Macy's

Macy's says an employee hid as much as $154 million in expenses

11:44am November 25, 2024

The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error forced the company to delay reporting its third-quarter results.

Shoppers walk by a sign for the Macy's department store at a mall in Long Island, N.Y.

National

Why Macy's is closing 150 department stores

1:23pm February 27, 2024

by Alina Selyukh

The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.

Sgt Casey Hiam of the Bellevue. WA police department on an anti-shoplifting stakeout operation during the holiday shopping season

National

It's peak shopping — and shoplifting — season. Cops are stepping up antitheft tactics

5:01am November 29, 2023

by Martin Kaste

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.

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The 94th annual Macy's Thanksgiving Day Parade was held in a modified version on Nov. 26 in New York City. Macy's said the 2021 parade will include new precautions as in-person viewing resumes in Manhattan.

You Can Once Again Watch The Macy's Thanksgiving Day Parade In Person This Year

3:11pm September 08, 2021

by Jonathan Franklin

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.

A man walks past mannequins in the windows of a Macy's store in Boston on April 15. The company said its online sales started growing in April, but they "only partially offset" the losses from its stores.

National

Macy's Sees A $1.1 Billion Loss, While Pandemic Lifts 'Essential' Stores Like Walmart

2:55pm May 21, 2020

by Alina Selyukh

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.

An empty parking lot surrounds the Macy's at the Roosevelt Field Mall on March 20 in East Garden City, N.Y. The retail chain had previously announced plans to close about 125 stores over the next three years.

Macy's Furloughs Most Of Its 130,000 Workers

12:58pm March 30, 2020

by Avie Schneider

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 is cutting 2,000 jobs and closing about 125 stores, such as this one in Seattle, the company announced Tuesday.

Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle

2:28pm February 05, 2020

by Jordan Pascale

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