Latest Macy's Inc News

US applications for jobless claims hold at healthy levels

Mar. 07, 2024 08:45 AM EST

U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength in the face of elevated interest rates. Unemployment claims for the week ending March 2 were 217,000, matching the previous week's revised...

Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024

Mar. 04, 2024 16:23 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Apple Inc., down $4.56 to $175.10. The European Union has fined the iPhone maker nearly $2 billion for breaking competition laws. Spirit Airlines Inc., down 70 cents...

Saks CEO Marc Metrick on how he's tackling online return fraud, a growing industrywide issue

Mar. 04, 2024 09:02 AM EST

NEW YORK (AP) — At Saks Fifth Avenue’s return area at its Manhattan flagship, shoppers now see a camera and signage highlighting the enhanced video surveillance and a new policy: customers must now show a photo ID. The company is also looking at ways to better scrutinize returned...

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

Mar. 03, 2024 21:57 PM EST

NEW YORK (AP) — Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy's in a deal now valued at $6.6 billion. The investment firms announced Sunday that they had submitted an all-cash proposal of $24 for each of the remaining shares in Macy's...

US applications for jobless benefits rise but remain historically low despite recent layoffs

Feb. 29, 2024 12:57 PM EST

More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year. Applications for unemployment benefits rose by 13,000 to 215,000 for the week ending Feb. 24, the Labor Department...

Stock market today: Asian stocks lower after Wall Street holds steady near record highs

Feb. 27, 2024 23:13 PM EST

HONG KONG (AP) — Asian markets were mostly lower on Wednesday after U.S. stocks held near their record levels in a quiet day of trading. U.S. futures and oil prices fell. Japan’s benchmark Nikkei 225 edged 0.1% lower to 39,230.50. Chinese markets...

Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locations

Feb. 27, 2024 17:10 PM EST

NEW YORK (AP) — Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy's aims to upgrade its remaining...

How major US stock indexes fared Tuesday, 2/27/2024

Feb. 27, 2024 16:38 PM EST

Stocks held relatively steady on Wall Street near their record levels. The S&P 500 managed a gain of 0.2% Tuesday. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite rose 0.4%. Macy’s rose after unveiling a restructuring plan, and Norwegian...

AutoZone, Macy's rise; Unity Software, CarGurus fall, Tuesday, 2/27/2024

Feb. 27, 2024 16:14 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: AutoZone Inc., up $184.53 to $2,954.99. The auto parts retailer beat analysts' fiscal second-quarter earnings and revenue forecasts. Macy's Inc., up 65 cents to...

Macy's: Fiscal Q4 Earnings Snapshot

Feb. 27, 2024 07:04 AM EST

NEW YORK (AP) — NEW YORK (AP) — Macy's Inc. (M) on Tuesday reported a loss of $71 million in its fiscal fourth quarter. On a per-share basis, the New York-based company said it had a loss of 26 cents. Earnings, adjusted for one-time gains and costs, came to $2.45 per share. ...