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Macy's earned $28 million, or 10 cents per share, for the three-month period ended Nov. 2. That compares with $41 million, or 15 cents per share in the year-ago period.
Macy's reported preliminary third-quarter results Monday, with net sales decreasing 2.4% to $4.7 billion. Macy's comparable sales were down 2.4% in company-owned stores, excluding cosmetics.
Good morning. Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices to hide well over $100 million in expenses.
On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
On August 30, 2005, the division was dissolved and operation of the stores was assumed by Federated's Macy's West and Macy's South divisions. Foley's operated stores in Arizona, New Mexico, Colorado, Oklahoma, Texas and Louisiana. On September 9, 2006 Foley's and all the regional May Co. stores names were phased out and rebranded as Macy's. [2]
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Macy's is closing more stores than it originally announced earlier this year.. According to the company's third quarter earnings report, the department store chain is expected to close 65 ...
If the opponent's piece was touched, it must be captured if it can be captured with a legal move. If the touched piece cannot be legally moved or captured, there is no penalty. This is a rule of chess that is enforced in all formal over-the-board competitions. A player claiming a touch-move violation must do so before themselves touching a ...