Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to ...
Macy’s reported falling profit and sales with the department store chain wrestling with cautious spending by customers, rising competition and sluggish demand for cold-weather goods. The New ...
Like many department stores, Macy's has been suffering from dwindling sales amid the stratospheric rise of online rivals and the demise of America's suburban malls. The company appointed a new ...
At the first 50 stores that Macy's has overhauled, same store sales rose 1.9%. The company now expects earnings per share to be $2.25 per share to $2.50 per share for the year, down from its ...
Comparable sales (comps) fell on an owned-plus-licensed-plus-marketplace. Macy's strategic initiatives for fiscal 2024 focus on executing its "Bold New Chapter" strategy, which includes ...
Macy’s is shuttering dozens of locations, but that’s not necessarily a bad thing for the iconic department store chain’s bottom line. The company expects to generate $275M of revenue from ...
Copyright 2024 The Associated Press. All Rights Reserved. People watch from inside as a Macy’s float passes during the Macy’s Thanksgiving Day parade, Nov. 28 ...
Macy’s lowered its earnings estimates for the year after its third quarter results showed weakness in its sales. AP Macy’s delayed its third quarter earnings report by two weeks after it ...
NEW YORK — (AP) — Macy's profit and sales declined in the third quarter as the department store chain wrestled with cautious spending by customers, rising competition and sluggish demand for ...