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| May 22, 2018

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Macy's Archives -

Stocks edge up, lifted by retailers; Macy’s leaps

May 16, 2018 |

U.S. stock indexes edged up in early trading Wednesday, with Macy’s leading a retail-sector rally. Food and beverage stocks and other consumer goods companies also posted gains. Energy stocks lagged as crude oil prices declined. Bond prices were little changed.

KEEPING SCORE: The Standard & Poor’s…


L.A. Times – Business

Macy’s attacked online after announcing Muslim-friendly clothing line

February 9, 2018 |

Macy’s has announced an upcoming fashion collection catered to Muslim shoppers, featuring hijabs and more modest clothing options.
FOX News

Macy’s customers report delays with credit card transactions

November 25, 2017 |

Macy’s had hoped for a rush of shoppers on Black Friday. But it appears the crowds were too much of a good thing.

Macy’s credit card payment system buckled due to a higher than anticipated volume of transactions, the retailer said, leading to delays that slowed the checkout process at department…


L.A. Times – Business

Macy’s is shutting its Westside Pavilion store and others in California

November 9, 2017 |

Macy’s Inc. plans to close its store at Los Angeles’ Westside Pavilion mall, as well as two others in California, the retail giant said Thursday as it grapples with consumers’ increasing shift to online shopping.

The closures, which include the shutting of Macy’s stores at the Laguna Hills Mall…


L.A. Times – Business

Macy’s and Kohl’s Slow Sales Slump, but Investors Still Spooked

August 10, 2017 |

Macy’s and Kohl’s reported another quarter of shrinking sales that spooked investors, though the latest declines weren’t as deep as they have been in recent quarters.
WSJ.com: US Business

Amid Retail Funk, Macy’s Says ‘We’re Not Dead’

May 12, 2017 |

Macy’s troubles showed no sign of abating as the department store reported another quarter of falling sales, ahead of a flurry of results from other retailers battling similar problems with store traffic and online competition.
WSJ.com: US Business

Stocks slide even as oil prices rise; Macy’s sinks 12%

May 11, 2017 |

U.S. stocks were broadly lower in early trading Thursday as investors sized up the latest batch of earnings reports from retailers and other companies. Consumer-focused companies fell the most. Oil prices headed higher.

The Standard & Poor’s 500 index were down 13 points, or 0.5%, to 2,386 as of…


L.A. Times – Business

Macy’s Receives Takeover Approach From Hudson’s Bay

February 3, 2017 |

Canada’s Hudson’s Bay has approached Macy’s about a takeover, people familiar with the matter said, as the biggest U.S. department-store chain grapples with disappointing results and restive shareholders.
WSJ.com: US Business

Stocks fall as banks slump and Kohl’s and Macy’s dive

January 5, 2017 |

Stocks are slumping Thursday as interest rates drop and banks take sharp losses. Department stores and mall operators are tumbling as Macy’s and Kohl’s both plunged following weak holiday-season reports that led the chains to cut their profit forecasts. Macy’s also said it will eliminate 10,000…


L.A. Times – Business

Macy’s to close stores and cut more than 10,000 jobs

January 5, 2017 |

After a disappointing holiday season, Macy’s said it is cutting more than 10,000 jobs and going ahead with plans to close 68 stores — including locations in San Diego and Santa Barbara.

The department store chain reported Wednesday that same-store sales in November and December dropped 2.1% compared…


L.A. Times – Business