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 […]
Stocks sink after jobs miss, Trump-Harris tax plans, home retailer closing all stores
Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans. U.S. employment grew in August, but not as much as economists expected. Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this […]
Democrat-Run New York Mandates Useless Retailer Panic Buttons
Governor Kathy Hawke (D-NY) just signed a stupid law requiring some retailers to install panic buttons for store employees. But, but, I hear that crime is decreasing in America! But, but, people like me are constantly being told we are exaggerating the crime that is ravaging Democrat-run cities! The panic button will be triggered if […]
Nordstrom family offers $3.8B to take upscale retailer private
The Nordstrom family has offered $3.8 billion to take the company private, a sharp drop from the offer they made six years ago as mall traffic dwindled and department stores continued to take a hit. Brothers Eric Nordstrom, CEO and Pete Nordstrom's president, are partnering with Mexican department store chain El Puerto de Liverpool to […]
Macy’s slashes sales outlook; retailer struggles for cash-strapped shoppers
Iconic department store Macy’s Inc. slashed its annual sales outlook after disappointing second-quarter earnings as it struggles to attract customers hit by inflation. Macy’s shares fell 13 percent on Wednesday to $15.45. Retailers were forced to lower prices on mid- to high-end items and offer more promotions to compete with more affordable rivals, but sales […]
RV retailer Camping World defies order by California officials to take down giant American flag
A major RV dealer has been ordered to remove its giant American flag, but the dealer has ignored the order from California state authorities. Camping World RV Sales, located in French Camp, California, about 80 miles east of San Francisco, had a giant American flag flying above its dealership until April, when county officials ordered […]
Discount Retailer Plans To Close Up To 315 Stores
The Pro Trump News home page features 60 new headlines every 24 hours, click here to see them. Big Lots plans to close up to 315 stores across the United States. CBS News reported: Struggling discount retailer Big Lots plans to close up to 315 stores nationwide, it said in a regulatory filing. In addition […]
Discount retailer Big Lots plans to shutter more than 300 stores
Ohio-based discount retailer Big Lots, which operates about 1,400 stores nationwide, plans to close up to 315 stores in about 30 states as prolonged high inflation drives away customers and puts the company on the brink of bankruptcy. The company filed documents with the Securities and Exchange Commission outlining the terms of its renewed loan […]
Home goods retailer Conn’s files for bankruptcy, closing over 70 stores
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several stores. The company announced it would close more than 70 HomePlus stores across 13 states. Corns filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business has […]
TV sales for Euro 2024 help triple profits at retailer AO World | AO World
Online electrical goods retailer AO World saw its profits almost triple, helped by a surge in tumble dryer sales during a wet winter and strong Euro 2024 TV sales. Revenues at the retailer, which sells 15% of household appliances in the UK, have also been boosted by the continued popularity of air fryers, which it […]