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On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
Bloomingdale's Inc. is an American luxury department store chain founded in 1861 by Joseph Bloomingdale and Lyman Bloomingdale.It was acquired by Federated Department Stores in 1930, which purchased the Macy’s department store chain in 1994, when they became sister brands.
Macy's (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy.It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007.
On Wednesday, Macy’s Inc (NYSE:M) reported third-quarter sales of $4.74 billion, beating the consensus of $4.72 billion. Macy’s net sales decreased 2.4%, with comparable sales down 2.4% on an ...
It is also expanding its Bluemercury and Bloomingdale’s stores. Macy's earned $28 million, or 10 cents per share, for the three-month period ended Nov. 2. That compares with $41 million, or 15 ...
According to Placer.ai, Macy's and Bloomingdale's are faring better in foot traffic trends than their peers. Meanwhile, Bluemercury clocked a 2.9% same-store sales jump last quarter. But the jury ...
In 1996, Bullock's was converted into Macy's and The Broadway became Bloomingdale's—the result of Federated Department Stores buying out Carter Hawley Hale Stores, the Broadway's parent company. The Westfield Group acquired a half-interest in the shopping center in 2002 and renamed it "Westfield Shoppingtown Fashion Square" in 2003, therefore ...
To prepare for the holidays, Macy's, Inc. is hiring more than 31,500 full and part-time seasonal positions for Macy’s, Bloomingdale’s, and Bluemercury stores, as well as its distribution centers.