Us: Messi Department Stores Advertise For Temporary Jobs

With the New York strike approaching on Wednesday June 15th, the United States is the largest.

Macy 's Inc. NYSE:M (Messi) department stores in New York tightened up ads in the New York Times and other media to recruit casual workers.

Macy 's Inc. Messi department store is currently negotiating with the 5000 labor union Local 1-S of the Retail, representing the 4 Manhattan stores including the Herald Square pioneer Plaza flagship store in New York, and the labor union is negotiating with the labor union.

The biggest difference between the two sides is the cost of the medical insurance plan in the new contract. Macy 's Inc., Messi's department store requires employees to advance up to $3000 a year to participate in the plan to get their medical reimbursement, but 75% of the employees are refusing to participate because of the high cost.

The Local 1-S of the RWDSU labor union wants to eliminate the medical insurance plan and expand the scope of prescription drugs, besides, it also hopes to get more protection in terms of salary and holiday rest rights. Macy's s Inc. Messi office has made concessions in holiday compulsory work.

These employee contracts have expired in May 1st, and their extension contracts will expire on June 15th.

Local 1-S of the RWDSU union president Ken Bordieri condemns Macy "s Inc."

The casual ad is designed to threaten fixed employees. He said the group should focus on avoiding strikes rather than trying to disrupt strikes.

Walter Loeb, a retail analyst, expressed surprise at the ad campaign for emergency recruitment of temporary workers in Macy's s Inc., Messi's department store, but he believed the group could reach a settlement with the Union before the strike in such a difficult retail environment.

If the strike really happened, he thought management might be responsible for selling floors and cashiers personally, but the group would not be able to recover the actual losses caused by the strike.

This will aggravate the crisis faced by Macy 's Inc. Messi department store, which has fallen back sharply with the change of consumers' buying patterns and tastes, as well as the decline in the number and consumption of international tourists.

Because of the sharp decline in the consumption of tourists, Macy Messi s Inc., a sharp decline in the annual profit forecast, dropped sharply from US $3.80-3.90 to US $3.78, which was far lower than the US $2% expected by the market, and the income forecast was also reduced by US $2% to US $26 billion 540 million, which basically met the market expectation of US $26 billion 510 million.

In the first quarter of April 30th, group net profit dropped by 40.4% to 116 million dollars, or 0.37 yuan per share, adjusted EPS to $0.40, surpassing Capital IQ Consensus's expected $0.38.

Revenue fell 7.4%, from 6 billion 232 million US dollars in the same period last year to 5 billion 771 million US dollars, far less than the expected $5 billion 940 million of Capital IQ Consensus.

Sales decline was mainly affected by the closure of 41 stores. During the period, the total sales of the group including self operated and authorized stores fell by 5.6%, while the sales of self operated businesses in the same store decreased by 6.1%.

Macy 's Inc. Messi, chief executive of Terry Lundgren, said the first quarter.

Sales of related businesses were weak, especially from mid March, which was slower than expected.

Terry Lundgren also claimed that the sharp decline in tourist consumption in some core areas has led to double-digit declines in tourism consumption and sales of some core categories of the group have slowed down.

Although Terry Lundgren does not refer specifically to "core regional tourists" as Chinese tourists, the "core category" is a luxury category. However, the slowdown in China, the stock market downturn and the depreciation of the renminbi have already begun to affect the international consumption of Chinese tourists, and the European market, which is shadowed by terrorist attacks, has already taken the lead in swallowing the bitter fruit.

At the group's annual shareholders' meeting in May 20th, Terry Lundgren said that Macy's s Inc., Messi, department store, is now reversing the current sales situation through the following measures: the expansion discount store concept Backstage (22 in the United States before the end of the fiscal year end of January 2017), and the high-end beauty products retailers and Spa Bluemercury stores purchased in early 2015 (115 in the United States before the end of fiscal 2017 in January 2018); expanding the sales space Last Act (the first quarter high digit growth) to all stores; reforming the jewelry sales mode; increasing the wedding ceremony book supply; and expanding the Chinese market.

Terry Lundgren predicts that the group business will see improvement in the second half of fiscal year 2016 and begin to recover from the turning point.

Macy 's nc. (NYSE:M) received $31.60 on Monday, 13, and plunged 3.84% throughout the day.

The stock has fallen by 54.6% in the past 52 weeks.