The Numbers Don't Lie: The Task at Hand for Macy's CEO

The video discusses Macy's leadership transition with a new CEO taking over, the decline in stock prices since 2003, and the challenges faced by department stores due to changing consumer spending habits. It highlights the growth in e-commerce as a bright spot for Macy's, while traditional sales decline. Macy's strategic responses include closing underperforming stores and expanding discount offerings. The video also covers the valuation of Macy's real estate, which has attracted activist investors interested in monetizing the store portfolio.

Who is set to replace Terry Lundgren as CEO of Macy's?

• An internal candidate

• A board member

• A new external hire

• A former CEO of another company

What has been a major factor in the decline of Macy's stock price?

• Increased competition from luxury brands

• Rising operational costs

• Shift in consumer spending to online sales and dining out

• Decrease in product quality

How has the strong U.S. dollar affected Macy's sales?

• Improved profit margins

• Decreased sales to foreign tourists

• Increased domestic sales

• Boosted online sales

What strategy is Macy's employing to address its challenges?

• Increasing advertising budget

• Opening new stores

• Raising product prices

• Closing underperforming stores and expanding discounts

What is the estimated value of Macy's real estate according to Starboard Value?

• $30 billion

• $10 billion

• $15 billion

• $21 billion