Max Murphy’s Post

Expanding the Macy's retail experience, introducing Bloomie's. 🛍️ Macy's is set to revolutionize retail in underserved areas across the U.S. with its innovative concept, Bloomie's. This initiative seeks to bridge the retail gap by introducing 42 new Bloomie's locations by 2025. These stores, ranging from 30,000 to 50,000 square feet, will be approximately a fifth the size of a traditional Macy's department store. This strategic move not only enhances accessibility for consumers in these regions but also aligns with Macy's commitment to adapt and evolve in the changing retail landscape. ⭐️ For retail to thrive and be utilized, retailers must adapt. What other retail trends do you predict? Need CRE support from experts in East Tennessee? ➡️ Embrace the opportunity to collaborate with our skilled professionals by reaching out via LinkedIn or sending an email to [email protected]. --- Forbes NAI Global NAI Koella | RM Moore | #CRE #commercialrealestate #tennessee #easterntennessee #CREbrokerage #investment #knoxville #easttennessee #propertymanagement #realestate #advisors #TN #experts #NAIKoellaRMMoore

The future of Macy's? Just ask Charles E. Fancher, Jr! Chuck Fancher explains the challenge of a potential sale of real estate assets to maintaining retail operation viability. #commercialrealestate #retailnews #retailrealestate #saleleaseback #futureofretail #departmentstore #macys https://lnkd.in/gfBBMDuK

Macy's makes their money with dirt! One of the most noticeable brands in the U.S. is for sale… Macy’s, which is known for their retail outlets is looking at offers. That is not the interesting part. 💎👕 📒I think that most people would imagine that their name or the products they sell are their most valuable asset.👖 🎩 According to this article (in the link below), that is not the case. 🏨 IT IS REAL ESTATE!!!🏨 📈📈📈“Macy's has a prized real estate portfolio, headlined by its iconic Herald Square location in New York City. Valuations from various money managers on the trophy real estate asset have ranged between $3 billion to $4 billion in the past decade.” I was amazed when I learned that McDonald’s holds most of its valuation in land ownership. Macy’s is no different. This continues to show me the power of real estate, the power of business, and the power of what is below the surface. As we see the power shifts that continue to happen in the corporate world, we should also take the opportunity to learn from “the big boys.” What are you doing to acquire real estate or other appreciating assets? It seems like Macy’s, McDonald’s and so many other iconic brands understand that real estate is what gives them value… The land beneath them...Let's take notes and put this into action!

Macy's Magic: Retail Reimagined or Real Estate Bonanza? ️ The news just dropped: a $5.8 billion bid for Macy's! As a retail enthusiast with a soft spot for iconic brands, I'm equal parts intrigued and curious. Could this be a chance to revive a retail giant, or is it simply a land grab disguised as a department store deal? On the one hand, Macy's holds a special place in many hearts. It's the backdrop for countless childhood memories, the go-to for holiday shopping sprees, and a symbol of a bygone era of retail grandeur. But let's be real, the past few years haven't been kind. The rise of online shopping and changing consumer habits have left Macy's struggling to adapt. So, enter the investors with their eyes on the prize: prime real estate! Macy's boasts some of the most valuable properties in major cities across the US. ️ From flagship stores on iconic streets to sprawling suburban outposts, it's a real estate developer's dream. But here's the rub: is this a win for retail or a death knell for the department store experience as we know it? If the focus shifts solely to monetizing the land, what happens to the thousands of employees, the loyal customers, and the legacy of Macy's? I believe there's a middle ground here. Macy's can leverage its real estate assets to fuel innovation, not just line investor pockets. Imagine a vibrant mix of retail, entertainment, and community hubs, where shopping becomes an experience, not just a chore. Think pop-up markets, rooftop gardens, coworking spaces – the possibilities are endless! Of course, it all hinges on the vision of the new owners. Will they see Macy's as a relic to be dismantled or a diamond in the rough waiting to be polished? I'm eager to hear your thoughts, fellow professionals! What do you see for the future of Macy's? Is this a real estate land grab or a chance to reimagine retail? Let's spark a conversation! #retail #realestate #macys #futureofretail #investing #community #urbandevelopment #innovation #retailtherapy #retailtransformation #discussion

My comment on Brandon Rael's post re: the buyout bid for Macy's. Is Macy's going to have the same fate as Sears, gutted as a brand for its real estate? If these guys buy it, I think so. They are not merchants nor do they have a clue what merchants see and do. Bookmark this post and see what happens to Macy's. (I would love to be wrong) My comment below. Spot on! The comparison with Eddie Lampert is right. These folks are salivating over the real estate value, so their business logic includes closing stores, especially 34th street, and making huge profits from rentals etc. It is NOT focused on improving Macy's as a retailer. Macy's, like Sears, has high-value brand equity, and could be saved. What is not included in the post is attracting real retail talent, not young graduates who have no merchant taste, smell and feel. I look back to how both my store (A&S) and Macy's competed in the past, it was a great rivalry because we were all good merchants. Merchant, not accountant or finance et.

🛍 Macy's is set to close 150 underperforming stores. 🌟 What does this mean for the crown jewel of its real estate porfolio, Herald Square? ☎ I had the chance to chat with Tony Spring on the state of the company, future growth plans and how its real estate, including this iconic location, fits into the store's portfolio, and much more. ➡ In my latest for Yahoo Finance:

Macy's has unveiled a "Bold New Chapter" with strategic plans aimed at focusing resources and accelerating growth in key areas. To achieve this, #Macys intends to close about 150 underperforming locations, including approximately 50 by the end of the fiscal year. The company will prioritize investment in approximately 350 go-forward locations and the ongoing expansion of small-format stores. Moreover, Macy's aims to seize opportunities for growth in the luxury segment, particularly through its brands Bloomingdale's and Bluemercury. Leveraging its strong position in the luxury market, Macy’s, Inc. plans to expand its store fleet and digital presence. As part of this strategy, around 15 Bloomingdale’s stores and at least 30 new Bluemercury stores will be opened, along with approximately 30 Bluemercury remodels, across new and existing markets over the next three years. #RetailNews #RetailTrends #Bluemercury #Bloomingdales #StoreOpening #Retail #OpeningsandClosings #Rebrand #PressRelease #NewChapter

I was saving my yearly LinkedIn post for my 3 year anniversary in a few weeks, but today’s launch of Brooklyn Storehouse is a far more exciting milestone (first iconic, stateside partnership- watch this space!). Joining Vibration Production in 2021 at the tail end of the pandemic seemed like a crazy risk to anyone looking in at the time (and many told me as much!). Having forged my career in the comfort of big international corporates, moving into event production, heading up a finance function and being tasked with a complete overhaul/creation/imbedding of all processes and a commercially driven team was a big move away from my comfort zone but little did I know, it was going to be much more than that original job description. Best. Move. Of. My. Life. What Broadwick has given/taught me: -Collaboration; not cold hearted competition. -Good Ideas are given a fighting chance. -No one worth knowing is going to take credit for your hard work. -No one is claiming to know it all or have all the answers. -Partners that share our vision fuel us, those that don’t get it, fuel us too! -You need the tiny details to form the bigger picture (always been my mantra but now reinforced daily!). -If you can’t be unapologetically yourself, you’re not in the right place. -Working with people that push and inspire you, will be your greatest education. -And so, so, so much more. Thank you for believing in me, trusting in me and holding me to the highest standard. If giving it your all, being highly adaptable and being fully invested isn’t for you, then Broadwick won’t be. It’s more unbridled passion, inspiring ways of thinking and delivering these to the highest standard across MUSIC•CULTURE•SPACE.

Macy's just announced that they will be closing 150 underperforming stores and have plans to monetize between $600 to $750 million of assets through 2026. I am actually shocked that Macy's is still around. I remember hearing about the retail apocalypse in 2017-2018 and 6 years later, Macy's is still standing. It is amazing to think that one generation ago, a department store like Macy's was an anchor tenant that entire shopping malls could be built around and now the stores are ghost towns. How many of the old department stores that used to anchor malls across America will be left in another 25 years? I doubt there will be any. If I had to guess, the next generation probably won't even know what a department store is. The good news is, people will keep needing apartments, so maybe now is a great time to invest with Matheson Capital at the link in the comments. #commercialrealestateinvesting #realestateinvesting #passiveincome #passiveinvesting

It took pressure from an activist investor for Macy's to finally nominate real estate professional Doug Sesler to sit on Macy's board after years of no real estate representation on the board. Real estate is often a retailer's most valuable asset after its inventory. If the retailer leases space rather than own it, the real estate function dictates expenses the retailer is committing to for many years on the lease. Real estate was once a key position in a retail chain's executive structure, then over the years, the top real estate professional was brought down a few notches to report to the CFO or COO. That's very short sided. Real estate is so important to retail that every retail chain should have a real estate person on its board.