Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
You can change this under Settings & Account at any time.
Transcript of Macy's
Macy's role in America
All American Department Store
Corporate Financial Objectives
History of Macy's
Macy's Repositioning Case
MACY'S Corporate Philosophy
In your groups, arrange the events in the correct order.
WHAT DID YOU UNDERSTAND FROM THIS?
Discuss the Pros and Cons of each event:
Abandon Standardized Merchandising Strategy
Pursued Aggressive Strategy
Define what you think Macy's Philosophy is?
Let's See What You Know
Encourage customer loyalty and Decrease customer resistance to change
Continuing to implement their aggressive strategy
What does Macy's future
hold for it?
What do you think Macy's can do better in regard to:
Macy’s, Inc. is a premier national omnichannel retailer with iconic brands that each operate outstanding stores and dynamic online sites. Both Macy’s and Bloomingdale’s are known worldwide, and each has its own unique identity and customer focus.
To grow sales and earnings
To continue to increase the company’s profitability levels (earnings before interest, taxes, depreciation and amortization) as a percent of sales
To improve return on invested capital
To maximize total shareholder return.
All actions and strategies must be directed toward providing a localized merchandise offering and shopping experience to targeted consumers
Committed to open and honest communications with employees, shareholders, vendors, customers, financial analysts and the news media
Greatest strength lies in the skill, judgment and talent of our people. Every day a production of enormous magnitude takes place on our selling floors and behind the scenes
Consolidation with Federation of Department Stores
810 Macy's stores
Upper Middle Department Stores
what do you guys think?
Consolidation & Repositioning Experience
12 core departments
Store brand clothing
dynamic online sites
40.71% Gross margin
Standard merchandise problem
Ordering 10-12 months in advance
Stuck in the middle of the High end stores and the low end stores
High Debt to equity
125 day inventory turnover
1.38 current ratio
Debt to total assets 73.19%
Threat of Buyers
Power of Suppliers
Threat of Industry Competition:
Who are Macy’s Competitors?
Having private brands
Opportunity to sell private merchandise elsewhere
Other department stores in decline
Quality in accessible prices
Debt has been decreased
Consumer change resistance
Large pool of competition
large amounts of substitutes
Higher end stores have better fashionable products
Lower end stores offer cheaper affordable products
Direct suppliers access
Thrift stores & Second hand items
Arts and crafts stores
(Nude) Beaches or Parks
Maintenance services (auto or home)
Discount Stores = Cheaper Products
Specialty stores = Better Selection
Online stores = Accessibility
Strong buyer power, strong MACY’S brand
Options for haggling
Many small recurring purchases
Limited supplier power
Orders made 10 - 12 months in advance
Large dependence on cotton
Use the advantage of being a best cost provider to adjust prices to beat specialists and high end compitition while having a better selection of goods compared to low cost providers. This can be achieved by finding a balance between importing basic goods (clothes and long shelf life products) ahead of time, while also moving some macy brand production to north america to take advantage of faster response times for stocking and reducing transportation costs. Meanwhile look for meaningful opportunities to expand.