All posts tagged "Macy’s"
As Online Shopping Intensifies, Outlook Dims for Mall Stores
U.S. April sales increase 10.7% for non-store retailers
- Posted May 14, 2016
US Stocks Slip After Unemployment Claims Rise; Tech Slumps
Retailers got more bad news as department store Kohl's reported disappointing first-quarter results
- Posted May 12, 2016
Macy’s Struggles Go On … Outlook Slashed
First-quarter income tumbled 40% and revenue fell 7.4%, sending shares down 10% in early trading Wednesday.
- Posted May 11, 2016
Nordstrom to Cut from 350 to 400 Jobs
Says it's first looking at closing unfilled open positions
- Posted April 18, 2016
Companies Lose Billions Buying Back their Own Stock
NEW YORK – If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: Companies...
- Posted February 9, 2016
Starboard Pushes Macy’s to Enter Real Estate Deals
NEW YORK – Activist investor Starboard Value wants Macy’s to tap the value of its real estate assets by splitting them off into separate companies. Starboard’s plan published Monday urges the department store operator to create two...
- Posted January 11, 2016
Job Cuts at Macy’s Signal Hard Times Ahead for Retailers
NEW YORK – Macy’s is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores. The nation’s largest department store chain,...
- Posted January 7, 2016
Macy’s to Cut up to 4,800 Jobs after Weak Holiday Sales
NEW YORK – Macy’s is cutting up to 4,800 jobs and has slashed its profit outlook after a miserable holiday season. The nation’s largest department store chain, which also operates upscale Bloomingdale’s, said about 2,110 of the...
- Posted January 6, 2016