yabby At Thanksgiving Time, It’s Raining on Macy’s Parade

Good morning. It’s Wednesday. We’ll look ahead to the Macy’s Thanksgiving Day Parade and why Macy’s has more to worry about than bad weather. We’ll also get details on why City Hall is rushing to close a migrant shelter in Brooklyn before President-elect Donald Trump takes office in January.yabby

It’s going to rain on Macy’s parade tomorrow. The National Weather Service says so. But that is only one of Macy’s worries right now.

Others include $154 million that went missing from the company’s books. And then there are declining sales and “underproductive” stores.

Macy’s announced the $154 million issue — an accounting error it says an employee responsible for tracking how much the company spent delivering small packages “intentionally” made — at the beginning of what amounts to its prom week.

The Thanksgiving parade, with giant balloons and loads of confetti and performances outside its flagship store, in Herald Square, gets Macy’s into the conversation in people’s homes. For people in the New York area who don’t mind the crowds, it has been a draw for 98 years. For people who don’t like the crowds — and those outside New York — there’s always the television broadcast. This year, there will be 22 floats and several new character balloons, including a new Minnie Mouse and Spider-Man.

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