NY 17-year-old stabbed teen inside Long Island Macy’s: cops
Police have announced that a fierce quarrel has occurred in the Long Island Macy's store, and a teen boy with a knife has been charged with festing for another young man. According to the Nasso County Police, the two -year -old boy's argument that occurred in the valley stream's Green Achers Mall department store was […]
Taxi slams into multiple pedestrians outside NYC Macy’s on Christmas Day
A taxi driver with a possible medical episode struck multiple pedestrians, including a 9-year-old boy, in Herald Square on Wednesday afternoon, police and sources said. Police said the Christmas Day disturbance occurred outside the Macy's store at 34th Street and Sixth Avenue just after 4 p.m. Six victims were injured, two were taken to Weill […]
How Macy’s can turn around its business amid struggles
Activist investor Barrington Capital says Macy's needs to reignite its creativity by offering more exciting products in its stores and hosting engaging events to lure younger generations back. These are among several changes that activist investors say are needed to turn around Macy's, which once established itself as a premier department store but has struggled […]
Macy’s To Close 65 Stores After Christmas
Macy's announced Wednesday that it will close 65 more stores after the Christmas holiday. The move by the major retailer to close dozens of stores comes as part of a plan to eliminate 150 underperforming stores over the next three years. According to Go to CBS News. Macy's opened its first store 175 years ago. […]
Macy’s to Close 150 Locations After Sales, Shares Drop
Macy's, a major US department store chain, plans to close 65 stores by the end of 2024, and a total of 150 stores over the next three years. Wednesday, Q3 2024 Financial report“We expect to close approximately 65 stores this year, which is higher than our prior expectations of 55 stores and 50 stores at […]
Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain: report
Macy's investigation into accounting issues found that fraudulent employees hid more than $151 million in expenses to hide bookkeeping errors and were not motivated by personal or financial gain, according to the report. announced that it had been found. News of the accounting cover-up in late November delayed the company's quarterly earnings report, and its […]
Macy’s activist investors want the retailer to make significant changes
See what's being clicked on FoxBusiness.com. Macy's is facing pressure from two activist investors to make a number of changes to the department store chain. Activist investors Barrington Capital Group and So Equities took issue with Macy's capital allocation strategy in a presentation Monday, at the same time that the department store chain is considering […]
Macy’s unloads Brooklyn store for rock-bottom price of $23M: sources
Macy's just kicked off the holiday season with a fire sale, but this time, the only discount was on some real estate in downtown Brooklyn, the Post reported. As the Post reported, the retail giant sold its department store at 422 Fulton Street last week to a syndicate of New York real estate investors, who […]
Activist investor pushes Macy’s to expand Bloomingdale’s business, create real-estate unit
Activist investor Barrington Capital unveiled its investment in Macy's on Monday, urging the retailer to explore options for its Bloomingdale's and Bluemercury businesses and create a separate real estate division within the company. Macy's stock rose 4% Monday morning. The exact size of Barrington's within Macy's is unknown. Barrington partnered with real estate firm Thor […]
Macy’s Brooklyn store could be next home for family-friendly attractions after sale
The longtime home of Macy's in Brooklyn will soon be home to companies like Netflix, Universal and Lego, according to leaders of the partnership that just bought the four-story, 440,000-square-foot property at 422 Fulton Street. It has the potential to become a showplace for experiential entertainment retail. United American Land founder and CEO Albert Labos […]
