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Macy's has been struggling with flagging sales as consumers increasingly turn from physical retail to e-commerce. In Q2, its sales dropped 3.8% to $4.9 billion while same-store sales declined 4% ...
Same-store sales climbed 1.9% at the 50 locations that Macy's is prioritizing. The company expects fourth quarter net sales to come in between $7.8 billion and $8 billion, compared to $8.12 ...
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 locations ...
Macy's is reporting another quarter of declining sales, a month after turning down a $6.9 billion buyout offer.On Wednesday, Macy's reported a 3.8% year-over-year decline in net sales to $4.9 ...
Department store chains have seen few takers for men's apparel, home decor goods and accessories such as handbags, forcin Macy's forecasts sales hit from steep promotions, uneven demand Skip to ...
While the firms expressed optimism about Macy’s previously announced "Bold New Chapter" initiative to shutter 150 unproductive Macy’s locations by 2026’s year-end, they argued the department ...
It said net sales fell by 5.5 percent in 2023, to $23.1 billion. ... The parent company ended the year with 435 Macy's department stores and 45 furniture stores. ... About our Ads;
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...