Copyright 2024 The Associated Press. All Rights Reserved. People watch from inside as a Macy’s float passes during the Macy’s Thanksgiving Day parade, Nov. 28 ...
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.
Macy’s is, as of this week, once again facing a challenge from activist shareholders. Among other demands, those firms say they would like the department store to pull back on its capital ...
Shoppers exit a Macy's department store in Las Vegas on Sunday, Nov. 7, 2021. During the early stages of the investigation, Macy's initially estimated that the hidden erroneous accounting accrual ...
Macy’s is facing calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors, Barington Capital Group and Thor Equities, took issue ...
And in February, Macy’s CEO Tony Spring announced the department store would shrink its retail footprint by 25 percent and close about 150 of its 502 stores over the next three years to regain its ...