Search results
Results from the WOW.Com Content Network
Macy's got its start as America's first department store before the Civil War, and with all the ups and downs of the last 160+ years, the brand still lives on today.
Macy's, Inc. former headquarters in Downtown Cincinnati (2018) On October 14, 2013, Macy's Inc. announced the decision to open most of their stores for the first time on Thanksgiving Day 2013, breaking a long-standing tradition of 155 years, and joined the ranks of retailers who created Gray Thursday the year before.
Macy's was the first unit to open, on August 8, 1957, with mall shops opening in the months following. On November 8, 1957, 19 new stores (besides Macy's), including a supermarket, celebrated their grand opening. [4] [5]
On September 10, 2008, Macy's announced plans to open three new Bloomingdale's stores, two modeled after its SoHo store. One was intended to be a three-level 82,000-square-foot (7,600 m 2 ) anchor store at The Shops at Georgetown Park in Washington, D.C. , [ 10 ] but the plan collapsed after the mall's parent company declared bankruptcy.
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 earned $28 million, or 10 cents per share, for the three-month period ended Nov. 2. That compares with $41 million, or 15 cents per share in the year-ago period.
On February 27, 2024, it was announced that Macy's would be closing this location as part of a plan to close 150 stores nationwide by the end of 2026. Macy's stated that the location would remain open until the property would be sold to a new owner. More than 400 employees will be impacted as part of the closure. [13]
March 31, 2022 at 3:56 PM