The chain, which is 95 years old, is ramping up store closures this year as it struggles to revive its faltering business.
Macy’s just staged a fire sale to kick off the holidays – only ... As reported by The Post, the retail giant last week sold its department store at 422 Fulton St. to a syndicate of New York ...
After seeing a drop in in-store sales last quarter, Macy’s might make that up by selling off its real estate. The department store announced it expects to see $275 million in sales of its retail ...
Macy's is accelerating its plan to close underperforming stores by the end of the year. The company plans to shutter 65 stores after the holidays.
The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself — an untenable situation that masks the true value of the company. Macy’s struggles are making ...
US department store chain Macy's has announced an uptick in its closure strategy, revealing plans to cease operations at 65 locations within a year of the December 2024 announcement - an increase ...
Sales at the iconic department store chain - which also owns Bloomingdale's - fell by 2.4 percent in the quarter ending in November. Macy's also significantly lowered its expected earnings for 2024.
Those are just two of several changes the activist investor says are necessary to turn around Macy’s, which once established itself as a premier department store but has struggled to keep up ...
Macy’s, established in 1858, is the Great American Department Store—an iconic retailing brand over 740 stores operating coast-to-coast and online. Macy's offers a first-class selection of top fashion ...
Macy's, which launched a comprehensive strategy to revive its struggling business, on Wednesday announced that it is accelerating its planned store closures for the year. CEO Tony Spring told ...