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Former Macy's logo, until 2019, although it is seen on many storefronts. Rowland Hussey Macy opened four retail dry goods stores between 1843 and 1855. One of them was the original Macy's store in downtown Haverhill, Massachusetts; it opened in 1851 to serve the mill industry employees of the area.
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 store locations affected by the closures include: Arizona. Superstition Springs Center, 6535 E. Southern Ave., Mesa. California. Otay Ranch Town Center, 2015 Birch Road, Suite 2, Chula Vista.
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 has delayed Q3 earnings as it investigates over $130 million in hidden expenses. Macy's said a single employee was responsible for "erroneous accounting accrual entries." The employee is no ...
In 1995, Federated Department Stores (now Macy's, Inc.), which owned both Macy's and I. Magnin specialty department stores, closed the I. Magnin chain. Macy's 1929/1948 building and its Union Square-facing buildings formed an "L" shape surrounding the I. Magnin Union Square store at the southwest corner of Stockton and Geary streets, built in 1946.
Here is the complete list of stores Macy's will close in 2025. California authorities give update on L.A. fires and announce school closures Blue Origin to launch New Glenn rocket after 10 years ...
Macy's third quarter earnings report also further addressed any potential impact on its financial performance after an employee allegedly hid $151 million in delivery expenses over a nearly three ...