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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 still plans to close a total of about 150 underproductive stores, while investing in its 350 current Macy’s locations, through the company's 2026 fiscal year, which ends Jan. 30, 2027 ...
Macy’s reported earnings of $62 million, or 22 cents per share for the quarter ended May 4. That compares with $155 million, or 56 cents per share in the year-ago period.
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.
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.
Macy's announced Tuesday that it was closing approximately 150 stores nationwide, but added Thursday the Dartmouth Mall Macy's will be spared.
Early in the new year, Macy's filed for bankruptcy protection under Chapter 11. In 1994 the Federated Department Stores acquired the now bankrupt R.H. Macy & Company and combined Macy's, headquartered in New York City, with A&S/Jordan Marsh. In 1995, the name Abraham & Straus was dropped in favor of the more widely known name Macy's.
Macy’s department stores announced plans last month to close 150 underperforming stores, about 30% of its locations, over the next three years. The Fresno locations do not appear to be among them.