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Westlake Legal Group > Macy’s Inc

Why the Big Balloons Might Not Fly at the Macy’s Thanksgiving Parade

Westlake Legal Group 26macysparade1-promo-facebookJumbo-v2 Why the Big Balloons Might Not Fly at the Macy’s Thanksgiving Parade Wind Thanksgiving Day Parades Manhattan (NYC) Macy's Inc Balloons

Astronaut Snoopy might not be cleared for take off. The usually buoyant SpongeBob SquarePants may wind up deflated and depressed. Olaf, the garrulous snowman from “Frozen,” could find himself melting into a heaping puddle on the pavement.

That’s because though New York City plays Thanksgiving host to the annual Macy’s parade, it has a strict and specific set of balloon-flight regulations that have been in place since 1997, when a windswept inflatable Cat in the Hat caused destruction that left one woman in a coma for nearly a month.

So as omnipresent as the mammoth character balloons are, so, too, are weather forecasters, police officers and others trying to guess which way the wind will blow.

Macy’s has a licensed meteorologist — armed with a laptop and an open line to the National Weather Service — on hand every year to observe weather conditions, monitor gusts and help make decisions about the floating characters in the procession.

The Police Department assigns trained officers to balloons and has seven wind-monitoring devices, called anemometers, to measure gusts along the route and guide the parade accordingly.

“We are always attuned to weather conditions for Parade Day,” Orlando Veras, a Macy’s spokesman, said. “We monitor the weather on a daily basis, but at this time, it is too early to make any determinations.”

This year, with high winds in the forecast, parade enthusiasts are particularly anxious that the most famous balloons in America might get grounded.

Maneuvering a massive helium-filled balloon down the two-mile parade route can be a challenge even in the best of conditions. The biggest of the balloons measures between 50 and 60 feet tall and can be just as long.

The giant balloons also weigh hundreds of pounds and require dozens of trained handlers to guide them through streets lined with gawking spectators and hulking buildings.

To help avoid crashes and other catastrophes each year, every floating behemoth is assigned a supervisor, according to Chief Rodney Harrison, the Police Department’s chief of patrol. He added that each balloon had its own “predetermined flight risk” based on its size and weight.

As the inflated characters hover their way downtown, the supervisors are fed information from the anemometers. They then instruct handlers to reel balloons lower or higher based on changing wind conditions, Chief Harrison said.

According to city regulations, the giant balloons cannot fly at all if there are sustained winds above 23 miles per hour or if gusts exceed 34 m.p.h. Though guidelines for balloon handling had long in been place, the rules became more severe after the accident in 1997.

On that Thanksgiving, balloon handlers were grappling with winds that reached speeds in excess of 40 m.p.h., when a six-story Cat in the Hat balloon was pushed by the gusts into a lamppost.

One part of the lamppost broke off and fell onto parade spectators, injuring four people, including a 33-year-old woman who suffered a serious head injury and spent more than three weeks in a coma.

While balloon accidents had caused some chaos in the past — even as early as 1931, when a Felix the Cat balloon that was released from the parade later drifted into telephone wires and caught fire — the severity of the 1997 incident caused then-Mayor Rudolph W. Giuliani to open a city investigation that led to the current rules.

The regulations have not prevented further collisions. In 2005, a giant M&M balloon smacked into a light pole in Times Square and pulled off a fixture that crashed to the ground and injured two spectators.

As of Tuesday afternoon, the National Weather Service was predicting that Thanksgiving Day would bring winds of up to 25 m.p.h, with gusts nearing 40 m.p.h. throughout the New York region.

Matthew Wunsch, a meteorologist at the Weather Service, warned that gusts in the densely built parts of Manhattan, where tall buildings create a wind tunnel, could rise even higher.

“It’s going to be windy regardless,” Mr. Wunsch said. “But the buildings make it a lot more variable.”

If the giant balloons are grounded, Mr. Veras said, it would be only the second time in the history of the Macy’s parade that they were forbidden to take flight. The first was in 1971, when a cold, wet and windy Thanksgiving kept the balloons on the ground. (There were also no balloons between 1942 and 1944, when the parade was suspended because rubber and helium were needed for World War II.)

The character balloons have been a staple of the Macy’s Thanksgiving Day Parade since 1927. This year’s, Macy’s is hoping to feature new versions of two parade fixtures, Snoopy and SpongeBob, and the return of Smokey Bear for the first time since 1993.

Even if winds are high, Macy’s still plans to bring out 40 smaller inflatable figures. The themed floats will still sail down the street and Broadway performers, musicians and marching bands from across the country will still serenade the assembled crowds.

The final decision on whether the parade’s 16 giant balloons get pulled from the lineup this year won’t be made until Thursday morning, officials said.

“It’s going to be a game-day decision,” Chief Harrison said.

Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com 

Why the Big Balloons Might Not Fly at the Macy’s Thanksgiving Parade

Westlake Legal Group 26macysparade1-promo-facebookJumbo-v2 Why the Big Balloons Might Not Fly at the Macy’s Thanksgiving Parade Wind Thanksgiving Day Parades Manhattan (NYC) Macy's Inc Balloons

Astronaut Snoopy might not be cleared for take off. The usually buoyant SpongeBob SquarePants may wind up deflated and depressed. Olaf, the garrulous snowman from “Frozen,” could find himself melting into a heaping puddle on the pavement.

That’s because though New York City plays Thanksgiving host to the annual Macy’s parade, it has a strict and specific set of balloon-flight regulations that have been in place since 1997, when a windswept inflatable Cat in the Hat caused destruction that left one woman in a coma for nearly a month.

So as omnipresent as the mammoth character balloons are, so, too, are weather forecasters, police officers and others trying to guess which way the wind will blow.

Macy’s has a licensed meteorologist — armed with a laptop and an open line to the National Weather Service — on hand every year to observe weather conditions, monitor gusts and help make decisions about the floating characters in the procession.

The Police Department assigns trained officers to balloons and has seven wind-monitoring devices, called anemometers, to measure gusts along the route and guide the parade accordingly.

“We are always attuned to weather conditions for Parade Day,” Orlando Veras, a Macy’s spokesman, said. “We monitor the weather on a daily basis, but at this time, it is too early to make any determinations.”

This year, with high winds in the forecast, parade enthusiasts are particularly anxious that the most famous balloons in America might get grounded.

Maneuvering a massive helium-filled balloon down the two-mile parade route can be a challenge even in the best of conditions. The biggest of the balloons measures between 50 and 60 feet tall and can be just as long.

The giant balloons also weigh hundreds of pounds and require dozens of trained handlers to guide them through streets lined with gawking spectators and hulking buildings.

To help avoid crashes and other catastrophes each year, every floating behemoth is assigned a supervisor, according to Chief Rodney Harrison, the Police Department’s chief of patrol. He added that each balloon had its own “predetermined flight risk” based on its size and weight.

As the inflated characters hover their way downtown, the supervisors are fed information from the anemometers. They then instruct handlers to reel balloons lower or higher based on changing wind conditions, Chief Harrison said.

According to city regulations, the giant balloons cannot fly at all if there are sustained winds above 23 miles per hour or if gusts exceed 34 m.p.h. Though guidelines for balloon handling had long in been place, the rules became more severe after the accident in 1997.

On that Thanksgiving, balloon handlers were grappling with winds that reached speeds in excess of 40 m.p.h., when a six-story Cat in the Hat balloon was pushed by the gusts into a lamppost.

One part of the lamppost broke off and fell onto parade spectators, injuring four people, including a 33-year-old woman who suffered a serious head injury and spent more than three weeks in a coma.

While balloon accidents had caused some chaos in the past — even as early as 1931, when a Felix the Cat balloon that was released from the parade later drifted into telephone wires and caught fire — the severity of the 1997 incident caused then-Mayor Rudolph W. Giuliani to open a city investigation that led to the current rules.

The regulations have not prevented further collisions. In 2005, a giant M&M balloon smacked into a light pole in Times Square and pulled off a fixture that crashed to the ground and injured two spectators.

As of Tuesday afternoon, the National Weather Service was predicting that Thanksgiving Day would bring winds of up to 25 m.p.h, with gusts nearing 40 m.p.h. throughout the New York region.

Matthew Wunsch, a meteorologist at the Weather Service, warned that gusts in the densely built parts of Manhattan, where tall buildings create a wind tunnel, could rise even higher.

“It’s going to be windy regardless,” Mr. Wunsch said. “But the buildings make it a lot more variable.”

If the giant balloons are grounded, Mr. Veras said, it would be only the second time in the history of the Macy’s parade that they were forbidden to take flight. The first was in 1971, when a cold, wet and windy Thanksgiving kept the balloons on the ground. (There were also no balloons between 1942 and 1944, when the parade was suspended because rubber and helium were needed for World War II.)

The character balloons have been a staple of the Macy’s Thanksgiving Day Parade since 1927. This year’s, Macy’s is hoping to feature new versions of two parade fixtures, Snoopy and SpongeBob, and the return of Smokey Bear for the first time since 1993.

Even if winds are high, Macy’s still plans to bring out 40 smaller inflatable figures. The themed floats will still sail down the street and Broadway performers, musicians and marching bands from across the country will still serenade the assembled crowds.

The final decision on whether the parade’s 16 giant balloons get pulled from the lineup this year won’t be made until Thursday morning, officials said.

“It’s going to be a game-day decision,” Chief Harrison said.

Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com 

Chasing Amazon, Retailers Are in a Never-Ending Arms Race

Westlake Legal Group 00retail1-facebookJumbo Chasing Amazon, Retailers Are in a Never-Ending Arms Race Shopping and Retail Nordstrom Inc Macy's Inc Kohl's Corporation E-Commerce Black Friday and Cyber Monday (Shopping)

Retailers are trying everything they can to keep up with Amazon. Macy’s offers same-day delivery and in-store returns for online purchases. Black Friday deals are already starting at Kohl’s. And craft cocktails are served in the women’s shoe department at Nordstrom.

By one measure, these strategies are working. After years when it seemed as if Amazon was swallowing the industry, many large old-school chains like Kohl’s and Macy’s have largely stabilized their lagging sales.

But those victories may be short-lived because retailers are caught up in a seemingly never-ending race against Amazon. The more they spend to compete, the more their profits are sapped. And even when they succeed in attracting customers, Amazon responds with new ways of delivering inexpensive items as quickly and conveniently as possible.

“Is this an arms race that never stops?’’ asked Christina Boni, a senior credit officer at Moody’s focused on retailers. “That has still to be determined.”

And it’s not just Amazon that’s been shaking up the roughly $3.6 trillion retail industry. Dozens of start-ups, backed by private investors not concerned with immediate profits, have been chipping away at department store offerings, section by section.

The costs are weighing on many retailers, even in a relatively strong economy when consumers are expected to spend heartily during the holiday shopping season that begins in earnest this week. Just last week, Kohl’s said that its quarterly profit had dropped 24 percent and that profits for the year would be less than previously thought.

These same online forces have led in recent years to record store closings and prominent bankruptcies like Sears, Toys ‘R’ Us and Barneys New York, and they are pressuring a wider circle of retailers that have seemingly adapted well to the era of online shopping. The result may be that Americans find themselves with fewer places to shop.

“Some retailers are in a tough spot,” said Jay Sole, a retail analyst at UBS. “Sales have gone up but profit margins have gone down.”

Especially hard hit are the big sellers of apparel and accessories like Nordstrom, which are grappling with the dual costs of running fast and efficient e-commerce operations, while also keeping their stores inviting and relevant.

Last month, Nordstrom opened a giant new store just south of Central Park, the single largest project investment in the company’s 118-year history, featuring 19-foot ceilings and specially commissioned artwork. On opening weekend, the crowds were so thick that shoppers trying on shoes had to take numbers as if they were at a deli counter.

The seven-floor colossus — bigger than a Walmart Supercenter — adds to the retailer’s range of efforts in Manhattan like Nordstrom Rack outlets, new hubs for online returns and a men’s store. Still, as it tries to be all things to all shoppers, Nordstrom’s operating profit margin is nearly half what it was eight years ago. Last week, Nordstrom said its margins improved slightly in the third quarter as it cut expenses, although sales fell.

At Kohl’s, the strategy to win over customers is less flashy, but no less costly. The department store chain is ramping up discounts to drum up sales ahead of the holidays.

And unable to beat Amazon, Kohl’s is trying to join it. Kohl’s now accepts Amazon returns at many of its 1,100 stores — packing, labeling and shipping the items free — in an attempt to get more people to walk through its doors. The retailer’s chief executive has called the partnership its “single biggest initiative” of the year.

Competing with Amazon has never been a fair fight. For decades, the online giant has appealed to investors by growing quickly, even as it lost money on shipping, building out its warehouses and developing gadgets like the voice-activated Echo with Alexa. Amazon also runs a cloud computing business, Amazon Web Services, that can boost the company’s overall profits. In its most recent quarter, Amazon said profit fell 28 percent as it invested in one-day shipping initiatives.

Leading up to the holidays, Amazon is only getting more aggressive. It is expanding the items that it will ship free in a single day to Prime customers. According to a Morgan Stanley analysis, the typical order for one-day shipping is $8.32, and Amazon spends $10.59 to fulfill and ship it, meaning the company loses money on many sales. But Amazon may satisfy a more valuable goal: pressuring other retailers to deliver the same level of convenience to keep their customers.

Retail is a huge industry and not every chain is being squeezed. Walmart and Target have evolved from big box stores into retailers that have succeeded at offering the same conveniences as Amazon like one-day delivery.

They have managed to thrive because they are helped by a wide range of products like food and household staples that customers have to buy on a regular basis. Their sheer size also allows them to pressure their suppliers to lower the cost of their goods, which frees up money to invest in e-commerce.

Still, Amazon seems to have most of the advantages. The company is building out its own fleet of airplanes, delivery trucks and couriers, while other retailers must contend with rising rates to ship through FedEx and UPS.

While retailers are coming through with a “very, very competitive digital shopping experience,” said Kimberly Greenberger, a retail analyst at Morgan Stanley, they are pouring money into their e-commerce operations at the same time their stores are bringing in fewer sales. Just when they seem caught up, Amazon raises the bar again.

“It just continues this vicious cycle that retailers find themselves in,” Ms. Greenberger said.

Macy’s is one retailer caught in this cycle for years. Founded in the 1850s, Macy’s spent generations expanding its reach, acquiring regional department store chains and building new stores in shopping malls.

Facing pressure from e-commerce and seeing less traffic in malls, Macy’s has spent the past few years dismantling that brick-and-mortar empire. It has sold off some of its most iconic stores to raise money to reinvest in its online business and modernize its remaining stores.

After three consecutive years of losses, Macy’s sales rebounded last year. But its operating margin is projected to fall to 5 percent this year from a recent high of 10.2 percent in 2014, according to Capital IQ. On Thursday, Macy’s said that sales sunk more than expected in its most recent quarter, driving down the company’s shares to their lowest price in a decade.

“It’s a different model you’re competing with today,” Terry Lundgren, Macy’s former chief executive, said in an interview, pointing to Amazon’s businesses outside of selling items like shoes and blouses. “It’s the reality of competing against a retailer who is purposefully reducing the price and not as concerned about making money on each item.”

Mr. Lundgren said that the ideal transaction for major retail chains today is a consumer who browses online and then visits stores to buy or pick up the actual merchandise. That eliminates shipping costs and reduces the chance of a return because the customer has touched or tried on the item.

In addition, customers end up spending more on store visits, he said, noting that when he was leading Macy’s, people who picked up online orders ended up spending an additional 25 percent. “I really wanted to keep encouraging that type of transaction,” Mr. Lundgren said.

And then, there are the dozens of buzzy e-commerce start-ups, built through savvy marketing on Instagram and Facebook, that have also been putting pressure on department stores. Often, these companies are built around one product, ship directly to consumers and have only a few stores, if any. They include Away for suitcases, Allbirds for shoes, Lively for bras, Everlane for clothing and Brooklinen for bedsheets.

Many of these companies, backed by venture capital, are focused on growth and not concerned with making money in the short-term.

“Traditional companies held to traditional profit and loss metrics, particularly public companies, are being battered by a lot of venture-backed direct-to-consumer companies that aren’t really built around a profitability model right now,” said Joel Bines, global co-head of retail at consulting firm AlixPartners.

“There’s no telling how long it’ll take for the capital inflows to dry up for these competitors that every day are picking off the best customers of the department stores,” Mr. Bines added.

In the meantime, retailers like Kohl’s hope their investments will win back sales and save them money down the road by gaining customer loyalty.

“We believe that investing in the short-term will support our strategies to drive profitable growth over the long term,’’ Michelle Gass, chief executive of Kohl’s said in a statement last week.

But investor patience may be wearing thin. The company’s shares dropped about 19 percent last week.

Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com