Latest Macy's Inc News

FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier.  (AP Photo/John Minchillo, File)

Target, like other retailers, did not have a Merry Christmas

Jan. 15, 2020 1:06 PM EST

Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong. Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the previous year....

FILE - In this Nov. 29, 2019, file photo customers walk outside of a Kohl's store in Colma, Calif. Mall-based retailers J.C. Penney, Kohl's and Victoria's Secret parent reported sales declines for the holiday season, underscoring  continued challenges ahead from online rivals. (AP Photo/Jeff Chiu, File)

Kohl's, Penney report holiday sales declines

Jan. 9, 2020 1:28 PM EST

NEW YORK (AP) — Mall-based retailers J.C. Penney, Kohl's and Victoria's Secret parent reported sales declines for the holiday season, underscoring continued challenges ahead from online rivals and other low-price competitors. The reports, issued Thursday, come one day after Macy's reported a small decline...

FILE - In this Tuesday, Nov. 5, 2019 file photo shoppers browse the Holiday Lane section at the Macy's flagship store, in New York. Macy's is closing nearly 30 stores in coming weeks, though the company reported some improvement in comparable-stores sales during the crucial holiday shopping season.  Macy's sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated. Shares rose more than 2% in early trading Wednesday, Jan. 8, 2020.   (AP Photo/Richard Drew, File)

Macy's closing stores despite upbeat holiday sales numbers

Jan. 8, 2020 2:51 PM EST

NEW YORK (AP) — Macy's is closing 29 stores in coming weeks despite the company reporting some improvement in comparable-stores sales during the crucial holiday shopping season. In an email to The Associated Press, the Cincinnati-based retailer said the store closures include 28 Macy’s locations...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 27, 2019. Asian stocks followed Wall Street higher on Friday amid optimism U.S.-Chinese trade relations are improving. (AP Photo/Ahn Young-joon)

Global stocks mixed, Wall Street rises amid trade optimism

Dec. 27, 2019 3:43 AM EST

BEIJING (AP) — Global stock markets were mixed Friday after Wall Street rose amid optimism that U.S.-Chinese trade relations are improving. Frankfurt, Paris and Hong Kong gained in early trading. London and Shanghai were unchanged and Tokyo declined. Investors welcomed U.S. President Donald Trump's comment...

FILE - In this Nov. 26, 2019, file photo Nick Bierman looks at televisions while shopping ahead of Black Friday at a Best Buy in Henderson, Nev. Holiday shopping doesn't end with Christmas. Bargain hunters can take advantage of fatter discounts on clothing, home decor and other items between Christmas and well into January. (AP Photo/John Locher, File)

On the Money: Tips to make the best of post-holiday shopping

Dec. 24, 2019 11:07 AM EST

NEW YORK (AP) — Holiday shopping doesn’t end with Christmas. Shoppers can take advantage of fatter discounts on clothing, home decor and other items between Christmas and well into January. In fact, a National Retail Federation survey of nearly 8,000 adults conducted Nov. 27 through Dec. 5 found...

In this Nov. 21, 2019 photo, children ride scooters on an elevated loop, at Camp toy store in New York. Camp, which was founded last year, not only sells toys but has also workshops and interactive areas for children. The concept is expanding to other locations and is the latest offering in experiential retail. (AP Photo/Mark Lennihan)

Toy stores hope playtime inside their shops leads to sales

Dec. 20, 2019 9:43 AM EST

PARAMUS, N.J. (AP) — Jaelyn Farrell climbed into a tree fort, played in fake sand and pushed around a “Paw Patrol” toy car. But the 8-year-old wasn't at a playground or a friend's house. She was at the mall in a new Toys R Us. The chain, relaunched for this holiday shopping season after...

FILE - In this Dec. 11, 2019, file photo specialist Thomas McArdle, left, and trader Jonathan Corpina, right, work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Dec. 18. (AP Photo/Richard Drew, File)

Global stocks dip after Trump impeachment vote

Dec. 19, 2019 8:23 AM EST

BEIJING (AP) — Global stock markets mostly dipped Thursday after the U.S. House of Representatives voted to impeach President Donald Trump and the central banks of Japan and Britain kept their interest rates low. The London stock index was up slightly while Frankfurt, London and Shanghai were little...

Specialist Gregg Maloney, left, and trader John Panin work on the floor of the New York Stock Exchange, Friday, Dec. 13, 2019. After months of waiting, markets had a muted reaction to news Friday that the US and China had reached an initial deal on trade. (AP Photo/Richard Drew)

Markets have muted reaction to long-awaited China trade deal

Dec. 13, 2019 5:32 PM EST

Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq. The U.S. and China revealed they have reached an initial deal in their long-running trade war. The “Phase 1” agreement means that the U.S. won't impose new tariffs on Chinese goods that...

FILE - In this Nov. 21, 2013, file photo, with the Empire State building in the background, the Macy's logo is illuminated on the front of the department store in New York. Macy's Inc. (M) on Thursday, Nov. 21, 2019, reported fiscal third-quarter net income of $2 million. The Cincinnati-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 7 cents per share. (AP Photo/Mark Lennihan, File)

Macy's weak earnings reflect more trouble at malls

Nov. 21, 2019 5:04 PM EST

NEW YORK (AP) — There’s more trouble for the nation’s malls heading into the crucial holiday shopping season. A slew of mall-based clothing retailers delivered weak third-quarter earnings reports in recent days, the latest indication of shoppers’ increasing shift online and away from...