Macy’s Shares Rise 17% on Store Closure Plan
"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.
Walmart’s Numbers Brighten Retail Picture
Thanks to tactical changes, the retailing giant is growing revenues in a very competitive environment.
Macy’s Earnings Drop 40% on Sluggish Sales
The retailer's "old-fashioned brands are not what millenials want," one analyst says as its same-store sales fall 6.1% in the first quarter.
Retail, Energy Lead Surge in U.S. Job Cuts
Employers reported 75,114 planned layoffs in January, up 218% on December and 42% on the year-ago period.
CFOs to Watch
Chief financial officers are more prominent than ever in Corporate America. We profile 20 CFOs worth keeping an eye on.
Macy’s Has ‘Tough’ Q2 As Sales Fall 2.6%
The retailer's CFO says consumer spending gravitated away from apparel, home goods and other items that are core to its business.
Activist Fund Seeking to Boost Macy’s Value
Starboard Value LP says Macy's real estate is worth $21 billion, almost its entire market capitalization.
No Heat in July Retail Sales Numbers
Limited wage growth, coupled with considerable pockets of unemployed workers, contributed to weak retail sales to start the third quarter.