esrosedotblog

ENGULF AND DEVOUR

Now that they have ruined and closed some of the finest names in retailing (Filenes in Boston for one), the management wizards at Federated Department Stores are cashing out.

Macy's may be poised to sell itself

Federated were clients of mine many years ago. They were bastards then and they are bastards now.

They and their stores were members of Allied Department Stores which was a service provider to chains throughout the country. I worked for Allied.

Just here, in Palm Springs, we have one closed department store. In Palm Desert they ended up with two Macys so they closed one of them. There has been a lot of local fallout.

But these guys don't care.

They are assholes.

I usually reserve the title of 'criminal morons' for the bushies. I think I will add these robber barons.

Labels: criminal morons