response to the tremendous outpouring of love, Gatwech adds, “I learned to love myself.I’m not troubled by the negative anymore. I love and embrace my skin, and I no longer feel insecure about it. I no longer believe I’m ugly. I am confident in who I am.
“The silliest queries”
Speaking about her odd skin, Gatwech recounts about meeting an Uber driver a few years ago who asked if she would ever consider whitening it.
“Oh, you’re dark,” he remarked.Gatwech describes her chat with the driver to Cosmopolitan.”I merely chuckled. I was curious as to why he felt that I ought to. He said that because it would make my life simpler. If I were lighter, I could get into a relationship more easily and guys would be more drawn to me. I’m lighter, so if I went to a job interview, I would receive the opportunity. I just responded, “I’d rather take the [hard] road, even if] being lighter would make my life easier.”
The woman goes on, “I’m used to people asking the stupidest questions ever [about my skin].”
Gatwech then shared the story on Instagram along with a stunning picture of herself with three other stunning dark-skinned Sudanese women.
“A country with people so dark you won’t believe your eyes,” the author writes. Teeth so brilliant, skin so rich. Oh, how I cherish my nation, my people, and all that it entails.
“[SIC] I was asking my Uber driver the other day, and he said, don’t take this personally, but would you bleach your skin for ten thousand dollars?” she says, going on to describe her interaction with the driver. I couldn’t even respond because I was laughing so much.He then responded, “So that’s a no,” to which I replied, “Hell to the f*king yeah, that’s a no, why would I ever bleach this gorgeous melanin that God bless with me?””So you see it as a blessing,” he continued.
Her backers applauded Gatwech right away and raced to her defense.
“I suppose he missed the memo.”Black is gorgeous,” an admirer writes.
Another person says, “I cherish you for cherishing me.”A third wonders, “Why would we ever want to mess up something so beautiful?”
Asking Yahoo Beauty for guidance, she said, “You are beautiful, you are unique, and there are people who love you just the way you are” to young black girls suffering comparable struggles. It’s said that the juice of a cherry is sweeter the darker it is. Accept your gloom!
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