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Macy's may have beat estimates, ... with consumers struggling to pay off credit card debt, ... Net sales are expected to be between $22.8 billion and $23.2 billion. Sales are expected to continue ...
On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
On Wednesday, Macy's reported a 3.8% year-over-year decline in net sales to $4.9 billion, missing estimates of $5.06 billion. Same-store sales fell 4%, worse than the expected 0.27% drop. Its ...
In 2005, May was acquired by Federated Department Stores for $11 billion (~$16.5 billion in 2023) in stock, with all former May divisions being folded into Federated's various Macy's branches. [14] [15] In 2006, over 400 former May stores, with their wide variety of long-standing brand names, were consolidated and renamed as Macy's.
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It has 508 stores in the United States and operates the annual Macy's Thanksgiving Day Parade and Fourth of July fireworks display in New York City.
Macy's, Inc. to Hire 80,000 Seasonal Associates in 2012 CINCINNATI--(BUSINESS WIRE)-- Macy's, Inc. (NYS: M) today said it plans to hire approximately 80,000 seasonal associates for its Macy's and ...
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