Latest Macy's Inc News

Retailers, shoppers could feel more pain if tariffs spread

May. 23, 2019 1:05 AM EDT

NEW YORK (AP) — An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the pain than others, leaving consumers to carry the load. Analysts say big box giants like Target and Walmart...

Department stores woes reflected in latest batch of results

May. 21, 2019 5:45 PM EDT

NEW YORK (AP) — The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl's and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year. Penney, which has been trying to turn around its business for several years after a disastrous...

Walmart warns that higher tariffs will mean higher prices

May. 16, 2019 4:04 PM EDT

NEW YORK (AP) — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation's largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine years. It marked 19 straight...

Asian stocks mixed on trade jitters, reported tariff delay

May. 15, 2019 11:26 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. On Wall Street, a promising update on the Trump administration's efforts to reach a trade deal with Canada and Mexico by Treasury...

Macy's warns customers could feel impact of trade war

May. 15, 2019 4:06 PM EDT

NEW YORK (AP) — Macy's customers may finally start to feel the impact of President Donald Trump's trade war with China. Like many department stores and general merchandise retailers, Macy's had been left largely unscathed by the first several rounds of tariffs since they focused more on industrial and...

Macy's unveils new store experience in 36 locations

Apr. 10, 2019 5:27 PM EDT

NEW YORK (AP) — A year after buying startup Story, Macy's is bringing the retail concept to life in 36 stores in 15 states including its Manhattan flagship. The concept, which curates merchandise around a theme and rotates every two months, comes at a time when department stores like Macy's are trying to...