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
Though there is plenty to be concerned about in Macy’s latest round of earnings, the report was not entirely absent good news. Earnings did manage...
It looks like more bad news for the U.S. department store sector. After a subpar holiday shopping season, research firm Moody’s announced that it had...
Macy’s long-term CEO Terry Lundgren will soon be stepping down from his position, as announced in the summer of last year. Lundgren has been in...
Shares of mall companies fell earlier this month after the announcement by Sears Holding Corp. that it will close as many as 150 stores over...
Retail sales increased 4.1 percent in December, compared to a year ago, buoyed by eCommerce and auto sales. According to a report, retail sales during the...
Andy Moser, a former lender to RadioShack, and Thomas J. Lynch, the onetime chief executive of Frederick’s of Hollywood, have joined forces to provide a...
Shares of mall companies fell this week in sympathy with the announcement by Sears Holding Corp. that it would close as many as 150 stores...
Macy’s announced that it will close down another 68 stores and cut an additional 6,200 jobs following disappointing holiday sales. Some of those closings —...