This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Macy's Business Lessons From Miracle

As for Macy's, its My Macy's program has begun regionalizing customer service by stocking based on local needs and preferences. Holding back from eliminating local brands like Marshall Fields and Jordan Marsh may have been a better way to do this, but a regional program is a reindeer-sized step in the right direction.

2. Human relations: There were two big problems with the Macy's HR department during Miracle on 34th Street: It allowed a fall-down-drunken Santa aboard its flagship float in the Macy's Thanksgiving Day Parade and it didn't know its store Santa was previously institutionalized, which led to an awkward series of tests and a violent confrontation with the company's counselor.

With placement firm Challenger, Gray and Christmas reporting more than 375,000 seasonal jobs added in October and November alone, screening out the bad Santas is a must. Staffing firm Spherion (SFN) says that while 93% of companies use some form of screening, only 79% do background checks, 50% do drug tests and only 34% perform behavioral assessments.

Considering these are the people companies are putting in direct contact with their customers' children, they may want to be more thorough in finding out who's naughty and who's nice. That is why SantaForHire.com, a California-based placement firm for professional store and mall Santas, notifies its Santas of a mandatory background check amid application inquiries about belly padding and beard bleach.

3. Marketing: The in-store Santa and the Thanksgiving parade may seem like old standards now, but in 1947 they were the equivalent of Black Friday door-busters or online-only holiday deals. Characters in the film go to great pains to rail against this line of thinking --"there's a lot of bad 'isms' floatin' around this woild, but the woist is commoicialism," Albert the Brooklyn janitor laments -- but Kris Kringle himself was Macy's nuclear option in its war against long-closed Gimbel's.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs