Macy’s

Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007

Source: macys.com

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Limited Retail Reopenings Draw Curiosity, But Not Spending
Limited Retail Reopenings Draw Curiosity, But Not Spending
May 04, 2020  |  Retail

The great retail resettling is on. This past weekend and today (May 4) are the first tests of consumer behavior during the pandemic, as Simon...

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Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
April 30, 2020  |  Retail

As it joins the ranks of returning merchants following COVID-19 store closures, Macy’s intends to open 68 retail locations on Monday (May 4) in states...

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Macy’s Loses Credit Insurance Coverage
Macy’s Loses Credit Insurance Coverage
April 28, 2020  |  Retail

As if closing stores, laying off workers and incurring mounting debt amid the coronavirus pandemic wasn’t bad enough, now retailers face another obstacle, Bloomberg News reported....

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Retailers Wary Of Opening As Some States Restart Economies
Retailers Wary Of Opening As Some States Restart Economies
April 24, 2020  |  Coronavirus

Many large retail chains are wary of reopening even while some states move toward starting their economies again following closures due to COVID-19. TGI Fridays...

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Macy’s Could Raise Up To $5B In Debt Amid COVID-19
Macy’s Could Raise Up To $5B In Debt Amid COVID-19
April 22, 2020  |  Retail

To contend with the COVID-19 pandemic, Macy’s is considering raising up to $5 billion worth of debt. The retailer will look to bring in $3...

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New Data Says Department Stores Have 40 Percent Chance Of Defaulting
New Data Says Department Stores Have 40 Percent Chance Of Defaulting
April 09, 2020  |  Retail

Former Rue21 CEO Bob Fisch said in a recent interview that department stores were “fossils” and belonged in museums only, and new market data doesn’t...

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Macy’s CFO To Leave, External Search Underway For Replacement
Macy’s CFO To Leave, External Search Underway For Replacement
April 07, 2020  |  Retail

With a transition on its management team underway, Macy’s announced that Executive Vice President and Chief Financial Officer Paula Price will be departing the company...

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Bankruptcies Sprout On Both Sides Of The Pond
Bankruptcies Sprout On Both Sides Of The Pond
April 06, 2020  |  Retail

The dreaded “B” word has been circulating with more weight and frequency, as the week opens with nonessential retailers reckoning with life during the contagion....

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Retail Chains Furlough Workers Amid COVID-19 Shutdowns
Retail Chains Furlough Workers Amid COVID-19 Shutdowns
March 31, 2020  |  Retail

Amid lengthened measures to keep COVID-19 from spreading, some of the country’s biggest retail chains have been forced to put workers on a leave of...

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