Latest Macy's Inc News

FILE - This Feb. 16, 2010 file photo shows the headquarters of the Simon Property Group in downtown Indianapolis. The Simon Property Group will buy mall operator Taubman Realty in a deal valued at around $3.6 billion as those properties continue to struggle along with their retail tenants.  Simon Property Group Inc. said Monday, Feb. 10, 2020, that its operating partnership, Simon Property Group, LP, will buy all of Taubman stock for $52.50 per share.  (Danese Kenon/The Indianapolis Star via AP, File)

Now for sale at the mall ... the mall; Simon buys Taubman

Feb. 10, 2020 11:07 AM EST

As mall-based retailers struggle to compete with the onslaught from online shopping, the companies that own and manage the malls are finding their own business models severely challenged. For the second time in as many weeks, there is a major agreement involving mall operators. The Simon Property Group will buy...

FILE - In this Oct. 1, 2019, file photo, Gory Rodriguez, of Starbucks, right, interviews a job applicant during a job fair at Dolphin Mall in Miami. The January U.S. jobs report on Friday, Feb. 7, 2020, may provide timely evidence of the U.S. economy's enduring health. (AP Photo/Lynne Sladky, File)

January US jobs report may provide clarity amid disruptions

Feb. 7, 2020 12:02 AM EST

WASHINGTON (AP) — With China's viral outbreak disrupting trade and Boeing's troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy's enduring health. Economists estimate that employers added 161,000 jobs last month and that the...

Macy's, Humana rise; Merck, Ford Motor fall

Feb. 5, 2020 4:30 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Merck & Co., down $2.53 at $85.83 The drugmaker reported weak fourth-quarter revenue and said it will spin off its women's health and other divisions. Humana Inc., up $22.05 at $364.80 The health insurer reported...

FILE - In this Nov. 29, 2019, file photo, man carries shopping bags across the street from a Macy's store in San Francisco. Macy's says it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The moves announced Tuesday, Feb. 4, 2020, come ahead of Macy's annual investor meeting where CEO Jeff Gennette is expected to unveil a three-year reinvention plan. (AP Photo/Jeff Chiu, File)

Macy's to close 125 stores, shed 2,000 corporate jobs

Feb. 4, 2020 7:03 PM EST

NEW YORK (AP) — Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy's current total. They include about 30 that...

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...