Latest Macy's Inc News

FILE - In this April 13, 2020 file photo, a person wearing a protective mask walks past the boarded up windows of a Macy's department store in Philadelphia.  Macy’s Inc. on Wednesday, Sept. 2 reported a fiscal second-quarter loss of $431 million, after reporting a profit in the same period a year earlier.  (AP Photo/Matt Rourke, File)

Macy's posts $431 million loss as sales drop 36%

Sep. 2, 2020 1:37 PM EDT

NEW YORK (AP) — Macy’s got more people to shop on its website and app, but it wasn’t enough to make up for plummeting sales inside its department stores. Online sales were up 53%, and the company said it attracted 4 million new online customers. But sales sunk 61% inside its stores, which...

This Week: Earnings from Zoom, Macy's and Toro

Aug. 31, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Zoom boom Zoom Video Communications reports its second-quarter results on Monday. The San Jose, California-based video-conferencing service powers everything from distance learning to business meetings to casual, socially...