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Macy"s: At least 85% of sales to come from A and B mall stores

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 23rd, 2021

Macy’s closes out a terrible 2020, sees 2021 as ‘a recovery and rebuilding year’

Sales at Macy's stores opened at least a year fell 17%, but online sales rose 21%. Elevated online sales may be here to stay. Macy’s said Tuesday that it expects digital sales to reach $10 bil.....»»

Category: topSource: chicagotribuneFeb 23rd, 2021

Macy"s is closing 45 stores in 2021, and some have already started liquidation sales. Here"s the full list.

Macy's store closures are part of its plan to close one-fifth of its stores by 2023. Reuters Macy's told employees at 45 stores that the locations would close this year, accordi.....»»

Category: personnelSource: nytJan 6th, 2021

Retailers are inventing quarantine-themed sales to lure people to shop online as their stores remain closed

American Eagle Outfitters Gap, Nordstrom, Macy's, and more are promoting stay-.....»»

Category: topSource: businessinsiderApr 5th, 2020

Coronavirus pushes Macy"s to furlough majority of 130K workers

Macy's Inc. will furlough the majority of its employees beginning this week as sales have evaporated while its stores remain closed due to the coronavirus......»»

Category: topSource: foxnewsMar 30th, 2020

Macy"s cut to junk as turnaround plan sparks concerns

S&P said the department-store chain has too many stores amid a shift in consumer preferences away from mall-based locations......»»

Category: topSource: foxnewsFeb 18th, 2020

Macy"s moving headquarters to LIC

will relocate its corporate headquarters to as part of its decision to cut stores, lay off workers and resuscitate its ailing sales. The company, which has for years had its headquarters at , next... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkFeb 7th, 2020

Macy"s is turning its back on the mall and focusing on off-price stores and trendy lifestyle concepts to win over millennial shoppers

Courtesy of Macy's Macy's unveiled a three-year turnaround plan to cut costs and boost growth on Tuesday. Its CEO, along with other executives, gave an in-depth description of the plan during Macy's investor day o.....»»

Category: topSource: businessinsiderFeb 5th, 2020

Macy"s Announces Lower Guidance, Will Close 125 Stores

Macy's (NYSE: M) announced on Tuesday it sees fourth-quarter sales at $8.3 billion versus the $8.34 billion estimate, and comps at co-owned locations down 0.6%. 0 read more.....»»

Category: blogSource: benzingaFeb 4th, 2020

Macy"s to close 125 stores, cut more than 2,000 jobs

Macy's Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years to tackle slowing mall traffic and will slash more than 2,000 corporate jobs as a part of a cost-savings effort......»»

Category: topSource: reutersFeb 4th, 2020

Costco proves why it"s Amazon-proof as stores like Target and Macy"s struggle

Tim Boyle/Getty Images Target, Macy's, and Kohl's all reported weaker-than-expected sales numbers for the holiday season.  Meanwhile, sales at Costco were.....»»

Category: topSource: businessinsiderJan 15th, 2020

Macy"s holiday season sales fall less than feared, to close 29 stores

Macy's Inc reported a small decline in holiday same-store sales on Wednesday, surprising investors who were bracing for a sharper drop following an earlier profit warning......»»

Category: topSource: reutersJan 8th, 2020

Macy’s is closing 29 stores after drop in holiday sales

The department store chain says it will shutter Macy's and Bloomingdales locations around the country......»»

Category: topSource: washpostJan 8th, 2020

Macy"s prepares to close stores amid holiday sales decline

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 8th, 2020

Many stores have extended their Cyber Monday sales through Cyber Week — here"s where you can still get some great discounts

Business Insider Cyber Monday was yesterday, but many sales have been extended for Cyber Week. Below, you'll find a list of all the extended store sales we know about. You can also check out Cyber Monday's deals from Walmart, Macy's, .....»»

Category: topSource: businessinsiderDec 3rd, 2019

Black Friday shoppers stay away from stores, make $7 billion-plus splurge online

U.S. shoppers made more purchases online on Black Friday than in the mall - hurting traffic and sales at brick-and-mortar stores, according to data that offered a glimpse into what is still one of the busiest shopping days of the year......»»

Category: topSource: reutersNov 30th, 2019

Macy"s cuts profit outlook as tourist numbers drop

Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years......»»

Category: topSource: reutersNov 21st, 2019

Macy"s cut profit outlook after weak quarter; confident for holiday

Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years......»»

Category: topSource: reutersNov 21st, 2019

Macy’s Piles On More Bad News

Macy's third-quarter results were mixed, with profits beating expectations and sales missing. The company said a slow start to winter, lower international tourism and poor sales at mall locations........»»

Category: blogSource: 247wallstNov 21st, 2019

Macy"s sales slump as weak shopping malls, "uninspiring" stores take a toll

Macy's reported disappointing sales as the retailer heads into the critical holiday shopping season at a time when depart.....»»

Category: topSource: usatodayNov 21st, 2019

Macy"s cuts forecast ahead of holiday season after gloomy quarter

Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism and sluggish mall traffic for the first drop in same-store sales in two years......»»

Category: topSource: reutersNov 21st, 2019