Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Thu Jun 12, 2008 2:47 am Post subject: Steve and Barry's | |
|
Thee WSJ is reporting that Steve and Barry's has hired bankruptcy attorneys and is seeking debtor in possession financing to the tune of 40 million dollars. Estimates of what is on the horizon for Steve and Barry's include closing a minimum of 100 stores or even liquidating the entire company by the end of the current year.
The company recently defaulted on a loan from General Electric to the tune of $200 Million...... Anybody ever shopped here? Last edited by friendofmacy on Tue Jul 01, 2008 11:53 pm; edited 1 time in total |
|
Joined: 06 Jan 2008
Posts: 1143
Location: A Place Where No Thongs Are Not Allowed
| Posted: Thu Jun 12, 2008 10:19 am Post subject: | |
| Yes, and when we changed out our Mayco stock for Macy's stock, we paid over $70.00. | |
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Fri Jun 13, 2008 12:58 am Post subject: | |
|
Macy's 52 week high was around 46. This was a gain the stock made after the stock split. $35 reflects the stock split. So the price you paid to exchange should have been around the accurate price. You should have double the original amount of Macy's stock.
Still, had the stock not split. The current price would be around $35. In other words the company has lost half of its value. 1. The economy is in a tail spin, gas prices are so high that consumers can no longer afford to shop "as frequently" at stores such as Macy's. 2. The housing market has changed dramatically. Sears, Home Depot, Lowe's, and other major "home decor" retailers have recorded significant losses due to this market. Yet, the board of directors has not acted in any way on Lundgren as a result of this exceptionally low stock price...... Maybe the next stock split they will pay you in Macy Money. |
|
Joined: 12 Dec 2007
Posts: 324
| Posted: Fri Jun 13, 2008 1:55 am Post subject: Re: Macy's Stock Price | |||
|
|||
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Tue Jul 01, 2008 11:53 pm Post subject: | |
| I recycled an old post for this! Hope this works. | |
Joined: 06 Jan 2008
Posts: 1143
Location: A Place Where No Thongs Are Not Allowed
| Posted: Wed Jul 02, 2008 2:30 am Post subject: | |
| Okay, FOM, you are getting too bored. Come to Florida and get LadyinFL to get you into Disney for free. I know you have been wanting to try out that new cell phone leaning attraction. | |
Joined: 25 Jun 2008
Posts: 26
Location: n/a
| Posted: Wed Jul 02, 2008 2:31 am Post subject: Some info | |
Stores are running on less than 20 hrs per day fitting rooms are being left open since staff levels cannot accomodate...suspension of all intra-company UPS transfers....revenue is being generated thru malls paying us to be there not by the products we sell so the only way we can sustain ourselves are to 1. open more stores or 2. drastically change the business model. ANY employees or otherwise pls see my thread STEVE snd BARRYS are you drinking the KOOL-AID. This is a privately owned company so disclosure of financials are VERY different than public in terms of what they have to report to the public. Its all coming to light now and I have a pain in an area a hetrosexual male shouldn't. 
|
|
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Wed Jul 02, 2008 3:34 am Post subject: | |
| UMMMMMMM...... Steve and Barry's stores always smell funny..... Seeing the news report that I saw earlier I would say bankruptcy is imminent and its a matter of when not if they file bankruptcy. Shame to, they have decent clothes for 9.98..... | |
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Wed Jul 02, 2008 3:35 am Post subject: | |
|
MAYcylady! I'VE MISSED YOU! No one has been on for several days!
I was going to plan a vacation for my spring break now and go to the beach. Holiday Inn is $415 and Hilton is $89. Something is wrong with that picture. |
|
Joined: 30 Jan 2008
Posts: 173
Location: Somewhere under all the new teacher paperwork......
| Posted: Wed Jul 02, 2008 12:29 pm Post subject: | |||
WHAT?! I guess that you need to kick your feet up in the Hilton! |
|||
Joined: 20 Jan 2008
Posts: 296
| Posted: Wed Jul 02, 2008 1:43 pm Post subject: | |
| Steve and Barry's came into my old mall as an anchor a year ago after Penney's left. I went in there a couple of times. I liked the T-shirts they sold. But, you are right about the smell. | |
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Wed Jul 02, 2008 3:18 pm Post subject: | |
|
So I am not crazy, those stores do have an odd smell......
Yes I reserved at The Hilton. I know the water will probably be to cold in February but the beach should still be comfortable, or so I hope. The Holiday Inn must be having a convention or the front desk manager was drunk when he put the rates in. That was the most absurd thing I ever heard! |
|
Joined: 06 Jan 2008
Posts: 1143
Location: A Place Where No Thongs Are Not Allowed
| Posted: Wed Jul 02, 2008 9:11 pm Post subject: | |
| Wow, you are planning early! You might be married before February. | |
Joined: 03 Jan 2008
Posts: 813
Location: ole wrap stand
| Posted: Thu Jul 03, 2008 2:57 am Post subject: | |
Personally could you tell me who is this Steve and Barry thingy..must be only for the southern part of the country..  Infact its sounds like BEN AND JERRYS ICE CREAM.. 
|
|
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Thu Jul 03, 2008 3:22 am Post subject: | |
| Ummm.... I was planning a vacation, now it's a honeymoon? I am confused.......... MAYcylady do you have something to tell us? | |
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Thu Jul 03, 2008 3:25 am Post subject: | |
|
UMMMM, no its not a southern thing. I believe they started in upstate New York somewhere. They are a discount clothing chain that sells everything in their store for no more than $20. Usually around $9.98 or 2 for $14.98.
Usually it is geared to sports apparel or collegiate apparel. However the stores are usually located in former big box locations such as JC Penney stores or Kmart's. The one hear occupies half of a former Home Depot. Their big thing right now is Sex in The City and Sarah Jessica Parker's new line Bitten. |
|
Joined: 12 Dec 2007
Posts: 324
| Posted: Thu Jul 03, 2008 2:08 pm Post subject: | |||
The one in my location has been having a GOB sale for at least 10 years!! |
|||
Joined: 28 Jan 2008
Posts: 337
Location: Somewhere in Nantucket...until I sat on a bucket...
| Posted: Fri Jul 04, 2008 7:31 pm Post subject: | |
|
First of all, I want to say I like this store! I wouldn't want to work one though! Sorry. The clothes are discounted and casual so there goes my Christmas shopping list done for the year! Too bad the corporation sucks! It could really help with the current state of our economy!
|
|
Joined: 14 Jan 2008
Posts: 277
| Posted: Sun Jul 06, 2008 5:12 am Post subject: | |
|
we have one in my mall and the other macy's mall nearby. i've never been in one, tho i will visit one soon. i never knew they were there. i think they're pretty new!! probably like H&M but way more casual and cheap !!! i will observe the "smell" when i go in. you guys kill me !!
|
|
Joined: 28 Jan 2008
Posts: 337
Location: Somewhere in Nantucket...until I sat on a bucket...
| Posted: Sun Jul 06, 2008 7:16 pm Post subject: | |
| The smell is actually the asbestos in the air! | |
Joined: 25 Jun 2008
Posts: 26
Location: n/a
| Posted: Mon Jul 07, 2008 2:25 am Post subject: | |
IVE WORKED THERE FOR YEARS (WHAT SMELL???) 
Dont worry.SB haters threre will be plenty of people out of a job soon enough Im glad that will give so many of you pleasure. Big Boxers..we in retail are accustomed to having to take SH*T from others and like it...I registered to this forum because I thought I would meet people to give support and relate to what I am going through right now...Instead I get the same line of thought that I would get if I approached somone unfamiliar with retail...I guess there are established (clicks) with people in this forum so next time you get ignored or your thoughts are disregarded by the (clicks) in your line of work remember you can always log on here and feel safe and warm Thanks for nothing **exceptions apply to those I spoke with via PM and frieind_of_macys I appreciate VERY much the correspondance and answers to my questions I just wish there were more of you here. The way the economy is going you "haters" could find yourself in my boat very soon.
**excuse the mispelling I am somewhat upset |
|
Joined: 06 Jan 2008
Posts: 1143
Location: A Place Where No Thongs Are Not Allowed
| Posted: Mon Jul 07, 2008 2:50 am Post subject: | |
| Sorry, but did I miss something? What did we do to you? | |
Joined: 06 Jan 2008
Posts: 1143
Location: A Place Where No Thongs Are Not Allowed
| Posted: Mon Jul 07, 2008 2:52 am Post subject: | |||
I'm just saying that you are planning way ahead of time. What if, by then, you need a room for TWO??? Actually, it's good that you are a planner. I do everything at the last minute, and it drives my husband crazy. In fact, he took over the vacation planning this year. Yay, my years and years of procrastination have finally paid off! He doesn't even realize that he has played right into my evil plan! 
Last edited by MAYcylady on Mon Jul 07, 2008 9:05 pm; edited 1 time in total |
|||
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Mon Jul 07, 2008 3:37 am Post subject: | |
|
I went ahead and made those reservations now because they should be cheaper by booking 8 months in advance. I keep forgetting that I actually have a real salary now. I think they were having a computer glitch, I can't imagine how they honestly anticipated getting those rates.....
Even if I don't go and cancel, at least I got an amazing rate. |
|
Joined: 06 Jan 2008
Posts: 1360
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Mon Jul 07, 2008 4:02 am Post subject: | |||
We aren't hating you... Most of us have known each other at least for a year or more and we all have our own sense of humors. As retail workers and former workers we all feel for MOST everybody at Steve and Barry's, especially those who will be loosing their jobs when they are not at fault for anything but doing their jobs. Steve and Barry's is an excellent store and has fairly good products for their prices - I mean, a winter coat for $7.98, Cant beat it! As far as the smell is concerned the first one I went to was in Nashville TN at Hickory Hollow Mall and it had an odd smell to it. The one near me now has a light version of the smell, but much more tolerable. Maybe it's just me..... Please don't take it the wrong way, we all feel for you, and wish you the best of luck. It's my hope Steve and Barry's can weather this storm, because the prices are terrific on a teachers salary 
|
|||