Wednesday, May 15, 2013

Diamond in the rough(as in Jamie) makes good T.V. Macy's profit up but flagship store no longer a palace.

Diamond in the rough(as in Jamie) makes for good T.V.A few days ago,I saw on Bloomberg T.V Betty Liu with Jeffrey Wilde go after  with much vigor Ken Langone over whether Jamie Dimon should both Chairman and C.E.O.Langone maybe old guy but he's got firer in the belly,maybe that's why he is so rich.He's fiery,a true believe in Jamie Dimon.
Today Macy's reported profit up and I wish buy stock, oh maybe year or so ago when it below 30 today getting close to 50.Went to the downtown to flagship store,at Herald Square today.I hadn't been there in twenty years or so, and what a different not for the better.When you enter Macy's years ago you felt you entering a palace.With high ceiling there was feeling grandeur,that consumer was king.But today with low ceiling one doesn't that,indeed,one  feels like a rat.Space is money and empty space cost so good-bye to making customer feel special it's rat race and every one is on there own.
Walk a bit was in the heart of garment district and there is  a corner of street named Golda Meir Way with statue of her,unfortunately a pigeon stood on top of the statue.Although these days,you think the garment district would be more Spanish then Jewish,well at least at the bottom.But surprisingly I didn't heard Spanish but some German near the Penn Station around near what use to call the Pennsylvania Hotel two good looking gals were speaking German.They where of light complexion but had the look of woman from Connecticut,rich Connecticut New York suburbs like Greenwich.When think of Europeans,especially young women I think of jeans and tee shirts, not dress up stylish like these two gals.

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