Tag Archives: Macy’s

CBS News reports: Macy’s on Tuesday said it plans to close roughly 150 underperforming stores over the next three years, the struggling retailer’s latest effort to energize its business as it seeks to fend off a proposed takeover by activist investors. The department store chain said it plans to focus on expanding its luxury brands, Bloomingdale’s and Bluemercury. Macy’s will …

CNBC reports: Macy’s is embroiled in a legal battle with its landlord to prevent Amazon from using a billboard that sits on top of its most iconic flagship store. The department store chain is asking the Kaufman Organization to stop a potential deal with Amazon to use the billboard atop its storied Herald Square location. “The damages to Macy’s customer …

The New York Post reports: Macy’s advanced its plan to build a giant office tower atop its Herald Square flagship store on Monday, announcing that it would spend $235 million to upgrade transit infrastructure at the site and to create other public amenities. Macy’s, Inc., CEO Jeff Gennette said, “We are doubling down on our commitment to New York by …

The New York Daily News reports: Macy’s is preparing for the mayhem on 34th Street. Workers on Friday were boarding the windows of the iconic flagship store in preparation of possible unrest in the days before New York and the nation cast ballots for America’s next president. NYPD Commissioner Dermot Shea acknowledged that business owners have expressed concerns about lawlessness …

The New York Daily News reports: Santa Claus is not coming to town this year. Macy’s announced Thursday that jolly o’ Saint Nick wouldn’t be making the trip to its flagship location in Manhattan this holiday season, thanks to the coronavirus pandemic. The company said it would be impossible to have visitors socially distance, given that over a quarter million …

NBC New York reports: The Macy’s Thanksgiving Day Parade, a nearly century-old New York institution, will be sidelined from its usual live format due to the ongoing coronavirus pandemic, officials said Monday. The department store announced that it had to “reimagine” the upcoming 94th edition of the parade on Nov. 26 and said it’ll be staged in a manner similar …

Reuters reports: Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures. Cincinnati, Ohio-based Macy’s, the largest U.S. department store operator by sales, said it expects to have all of its roughly …

USA Today reports: Retail giant Macy’s said it will furlough a “majority” of employees as companies continue to navigate how to operate during the coronavirus pandemic. In a statement Monday, Macy’s said “the majority of our colleagues” will go on furlough starting this week. As of its 2019 fourth quarter, Macy’s had 125,000 employees and 775 stores nationwide. Macy’s says …

CNBC reports: The biggest mall owner in the U.S., Simon Property Group, announced it will be closing all of its malls and outlet centers in the country, effective at 7 p.m. until March 29. “The health and safety of our shoppers, retailers and employees is of paramount importance,” CEO David Simon said in a statement. Simon is the first U.S. …

The Wall Street Journal reports: Macy’s Inc. plans to close 125 department stores over the next three years, an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls. The company is also cutting about 2000 corporate jobs and closing several offices. It will abandon a dual national headquarters location …

Business Insider reports: Macy’s is closing 30 stores in early 2020. In 2016, Macy’s said it would close 100 stores after it reported six consecutive years of declining sales. Since then, it has been closing these locations as their leases expire. A representative for the company did not comment on whether this recent wave of closures was included in the …

The Associated Press reports: Macy’s customers may start to feel the impact of President Donald Trump’s trade war with China. The administration is preparing to extend the 25% tariffs to practically all Chinese imports not already hit with levies including toys, shirts, household goods and sneakers, which furnish Macy’s behemoth stores. Macy’s CEO Jeff Gennette told investors Wednesday the higher …

Within hours of yesterday’s first-ever same-sex kiss during the Macy’s Thanksgiving Day Parade, hate group leader Linda Harvey pushed out a raging column to multiple far-right sites including World Net Daily and LifeSiteNews. An excerpt: God never makes any human to engage in what He has called an “abomination,” and always shows a way out for those who seek His …

You knew this was coming. Via World Net Daily: In the battle of Macy’s vs. Donald Trump, it appears the clear loser continues to be Macy’s. On Wednesday, the retailer announced disappointing holiday sales, prompting its stock to drop more than 9 percent. The company also released the locations of 68 of the 100 stores it plans to close, with …

USA Today reports: After seeing sales drop during the holidays, Macy’s said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick. Of the 68 stores out of 730 in total, nine closings had been previously announced and three …

From a press release published today by Christian Newswire: Macy’s is in trouble not only for unleashing its Thought Police against innocent workers, it is hurting financially. Despite being pounded by Catholics, the mega-department store continues to stand by its decision to fire an Hispanic Catholic store detective for simply disagreeing with its policy of allowing cross-dressing men to use …

CNN Money reports: Macy’s announced plans on Thursday to close about 15% of its department stores, the latest effort to adapt to shifting consumer preferences for online shopping. Macy’s did not disclose which stores it will close, but said most of them will close in early 2017. The move comes as Macy’s revealed its second-quarter sales fell less than feared. …

This morning Ivanka Trump posted a photo of last night’s speech and told her two million Twitter followers that they can “shop Ivanka’s look.” The link in the tweet takes you to Macy’s, where you can buy last night’s NOT made in the USA polyester/spandex “sleeveless studded sheath dress” for a reasonable $138. So much for that boycott. Sad! Disloyal!

Donald Trump renewed his call to boycott Macy’s today, this time accusing the retail giant of being “disloyal” on the issue of immigration, whatever the fuck THAT means.