Latest Macy's Inc News

'They're on,' Trump says of tariffs set to kick in on Sunday

Aug. 31, 2019 9:49 AM EDT

WASHINGTON (AP) — Expect a direct hit on many U.S. consumers from President Donald Trump's latest round of tariffs on Chinese imports. He had no intention of pulling back on import taxes set to kick in Sunday. "They're on. They're on," the president told reporters Friday before departing for a weekend stay...

Latest Trump tariffs could hit consumers with higher prices

Aug. 31, 2019 2:02 AM EDT

WASHINGTON (AP) — President Donald Trump's latest round of tariffs on Chinese imports is likely to deliver a direct hit on many consumers, who were largely spared from higher prices in his previous rounds of import taxes. Beginning Sunday, the U.S. government will begin collecting 15% tariffs on $112...

Retailers' results show sharp divide between losers, winners

Aug. 21, 2019 4:55 PM EDT

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...

Target thrives in intense retail environment

Aug. 21, 2019 8:42 AM EDT

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure...

Execs starting to worry about tariffs' effects on consumers

Aug. 20, 2019 4:38 PM EDT

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday, when it reported...

Department stores make room for used fashion

Aug. 20, 2019 4:02 AM EDT

NEW YORK (AP) — Out with the new and in with the old. As department stores watch their customers flock to second-hand stores, some are trying to bring them back by partnering with online resale sites. Last week, J.C. Penney and Macy's announced a pilot program to set aside sections inside a few dozen of...

Asian shares mostly rise after Wall Street rally on Huawei

Aug. 20, 2019 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the trade war...

Estee Lauder, Nordstrom and Aramark rise while PG&E falls

Aug. 19, 2019 4:37 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: The Estee Lauder Companies Inc., up $22.43 to $201.65 The beauty products company blew past Wall Street's fiscal fourth quarter expectations and gave investors a solid profit forecast. Nvidia Corp., up $11.22 to $170.78 Chipmakers...

JCPenney halves losses, will begin selling used clothing

Aug. 15, 2019 12:06 PM EDT

Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales. Retailers have been searching for ways to get people back into its stores in the decade since the global economic downturn altered...

US retail sales rise strongly in sign of consumer optimism

Aug. 15, 2019 10:41 AM EDT

WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in June,...