Chapter 1190 Lively And Peaceful (1/2)

There were many people who wanted to be with Li Du. When there was someone leading, the people would gather around them.

They were all familiar faces. They had been at the motel restaurant party the previous day and had helped him, so he could not reject them.

Therefore, he thought for a moment and said, ”I'd love to come with you to the auction, but this is not the time to discuss it. We should go and join the protest first.”

”So how about taking us to the Macy's auction after the New Year?” asked a local Phoenix treasure hunter.

Seeing everyone looking at him with hope, Li Du smiled and said, ”Of course, no problem, we'll go together.”

Macy's was a well-known department store chain owned by united department stores of the United States. Its flagship store was located in Herald quare, New York City. When it opened on 7th Avenue, it was once known as ”the largest store in the world”.

Macy's also has two national flagship stores on Union Square in San Francisco and on State Street in Chicago. In addition, there was a large number of sister companies throughout the United States and around the world.

Now, however, with the rise of super retailers such as Walmart, Metro, Tesco and even Amazon, Macy's has lost a lot of its standing and sales.

Over the past few decades, in order to regain its market share, Macy's has introduced many policies, such as ”sales of commodities”, ”gifts to customers”, ”customers prize competition law”, ”gift integral method”, ”new product field performance method”, ”samples”, ”fashion show”, etc., in an effort to promote sales.

These policies were useful, but the administration of Macy's has made a number of directional errors in its development.

At first, it followed the line of high-end department stores. Later, the president and the board of directors believed that the general store would be the mainstream of the market, so they began to lower the quality threshold of the products, hoping to compete with other big supermarkets and department stores for ordinary customers.

In this way, Macy's has lowered its profile and lost the upper-class customers it once relied on.

In the process, they did not win the public's favor, because Macy's still had the image of a high-end department store, with expensive products and posh salesmen.

A few years later, Macy's found itself on the wrong side of the road, reverting back to the upscale mall route.

They drove away some of the mass-market customers they had struggled to attract, without gaining the upper-class and high-end mainstream customers.

In short, the once dominant retailer was long gone, shutting down stores around the world to stem the bleeding as the global economy slowed.

Every year, Macy's stores would close down in the United States, and when they did, they would auction off warehouses and unsuccessfully sold items to raise money.

Every year, Macy's shuttered department store auctions drew large crowds to what would be a gala event, with the Warehouse Auctions Association's website featuring the most prominent advertisements.

Li Du had already noticed the message about the auction, which would take place at the beginning of the New Year.

He would definitely attend the auction with the treasure hunters who supported him the other day, which would be a way to repay the favor.

His promise excited many treasure hunters.

The enthusiasm for the protest grew, and Black Mustang jumped on the bandwagon, leading a group of African American treasure hunters to show some hip-hop skills.