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The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.
Many of the locations that are set to close are located near other Macy’s locations, meaning some workers could transfer, according to Bloomberg. “The department store sector is half the size ...
Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers.
Macy's on Tuesday said it plans to close roughly 150 underperforming stores over the next three years, the struggling retailer's latest effort to energize its business as it seeks to fend off a ...
Macy’s announced it was laying off about 3.5% of its workforce (around 2,350 employees) and closing five stores. The "Bold ...
Executive Editor David Carnoy has been a leading member of CNET's Reviews team since 2000. He covers the gamut of gadgets and is a notable reviewer of mobile accessories and portable audio ...
That's more than Americans spend on dining out ($3,675 ... Albertsons and other big-name grocers. Many top grocery credit cards also offer introductory interest-free periods, giving you some ...
With the advent of the Netflix Top 10, though, we can now get at least one little peek behind the curtain. The list of Netflix’s daily Top 10 Most Popular indicates an omnivorous appetite among ...
Gold is the No. 1 pick in commodities markets for JPMorgan Chase & Co. and the price has the potential to reach $2,500 an ounce this year, according to the bank’s global head of commodities ...
“We believe paring down the Macy’s store base to a more manageable (and profitable) size is prudent given the general structural shift towards online spending” and the shift away from ...