Why Macy's is closing 150 department stores
The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.
Macy's
It's peak shopping — and shoplifting — season. Cops are stepping up antitheft tactics
Merchants say retail thefts have become more frequent and brazen. Law enforcement is now putting more money into things like store stakeouts and task forces that track organized retail crime rings.
You Can Once Again Watch The Macy's Thanksgiving Day Parade In Person This Year
Last year's parade was a virtual event with no crowds. Several precautions will be in place this year, including a requirement that parade volunteers be vaccinated and wear face coverings.
Macy's Sees A $1.1 Billion Loss, While Pandemic Lifts 'Essential' Stores Like Walmart
Temporary store closures during the pandemic hammered nonessential retailers, including Kohl's, T.J. Maxx and Victoria's Secret. Shoppers also dramatically cut back on buying clothes.
Macy's Furloughs Most Of Its 130,000 Workers
Citing the pandemic's "heavy toll" on its business, Macy's says it's furloughing the majority of its employees. Its stores have been closed since March 18 and there's no sign when they will reopen.
Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle
The cuts and closures are part of the Macy's attempt to stabilize its finances and rethink its future. It's also trying out smaller stores outside of malls
Morning News Briefs: Wednesday, January 8th, 2020
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Macy's To Close Hanes Mall Store But Not Greensboro Location
The retail chain Macy's is scaling back, and the Winston-Salem location is among the stores that will close this year.
Santa Will See You Now, But You'll Need A Reservation First
In a bid to cut down on wait times, Macy's flagship store at Herald Square in Manhattan is now requiring reservations for children to meet Santa.
Macy's To Close Stores, Cut Jobs Amid Weak Holiday Sales
The department store chain says it's eliminating more than 10,000 jobs and will proceed with plans to close 68 stores that are part of 100 closings announced in August.