Macy’s is in deep trouble. It could be sitting on a gold mine
5 days ago · The investors claim that Macy’s real estate, including its flagship store at Herald Square in New York City, is worth up to $9 billion on the open market, nearly double Macy’s …
Macy's closing 15 more stores by end of January 2025. Are any in …
1 day ago · Macy's stocks fell 1.3% Thursday morning and were down about 0.3% during midday trading, Fast Company reports. Spring said net sales totaled $4.7 billion, a 2.4% drop from last …
Macy's adds to list of store closures, says it will close 65 ... - CBS News
1 day ago · Macy's is accelerating store closures, with plans to shutter more than 50 locations. ... Get browser notifications for breaking news, live events, and exclusive reporting.
Macy’s Earnings Report Details Multimillion-Dollar Accounting …
4 days ago · Macy’s responded in a statement saying it was confident with its strategy and said it was “committed to delivering sustainable, profitable growth and driving shareholder value.”
Macy's confirms rogue employee hid $151 million in expenses ... - NBC News
4 days ago · Although $151 million is small relative to the $4.36 billion Macy's said it had tallied in overall delivery expenses during the period in question, it is more than the entire company's …
Macy's tightens financial controls after ... - Associated Press News
4 days ago · Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years. …
Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the …
Feb 27, 2024 · Strengthens the Macy’s Nameplate, Accelerates Luxury Growth and Simplifies and Modernizes End-to-End Operations. Focuses Macy's resources by closing approximately 150 …
Macy's to close 150 stores and will open new ... - Associated Press News
Feb 27, 2024 · Macy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end. The company made the announcement Tuesday after posting a …
Macy’s is laying off workers and closing five stores - CNN
Jan 18, 2024 · Veteran department-store chain Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail …
Macy’s Will Close 150 Stores but Expand ... - The New York Times
Feb 27, 2024 · Macy’s said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy’s stores over the next three years while expanding its …