Macy’s to Shutter 150 Stores Across U.S. in Huge Reorganization
Macy’s announced Tuesday that it plans to close about 150 stores across the United States as it reorganizes and refocuses its business. company explained NBC News reports that the plan is to close “less productive” stores to focus on selling luxury goods. “The closures will leave approximately 350 Macy’s stores, as well as Bloomingdale’s and […]
Macy’s to close 150 stores â 30% of chain â as new CEO takes helm
Macy’s has announced it will close 150 stores, or about 30% of its American chain, as the department store giant increases its focus on luxury goods under a new chief executive. The company said in a Tuesday filing that the planned closures over the next three years will free up up to $750 million worth […]
Macy’s to close 150 stores by 2026, open new Bloomingdale’s, Bluemercury locations
Ted Oakley, managing partner at Oxbow Advisors, weighs projected earnings, Fed interest rates and a possible Congressional ban on shopping app Temu. Macy’s plans to close about 150 stores over the next three years as part of a strategic shift to focus on upscale chains Bloomingdale’s and Blue Mercury. The company publicly announced the change […]
Mayhem in Bay Area retail stores continues as suspect lights rolls of paper towels on fire at Target, causing $1M in damages
A Target in California’s Bay Area was temporarily closed after a suspected arsonist set fire to stocked rolls of paper towels over the weekend, in a state already plagued by retail crime. causing further confusion in the area. Around 3 p.m. Saturday, firefighters received multiple calls about a fire inside a Target store in Vallejo, […]
More than 400 Starbucks workers at 21 stores seek to join union
More than 400 employees at 21 Starbucks stores filed a petition with the National Labor Relations Board (NLRB) on Tuesday asking them to join the Starbucks union. This is the largest single-day filing by Starbucks workers since the unionization drive began in 2021, the union said in a statement. in letter Workers told Starbucks CEO […]
Man in kilt arrested for allegedly shoving items up his rectum and returning them to shelves at antique stores
Texas man wearing kilt arrested by several shoppers reported seeing He picked up items at two antique stores, shoved them into his rectum, and then put them back on the store shelves. Harris County Officer Mark Herman said in a Facebook post that his department heard from several concerned residents about a man wearing a […]
Not just California: Memphis area sports apparel stores terrorized by brazen shoplifting gang
By now it was a familiar sight: a group of seven men. went into a clothing store On Thursday, he robbed a store in broad daylight while wearing a face covering and left with an arm full of merchandise while the store was still open. But this incident happened last week in Memphis, not San […]
New York stores are now required to post the extra charges for paying with a credit card – Yahoo Canada Finance
ALBANY, N.Y. (AP) — Under a new state law that took effect Sunday, New York businesses are now required to clearly post how much their products will cost if customers pay with a credit card. There is. Under the Consumer Protection Act, stores will no longer be able to post signs on their doors or […]
Department Stores Face Pressure From Credit Card Challenges – PYMNTS.com
The changing landscape surrounding credit cards could pose challenges for department stores. retailer preferences Macy’s and nordstrom We are dealing with a pair of Card-related threats The Wall Street Journal reported their final results on Wednesday (February 7). The first is a proposal from the side. Consumer Financial Protection Bureau The second is the reduction […]
Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots
Tom Gimbel, founder and CEO of LaSalle Networks, examines the state of the U.S. economy and reacts to the January jobs report. — Facebook parent company Meta pays surprising dividend, stock price soars — Social media CEOs skewered on Capitol Hill over child abuse — Tesla CEO Elon Musk retaliates after judge shoots him $56 […]