MACY’S customers can look forward to a whole new shopping experience as the retailer introduces a mini version of its department stores. The new Market by Macy’s only opened last weekend, but shoppers are already predicting its demise. 2 Macy’s has opened another of its small concept storesPhoto credit: AP:Associated Press 2 The new mini-store […]
The claim that the decline of American buyers is exaggerated. New quarterly reports and other data show that Consumers still spendThey are just much more cautious – and prefer large retailers. Inflation coolsto the point that The Federal Reserve is widely expected to cut interest rates next month. High mortgage interest ratesdriven by the Fed, […]
Macy’s (M) reported another quarter of declining sales, a month after the company rejected a $6.9 billion takeover offer. On Wednesday, Macy’s reported a 3.8 percent year-over-year decline in net sales to $4.9 billion, below estimates of $5.06 billion. Store sales fell 4 percent, even more than the expected 0.27 percent decline. The company’s shares […]
Hello, Quartz members, and welcome to Sunday Reads! Who will soon forget the week Elon Musk interviewed Donald Trump on X after 48 minutes of technical glitches? Not to mention Starbucks kicking out its CEO like a cold Venti. Medicare patients could save $1.5 billion on 10 prescription drugs But it’s Sunday, and time to […]
Tips for shopping in store to avoid crowds If you don’t like shopping online, here are some tips for shopping in-store. Problem solved, problem solved Rookwood Commons & Pavilion has further enhanced its shopping experience. The new small Macy’s store in the Norwood mall will celebrate its grand opening on Saturday, August 24, according to […]
Macy’s is closing its stores as both department stores and shopping malls are shrinking. Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of these changes may surprise buyers. The retailer announced in late February that it plans to close about 150 of […]
Which well-known retail stores have filed for bankruptcy? Red Lobster, Walgreens, Rite Aid and many other retailers are struggling with deteriorating financial conditions. It’s been a year of empty parking lots and signs in windows. Large restaurant and retail chains have tightened their belts to avoid financial losses and have closed “bad” locations as part […]
TRANSCRIPT: This transcript has been edited for length and clarity. Luis Hernández: With me now is Katie Castellani, reporter with the Providence Business News. Katie, it’s a great pleasure. Thank you very much. Katie Castellani: Yes, thank you for letting me be here. Hernández: There is conflicting information about the future of the Macy’s location […]
MACY’S is considering closing a store in a major downtown area as part of a mass closure. The company plans to close around 150 stores, and a store in California may be at risk of closure. 1 The location is rumored to be next to a basketball arenaPhoto credit: San Francisco Chronicle via Gett According […]
