Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the …
WEBFebruary 27, 2024. Strengthens the Macy’s Nameplate, Accelerates Luxury Growth and Simplifies and Modernizes End-to-End Operations. Focuses Macy's resources by closing approximately 150 underproductive locations through 2026. Prioritizes Macy’s investments in approximately 350 go-forward locations.
Macy's to cut more than 2,300 jobs and close five stores - NBC News
WEBJan 19, 2024 · By Melissa Repko, CNBC. Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn ...
Macy's to close 150 stores and will open new ... - Associated Press News
WEBFeb 27, 2024 · Macy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end. The company made the announcement Tuesday after posting a fourth-quarter loss and declining sales.
Macy’s Will Close 150 Stores but Expand ... - The New York Times
WEBFeb 27, 2024 · Macy’s said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy’s stores over the next three years while expanding its upscale Bloomingdale’s and...
Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
WEBJan 22, 2024 · Macy’s rejected a $5.8 billion takeover bid late Sunday that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday, but suggested it was...
Macy’s Reports Another Drop in Sales but Sees ‘Traction’ in …
WEBMay 21, 2024 · Macy’s, the largest department store chain in the United States, reported a decline in sales Tuesday for the first quarter of the year, a sign that American shoppers were continuing to pull...
Macy's ends buyout talks with Arkhouse and Brigade after ... - NBC News
WEBJul 15, 2024 · Department store Macy’s said Monday its board has unanimously decided to end negotiations with the activist group that had been looking to take the retailer private for roughly $6.9 billion,...
Macy's is closing 150 stores nationwide - NBC News
WEBFeb 27, 2024 · Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus on luxury sales.
Macy’s shares soar on report of buyout offer | CNN Business
WEBDec 11, 2023 · Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.
Macy's CEO Tony Spring takes over for Jeff Gennette
WEBFeb 4, 2024 · Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024 ...