Just In: Macy’s has cut 7,000 jobs, and their stock dropped 13% within ten minutes of the announcement on Bloomberg.
posted by AmandaMichele
Feb 02, 2009 6:24PM
This is so depressing. Will you guys please post good news? or at least more pretty pictures? I think your readers could use it!
They didn't say the stock drop was casued by the job cut, just that within minutes of one, the other occurred.
Seriously Discounted Furla Bags!…»
Great deals on handbags!…»
Up to 70% off Fall 2009!…»
Up to 75% Off Bags, Shoes & Wallets!…»
Up to 70% off!…»
Fall Samples!…»
Up to 90% off retail!…»
Last March, a few designers embraced the one off ad. Ads are expensive, and if you've got the momentum of a Rodarte or a Phillip Lim, unnecessary (for now). Unless of course the economy tanks. One of the designers who gave the idea a shot, Zac Posen, shot this ad… Read More
I know a bit about clothes and maybe kind of a lot about shoes, but when it came to sunglasses, I was clueless. Until last week when I spent the morning at Silver Lining Opticians. It's a hole in the wall on Thompson Street run by Jordan Silver and Erik… Read More
Wow...there are def some passionate people on here! Anyway, I think the girls look cute. Nothing r...
guest #9. totally agree. even if the thing is pretty ugly, at least fashioninsta is listening/tryi...
#9. all of our advertorials are clearly marked "WEBVERTORIAL" & obviously don't have a comments sec...
first of all, that thing is pretty hideous. who wants to wear tights around their neck? i get the co...
boo to advertorials.......
i love it. i think i will try this but with more bunching and less ribbon. maybe i'll just make a ne...
I agree with guest 6. Maybe the sheer tights would bunch/ruffle more?...
i love it. i think i will try this but with more bunching and less ribbon. maybe i'll just make a ne...
are those digits covered in the sephora opi nail polish in taxi? :)...
Now you too can look like you're wearing Bedazzled tights around your neck......
posted by guest
Feb 02, 2009 5:51PM
You have a problem in causation here. Macy's announced the job cuts and the stock fell dramatically in the same day--but the job cuts are not the cause of the stock falling. The cuts are actually a symptom of how sick the company is. The more likely cause of the stock drop was below 2009 guidance and Moody's warning that they could downgrade Macy's debt to junk.
I'm nit-picking, sorry...