Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Macy's

Macy's stories: 13 news summaries

 Macy's Slashes 7K Jobs 

Job cuts, dividend reduction could save retailer $410M

Feb 2, 09 12:50 PM CST
(AP) - Macy's said today it will cut 7,000 jobs, or 4% of its work force, and slash its dividend as it looks to lower expenses. The Cincinnati-based retailer says the reduction includes positions in offices, stores, and other locations. The cuts will include some unfilled jobs. Macy's anticipates the reductions... More »

MORE ABOUT:
layoffs • Macy's • unemployment • dividend • financial crisis

RETAIL SALES

 No Christmas  
 Miracle for Retailers 


Even luxury sector sales in free fall

Dec 26, 08 1:57 AM CST
(Newser) - It was a bleak Christmas and promises to be a less than prosperous New Year for retailers with consumers tightening their belts and spending less, reports the Wall Street Journal. Retail sales dropped 5.5% in November and 8% in December, compared with the same months last year. Luxury goods,... More »

MORE ABOUT:
recession • Macy's • luxury goods • holiday • retail sales • Christmas • Neiman Marcus • Victoria's Secret • MasterCard Advisors • Circuit City • e-commerce • gasoline prices • ShopperTrak RCT Corp. • J.C. Penney Co

 Desperate Retailers Offer 
 24-Hour Shopping 

More stores are extending hours to catch last-minute shoppers, night owls

Dec 22, 08 7:51 AM CST
(Newser) - With the holiday shopping season on track to be the worst in decades, more struggling retailers like Toys "R" Us, Macy's, and Wal-Mart are opting to keep their doors open 24 hours the last few days, hoping to entice last-minute shoppers and night-owls, reports the Wall Street Journal. "... More »

MORE ABOUT:
Macy's • Toys 'R' Us • holiday shopping • Wal-Mart • L.L. Bean

MARKETS

 Dow Sinks 411 on Bad News 

Nasdaq below 1,500 for first time in 5 years

Nov 12, 08 3:30 PM CST
(Newser) - Stocks plunged again today as another wave of poor earning reports soured investor sentiment, the Wall Street Journal reports. Henry Paulson's announcement of yet another new direction for the federal bailout failed to inspire confidence as the Dow closed down 411.30 points at 8,283. The Nasdaq lost 81.... More »

MORE ABOUT:
Starbucks • Dow Jones • Macy's • Nasdaq • Best Buy • S&P 500 • hedge funds

Worried Retailers Call All-Out, and Earlier, Holiday Blitz

Analysts see sales beginning before Thanksgiving in sour economy

Sep 29, 08 10:47 AM CDT
(Newser) - Holiday displays already are popping up—and they’re likely to increase in number and urgency as retailers try to spruce up what’s likely to be the worst Christmas shopping season in years, reports Advertising Age. With 5 fewer days than last year because of a late Thanksgiving, retailers... More »

MORE ABOUT:
Macy's • Victoria's Secret • National Retail Federation • Kohl's • retail businesses

Kickball 'Pirate' Busted With Sword at Macy's

It's just a 'prop,' says not-too-sharp shopper

May 26, 08 5:50 AM CDT
(Newser) - A knuckle-headed player for a local "Pirates" kickball team was busted at Macy's in Manhattan yesterday for sporting an actual swashbuckler's sword, reports the New York Post. The 29-year-old player told police the sword was a "prop" he was taking to a game—but cops were not amused.... More »

MORE ABOUT:
Macy's • pirates • sword

Markets

 Stocks Fall on Consumer Data 

Weekly losses for Dow and S&P

Mar 28, 08 3:47 PM CDT
(Newser) - Stocks erased morning gains on poor consumer spending news to wrap up today's session in negative territory. The Dow and the S&P 500 racked up weekly losses of 1.2% and 1.1%, Bloomberg reports. The Dow fell 86.38 today to close at 12,216.08. The Nasdaq... More »

MORE ABOUT:
New York Stock Exchange • JCPenney • Dow Jones • Macy's • Nasdaq • Department of Commerce • S&P 500

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

Mar 6, 08 10:47 AM CST
(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating... More »

MORE ABOUT:
retail • Costco • JCPenney • Sam's Club • Macy's • consumer spending • Home Depot • retail sales • Target • Victoria's Secret • Sears • National Retail Federation • Wal-Mart • Abercrombie & Fitch • American Eagle • BJ's Wholesale Club • Thomson Financial Same Store Sales Index • Kohl's • Saks • Gap • Banana Republic • Limited • Buckle • Pacific Sunwear • Wet Seal • Aeropostale

Retailers Await Last-Minute Gift From Shoppers

Procrastinators find
big sales, long lines

Dec 24, 07 9:17 AM CST
(Newser) - Last-minute shoppers navigated long lines over the final pre-Christmas weekend, nudging retailers toward the modest growth in sales they’d expected. Deep discounts cut into profits, but retailers like Macy's and Kmart stayed open around the clock to accommodate shoppers, the Wall Street Journal reports. “The procrastinators finally got... More »

MORE ABOUT:
online retailers • Macy's • retail sales • Christmas • holiday shopping • discounts • Best Buy • Kmart

Macy's Vows to Revive Chicago Flagship

Expert has three years to revive former Marshall Fields

Nov 19, 07 10:44 PM CST
(Newser) - Macy's is changing course to revive Chicago's former Marshall Field's, a downtown fixture that was struggling when Macy's took over last year and has only done worse since, the Chicago Tribune reports. The solution? A $10-million, three-year plan to draw new shoppers into a 139-year-old institution they may have considered... More »

MORE ABOUT:
Chicago • Macy's • retail sales • Marshall Field's • department stores

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

Nov 9, 07 3:44 PM CST
(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,... More »

MORE ABOUT:
Google • Dow Jones • Apple • earnings reports • Macy's • Nasdaq • Target • tech sector • Qualcomm • S&P 500

Martha Uncorks Wine Venture

Home diva teams up with California winemaker to market $15 bottles

Sep 16, 07 3:49 PM CDT
(Newser) - Martha's Stewart's next move might sound a little tipsy. The home diva is teaming with California wine magnate Gallo to launch Martha Stewart Vintage, which will distribute $15 bottles of Sonoma County chardonnay, cab, and merlot. The initial 15,000 cases will be released in cities where Stewart has a... More »

MORE ABOUT:
Costco • wine • Martha Stewart • Macy's • Gallo

$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman
considering offer

Jul 19, 07 4:50 AM CDT
(Newser) - Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg. Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a 30% premium on Wednesday's close,... More »

MORE ABOUT:
private equity • Goldman Sachs • Kohlberg Kravis Roberts • KKR • acquisition • Macy's • buyout

13 Stories


from our news partners