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Macy's on Monday delayed its third quarter earnings release as it conducts an internal investigation into an employee hiding up to $154 million of expenses.An employee responsible for small ...
Macy's is closing more stores than it originally announced earlier this year.. According to the company's third quarter earnings report, the department store chain is expected to close 65 ...
As rain poured down on the 2024 Macy's Thanksgiving Day Parade in New York City, an enthusiastic Irish step dancer took a tumble during NBC's live broadcast of the annual event.
Macy's has been struggling with flagging sales as consumers increasingly turn from physical retail to e-commerce. In Q2, its sales dropped 3.8% to $4.9 billion while same-store sales declined 4% ...
Macy's stock price fell 10% before the bell on Wednesday. Per Yahoo Finance data , shares are down 25% year to date, compared to the S&P 500's ( ^GSPC ) 28% gain.
Macy's future is a smaller company, predicted Swartz, though its current market cap of less than $5.5 billion reflects that reality. In the meantime, Spring's work has just begun.
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
The investors claim that Macy’s real estate, including its flagship store at Herald Square in New York City, is worth up to $9 billion on the open market, nearly double Macy’s closing market ...
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