Macy's the latest to look abroad

Macy's the latest to look abroad

There are 38 comments on the Chicago Tribune story from May 9, 2008, titled Macy's the latest to look abroad. In it, Chicago Tribune reports that:

The treacherous U.S. retail climate is prompting many retailers to turn their sights overseas.

Join the discussion below, or Read more at Chicago Tribune.

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NorthbookMacys2C lose

Chicago, IL

#21 May 11, 2008
State Street Macy's sales are definitely down. No one shops there. People may go in to see the building and remember what an amazing store was once there... but no one is shopping. I've heard anywhere from 40-70% down. The store use to have sales of $250million a year. That means sales are now less than $125million.

Macy's has failed. Time for them to pack up and leave. Bye Bye Macy's!
gle

Springfield, IL

#22 May 12, 2008
I don't know what makes Macy's think other countries have bad taste just because Chicago doesn't.

Since: Nov 07

Morton Grove, IL

#23 May 12, 2008
art vandalay wrote:
What a bunch of silly aarrsseess you all are. Bet you all have votive candle memorials for your beloved Field's in your homes.
Nope. The Fields I grew up on is dead and gone and was so even before Macy's bought what remained out. I have friends in other states where Macy's bought out their local retailer chains and screwed it up as well. Their plan of expansion was to buy up existing and flip them in Macy's stores. Sorry, outside of their original territory the Macy's way just plain don't fly, and they're learning that now.
Thierry

Chicago, IL

#24 May 12, 2008
There's a BIG difference between stores like Apple, Whole Foods and Crate & Barrel opening in foreign markets and a store like Macy's doing so.

Apple, Whole Foods and Crate & Barrel are well liked, respected and thriving here in the US. Macy's on the other hand has suffered some of the worst public relations in our country's history for having eliminated more successful and prestigious brand name stores like Marshall Field's.

My International Marketing professor in grad school was the former head of Proctor & Gamble and he named a company's success in its home market as being a critical priority before moving abroad. Macy's, on the other hand, is looking at foreign markets to generate revenues to help its lagging US sales. Doesn't sound like a sound business move.

Then again, Macy's decision to eliminate and replace the iconic and popular Marshall Field's - known for industry leading quality and service - with Macy's low quality generic national brand wasn't thought to be a prudent move, either.

One thing that Macy's has done right is to distance the Bloomingdales brand from Macy's. For many customer who detest Macy's, Bloomingdales has still been a higher-end shopping option. It's also likely that Bloomingdales has generated growth that has been used to hide Macy's failings. Since Macy's refuses to break out income statements for the two brands, we don't really know for sure. I suspect that it is the Bloomingdales brand that Macy's intends to expand overseas, not the failing Macy's brand.

One thing we DO know is that Marshall Field's was profitable and growing, employed thousands of more workers, was known for quality and service and was an important part of Chicago's history and the third most popular tourist destination in the city before Macy's takeover, and that customer loyalty and support for Marshall Field's return remains strong.
Drew

Pittsburgh, PA

#25 May 12, 2008
What EXACTLY does macy*mart think they can do to attract international shoppers? Unique merchandise, fine quality, excellent value, superior service--none of these attributes are offered in their American stores. A chain of over-priced discount stores will flop overseas just as it has in America.

AT ONE TIME in the 1980s, the macy*s name was equated with a good quality, well-stocked department store and was well-respected. Today the store is equated with third-rate "celebrities" and imitation "designers" offering Kmart quality merchandise at Nordstrom prices--unimagitavely displayed in a bland, boring environment. There is simply NO compelling reason to shop there!
Jimmy Gimbels

Winnetka, IL

#26 May 12, 2008
HA HA! The "magic of Macy's" might go international? You've got to be kidding. What a joke! Which prankster sent out this "media release" on Macy's letterhead to the Trib. It only proves the Chicago Tribune will print anything to suck up to Macy's.
Gail

San Diego, CA

#27 May 13, 2008
Oh my? More Macy's? I can't imagine anything the world needs less. Bring back Marshall Field's.
LOL

San Francisco, CA

#28 May 13, 2008
Thierry wrote:
There's a BIG difference between stores like Apple, Whole Foods and Crate & Barrel opening in foreign markets and a store like Macy's doing so.
Apple, Whole Foods and Crate & Barrel are well liked, respected and thriving here in the US. Macy's on the other hand has suffered some of the worst public relations in our country's history for having eliminated more successful and prestigious brand name stores like Marshall Field's.
My International Marketing professor in grad school was the former head of Proctor & Gamble and he named a company's success in its home market as being a critical priority before moving abroad. Macy's, on the other hand, is looking at foreign markets to generate revenues to help its lagging US sales. Doesn't sound like a sound business move.
Then again, Macy's decision to eliminate and replace the iconic and popular Marshall Field's - known for industry leading quality and service - with Macy's low quality generic national brand wasn't thought to be a prudent move, either.
One thing that Macy's has done right is to distance the Bloomingdales brand from Macy's. For many customer who detest Macy's, Bloomingdales has still been a higher-end shopping option. It's also likely that Bloomingdales has generated growth that has been used to hide Macy's failings. Since Macy's refuses to break out income statements for the two brands, we don't really know for sure. I suspect that it is the Bloomingdales brand that Macy's intends to expand overseas, not the failing Macy's brand.
One thing we DO know is that Marshall Field's was profitable and growing, employed thousands of more workers, was known for quality and service and was an important part of Chicago's history and the third most popular tourist destination in the city before Macy's takeover, and that customer loyalty and support for Marshall Field's return remains strong.
I hate to say it, but if anyone thinks Bloomingdale's is high-end, you need professional help. Bloomingdale's has the exact same garbage Messy's does, which is sad.
Frank

Hawthorne, CA

#29 May 14, 2008
macy*s blows
a pox on macys

Crystal Lake, IL

#30 May 14, 2008
Oh Please wrote:
Frank?
Your thoughts?
Frank wrote:
macy*s blows
Thanks, Frank.

We needed that.
Funk and Wagnalls

AOL

#31 May 16, 2008
Frank wrote:
macy*s blows
Frank must write for television dialogue.
a pox on macys

Lombard, IL

#32 May 16, 2008
Funk and Wagnalls wrote:
<quoted text>
Frank must write for television dialogue.
He does have a way with words.

Very succinct.

Thanks, Frank.
CaliSun

Boca Raton, FL

#33 Jun 24, 2008
Thierry wrote:
There's a BIG difference between stores like Apple, Whole Foods and Crate & Barrel opening in foreign markets and a store like Macy's doing so.
Apple, Whole Foods and Crate & Barrel are well liked, respected and thriving here in the US. Macy's on the other hand has suffered some of the worst public relations in our country's history for having eliminated more successful and prestigious brand name stores like Marshall Field's.
My International Marketing professor in grad school was the former head of Proctor & Gamble and he named a company's success in its home market as being a critical priority before moving abroad. Macy's, on the other hand, is looking at foreign markets to generate revenues to help its lagging US sales. Doesn't sound like a sound business move.
Then again, Macy's decision to eliminate and replace the iconic and popular Marshall Field's - known for industry leading quality and service - with Macy's low quality generic national brand wasn't thought to be a prudent move, either.
One thing that Macy's has done right is to distance the Bloomingdales brand from Macy's. For many customer who detest Macy's, Bloomingdales has still been a higher-end shopping option. It's also likely that Bloomingdales has generated growth that has been used to hide Macy's failings. Since Macy's refuses to break out income statements for the two brands, we don't really know for sure. I suspect that it is the Bloomingdales brand that Macy's intends to expand overseas, not the failing Macy's brand.
One thing we DO know is that Marshall Field's was profitable and growing, employed thousands of more workers, was known for quality and service and was an important part of Chicago's history and the third most popular tourist destination in the city before Macy's takeover, and that customer loyalty and support for Marshall Field's return remains strong.
Macy's might do good in very limited internacional market ,amybe only in certain big cities of Latin America for example it might do good in Mexico City and Monterrey in Mexico,in Panama City,Panama and Bogota,Colombia,but outside of certain LAtin AMerican market,don't know??

Since: Dec 07

Chicago, IL

#34 Jun 24, 2008
Why LatAm and not Europe?
CaliSun

Boca Raton, FL

#35 Aug 12, 2008
This is so exciting! The Macy's and Bloomingdale's names are already known worldwide because thy are two of the best brand names in retailing. It's absolutely wonderful that those outside the USA will have the pleasure of the "Magic" and the "Like no other store in the world" experiences. WOW!

Andy you are absolutly right,I am 100% sure that Macy's will do great in Mexico,Central America,South America and Dubai.

For someone in Chicago to prefer Marshall Fields figures the person is from Chicago,it would be their kind of store..

Then again it is not only Macy's it is that peopel in Chicago are cheap and do not spend ..

The people that would have sponsored the Magnificent Mile are outsiders and they are not going to Chicago anymore.On top of that there is no money in the Rustbelt to spend.

The SUnbelt Macy's are doing just fine,but they are running out of market ,so they need to expand internacinally and on this note I am 100% sure that Macy's will do great in Mexico,Central America,South America and Dubai.
CaliSun

Boca Raton, FL

#36 Aug 12, 2008
Why LatAm and not Europe?

If you do marketing ,I think it would have to do with familiarity of the brand.

Due to proximity many Latin Americans shop in the USA and know the brand.

I do not know it might work in Europe,maybe in Dubai and I was thinking maybe in key cities of Asia:Singapore,Seoul,Tokyo,Hon g Kong,Taipei??

and maybe even in Sydney??
CaliSun

Boca Raton, FL

#37 Aug 12, 2008
I don't know what makes Macy's think other countries have bad taste just because Chicago doesn't.

Chicago has no taste at all..

Have you seen the way people dress?

It is a blue collar city.
CaliSun

Boca Raton, FL

#38 Aug 12, 2008
Nope. The Fields I grew up on is dead and gone and was so even before Macy's bought what remained out. I have friends in other states where Macy's bought out their local retailer chains and screwed it up as well. Their plan of expansion was to buy up existing and flip them in Macy's stores. Sorry, outside of their original territory the Macy's way just plain don't fly, and they're learning that now.

Right,for example in Florida it would have been okay to change Burdines to Macy's due that so many New York transplants know the name,in key cities of Texas like Dallas,Houston and Austin and in California ,but outside of that you are right,they should ahve kept the others

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