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BallaJi
Sep 27, 2023 3:35 PM

Macys an american institution is in a fight for it's life.... Short

Macy's IncNYSE

Description

if it takes out that neckline.

"Macy's founded in 1858.

It is the largest department store company by retail sales in the United States as of 2015.

Macy's operates with over 700 stores in the United States.[5][6] Its flagship store is located at Herald Square in the New York City borough of Manhattan.

The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017.[7]". - wikpedia


#M
Comments
kkandru
Are you ultra bearish on economy ?
BallaJi
@kkandru, Your comments are the best. Keep them coming!
AtreyuTrades
Can we get an update on your analysis
BallaJi
@AtreyuTrades, This is a long term chart of 30 years... Viewpoint is , that the past two recessions nearly wiped out Macy's. Will the 3rd be a knock out blow? There are lot's of companies that used to be publicly traded... that are no longer with us anymore.
AtreyuTrades
@BallaJi I'm bearish as hell on macys.
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