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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 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% ...
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 ...
However, Macy's recently rejected a takeover offer, saying it undervalued the firm. Wall Street's immediate reaction to Tuesday's announcement was negative, with shares trading more than 2% lower ...
Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S.. Some of those transformations may catch shoppers by surprise. The retailer said ...
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 ...
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.
In 2015, activist investor Starboard said Macy’s properties were worth $21 billion, including $4 billion alone for its flagship Herald Square store in New York City, In 2017, Hudson’s Bay, the ...