During our interesting Speaker meeting this week, we had the pleasure of welcoming Julissa Jimenez, the Manager of College Relations from Macy’s! She gave us a full background of Macy’s and the retail industry sharing with us Macy’s M.O.M. acronym that has nothing to do with our actual mothers.
The retail industry is huge. I mean HUGE. Did you know it supports 1 in 4 American jobs? Because I didn’t. It’s one of the nation’s largest private employers and impacts the economy of every single town and state in the U.S. I think it’s safe to say that retail is not a dying business.
Macy’s, being a big part of the U.S. retail industry, has more than 800 stores across the country and employs more than 175,000 people. In 2007, it decided to create one national brand to maintain a consistent message all around America. More recently, Macy’s acquired Blue Mercury, a luxury beauty retailer. What sets it apart from every other retailer is its people, customers, innovation, national presence, millennial focus, and exclusive brands. But what seems to be completely unique to Macy’s is its M.O.M. acronym.
M = My Macy’s-> different packs sent to stores based on geographic location and demographics of that area (Macy’s in Hawaii sells more bathing suits, while one in Vermont might sell more winter gear)
O = Omnichannel-> presence on technology; the ability to “buy anywhere, fulfill anywhere” (Terry Lundgren, CEO)
M = Magic Selling-> M.A.G.I.C. : Meet & make a connection, Ask questions, Give advice & options, Inspire to buy, Celebrate the sale)
FYI Macy’s flagship store is right here in NYC (Herald Square)!
Unfortunately Macy’s is finished recruiting for this summer, however there is a cool opportunity for sophomores called Macy’s Magnate Program. It’s a 3-day conference that gives students exposure to careers in corporate retail. At the end of the 3 days, you have the option to interview for the internship program for the following summer, which means that you could have an internship locked in before junior year even starts! It’s highly selective and will be accepting 48 Magnates this year.
The internship program following your junior year involves working under a buyer or planner, engaging with high-level speakers, presenting a strategy to answer a business question given, and trips to sports games, community service events, etc. This internship could also possibly end in a full-time offer.
For seniors graduating in 2016, Macy’s offers the Merchant Executive Development Program that starts off with a 12 week training program, teaching you all of the systems used by Macy’s and working on a capstone project. Once the training is finished, people will work in one of the following groups: Omni Financial Planning, Omni Buying, Digital Merchandising, Omni Merchandise Planning, Omni Inventory Management, or Pricing.
If you have ANY questions or would like to apply to the Magnate Program, please email Julissa.Jimenez@macys.com
Look out for Fall Recruitment for Macy's Internship and Merchant Executive Development Program!
ADversary: Mondays Tisch UC-19 12:30pm
Regular Meetings: Wednesday Tisch UC-04 12:30pm