A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images As inflation threatens to weigh on consumer demand, particularly among low-to-mi...
Tag: Macy's Inc
Levi Strauss & Co. (LEVI) reports Q1 2022 earnings beat
An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Denim retailer ...
Nordstrom leadership reclaims oversight of struggling Rack business
Nordstrom Rack in downtown Seattle Getty Images Nordstrom on Monday announced it is streamlining leadership of its struggling Rack business with that of its full-line department stores, as two executi...
Last week’s rally is a reminder to watch for a bounce during market downturns, Jim Cramer says
The stock market’s recovery last week is proof that investors should always watch for bounce, even when all seems hopeless, CNBC’s Jim Cramer said Monday. “The most important lesson ...
Macy’s overhauls its website and trains personal stylists
Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s is preparing to overhaul its website and train some of its workforce to be personal stylists in a bid to win more custom...
Retail sales will grow this year, but at a slower rate than in 2021, trade group says
Miami, Florida, Brickell City Centre shopping mall with Apple Store, Chanel and escalators. Jeff Greenberg | Universal Images Group | Getty Images Retail sales in the U.S. are expected to grow between...
American consumer still healthy, but lower-income shoppers at risk
Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still he...
Kohl’s (KSS) issues long-term financial targets at investor day 2022
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s, facing activist pressure to consi...
Cramer cautions investors to avoid these 4 retail stocks that recently went public
CNBC’s Jim Cramer on Friday provided a list of four newly public retail stocks investors should stay away from. The “Mad Money” host said that as companies that went public in the la...
Walmart rolls out virtual fitting room to help shoppers find clothes
Walmart debuted Choose My Model, a feature that allows shoppers to see how clothing would look on a person with a similar height, shape and skin tone. The technology is powered by Zeekit, a start-up t...
Nordstrom shares soar as it makes progress but still has ways to go
Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Nordstrom shares are soaring after the department store chain offered up ...
Home Depot, Tempur Sealy, SoFi, Houghton Mifflin and more
People shop at a home improvement store in Bethesda, Maryland, on February 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday. Home Depot — S...
Here’s why Macy’s isn’t splitting its online business from its stores
Macy’s isn’t breaking up after all. On Tuesday, the department store chain affirmed that it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two...
Macy’s (M) reports Q4 2021 earnings beat
People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported fiscal fourth-quarter earnings and sale...
Home Depot, Macy’s, Medtronic and others
Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer’s stock rose 1% in the premarket after its quarterly profit and revenue beat Wall Street...
Roblox, Shopify, Upstart and more
In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Check out the companies making headlines in midday trading...
Activist Macellum seeks to take control of Kohl’s board, nominates 10 directors
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Activist group Macellum has amplified the pressure on Kohl’...
Ulta Beauty CEO says it’s not enough to put Black-owned brands on shelves
Ulta Beauty CEO Dave Kimbell said it is not enough for stores to put Black-owned brands on shelves. Instead, he said, the retailer wants to make sure those brands gain a fan following and ultimately, ...
Lowe’s will open mini Petco shops inside some stores
Lowe’s is opening Petco shops inside of some of its stores as part of a pilot program. It plans to open the first one in Texas in February. Source: Petco Lowe’s will soon test a new offeri...
Macellum asks for Kohl’s board seat and for Kohl’s to explore a sale
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now i...
Retail industry presses ahead with conference, tries to nudge normalcy
Visitors enter the venue at The NRF 2020 Vision: Retail’s Big Show, held in New York, the United States, Jan. 12, 2020. Wang Ying | Xinhua News Agency | Getty Images “The Big Show will go ...
Inflation fuels holiday online sales to record $204 billion: Adobe
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Sega...
Retailers see staffing challenges as omicron rages, sales taking a hit
A “now hiring” sign is posted on an Urban Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Retail executives presenting at the virtual ICR Conference this we...
Empty grocery shelves return as sick employees, supply chain delays collide
Bread aisle shelves at a Target are seen nearly empty as the U.S. continues to experience supply chain disruptions in Washington, U.S., January 9, 2022. Sarah Silbiger | Reuters Empty shelves have ret...
Lululemon says sees fourth-quarter earnings, sales hurt due to omicron
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon shares fell in premarke...
Omicron compounds worker shortage, supply chain woes for retailers
Source: Lauren Thomas, CNBC Slashing store hours, temporarily shuttering locations and sending apology letters to customers for long lines and delayed appointments. These are the some of the unusual s...
A map of where the stores are
Macy’s has released a list of the handful of department stores that it plans to close this year. It includes six full-line department stores, a Bloomingdale’s outlet store, and a Macy̵...
Walmart cuts paid leave in half, as CDC guidance changes
An employee scans grocery items for pickup order at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Walmart is cutting pandem...
Omicron variant likely to fuel inflation, as Americans keep shopping, economist says
damircudic | E+ | Getty Images The spread of the highly infectious omicron variant is likely to fuel more inflation, as Americans keep shopping instead of spending more outside of the home, according ...
Macy’s cuts store hours at all of its stores as Covid cases spike
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s is shortening store hours for the rest of the month as coronavirus cases spike in the United Sta...
Bed Bath & Beyond’s wedding registry business is slipping, survey finds
Vstock LLC | VStock | Getty Images More engaged couples are skipping Bed Bath & Beyond and signing up for wedding registries at Amazon and Target instead, according to a recent survey by Baird. Be...