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.
Netflix has canceled the show KAOS after just one season, so there won’t be a Season 2.
This summer, Netflix UK released a big show, KAOS, which is a modern take on Greek mythology, with Jeff Goldblum leading the cast. Fans were wondering if there would be a second season, but sadly, the show has been canceled after just one season. This news came from an Instagram post by one of the stars, which was later deleted.
Netflix has been clever recently with naming first seasons, not including season numbers, but KAOS was definitely meant to have more than one season. If you’ve watched episode 8, you probably noticed how it was setting up for future seasons. However, the show has ended.
Officially, KAOS has been canceled.
As of October 7th, it’s confirmed that Netflix won’t continue the show. The news came from one of the stars, Aurora Perrineau, who shared it on Instagram, but the post has since been deleted.
“Well, this one really hurts.
It’s hard to explain how I’m feeling, but I’ll give it a try.
When I started auditioning for this show, I knew it was special. Charlie Covell’s scripts connected with me in a way most things didn’t. I felt like I knew all of these characters, and I loved every part of them—their flaws and everything.
For one of the first times in my life, I’m really proud. I’m proud of everyone’s hard work and dedication to the project. They gave it their all. But I’m also proud of myself, which is something I’ve struggled with.
When I got cast, I was shocked that someone actually saw me. As a minority and a survivor of sexual assault, I couldn’t believe someone thought I could be one of the lead characters. I had my own storyline, my own goals, and was seen as desirable, even having two love interests. I was worthy of that? This whole experience really changed how I see myself.”
The show’s cancellation wasn’t officially announced, but when a fan asked the actress if the show had ended, she replied, “Sadly, yes.” (Thanks to kitsch-zip for the info.)
The creator of KAOS, Charlie Covell, mentioned that she would love to do more seasons in the future. In an interview with Cosmopolitan, she said, “Anything is possible,” and shared that her original plan was to have three seasons. She has many ideas for where the show could go.
Covell also said that even if the show doesn’t get renewed, season one can still be enjoyed on its own. She explained that she didn’t want the season to end with a big cliffhanger and hopes viewers find it satisfying. However, she would love to work with the same actors and team again, calling the experience a dream come true.
why was KAOS canceled?
When it comes to renewing a show, viewership is the most important factor. No amount of marketing can make people start watching or keep them watching until the end. That’s how we’ve been able to predict some major cancelations before, and based on early numbers, things aren’t looking great for KAOS.
Looking at Netflix’s global weekly top 10, KAOS was in the top 10 for the first four weeks it was eligible, with 98.9 million hours watched, which equals about 14.9 million views.
In week four, Netflix changed KAOS from being called KAOS: Season 1 to KAOS: N/A, which suggests it’s now considered a limited series.
Comparing its performance in week three with other Netflix shows that debuted in 2024, KAOS is falling behind some of the biggest-budget shows in the charts by week three.
Let’s compare how KAOS performed week-to-week with some shows that have been renewed, like Supacell, The Gentlemen, and My Life with the Walter Boys, and others that got canceled, like Dead Boy Detectives and Obliterated. So far, KAOS is falling behind compared to these shows.
In the final episode of season 1 of KAOS, things are shifting against Zeus, who seems to be losing his power. His vision of himself bleeding comes true, and a water feature symbolizing his strength collapses.
Here’s a quick recap of where the key characters are: Prometheus is no longer under Zeus’s control and now sits on the throne in Olympus. Riddy, who spent much of the season in the Underworld, has returned to Earth and met Cassandra, who tells her she’s now a prophet and needs to go to Ari to “set the living free.”
Meanwhile, in the Underworld, Caeneus is given the power to renew souls, surprising Hades. He’s also tasked with setting the dead free.
Ari, having fulfilled her father’s prophecy, is now in charge of Krete. She tells her mother she won’t rule for the Gods. Instead, she strikes a deal with the Trojans to rebuild Troy and destroy Olympus. The season wraps up with Dionysus outside the palace, and Hera making a call to gather troops and prepare for battle.
What happens next is only known by Atropos, Lachesis, and Clotho. But it looks like there will be more efforts against Zeus, as Olympus is becoming more unstable. Since Zeus is weakened, Hades will likely lose control of the Underworld, which he warned about earlier in the season. If that happens, everything could fall apart.
Leave a Reply