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Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers.
Despite efforts to jolt sales, the company’s forecast is muted: Macy’s expects full-year net sales to range between $22.2 billion and $22.9 billion, down from $23.09 billion in the prior year.
The Macy's stores set to close account for less than 10% of its sales, the company said. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for ...
The Macy's stores set to close account for 25% of overall square footage but less than 10% of its sales, the company said. Macy’s did not provide a list of planned closures, but San Francisco’s Mayor, London Breed, confirmed that the retailer’s sprawling store in the city’s Union Square downtown shopping district would be shuttered.
December 12, 2023 at 12:26 PM. How Macy’s became a takeover target. Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group ...
Best Early Black Friday Deals at Macy’s. Take 55% off the Franco Sarto Waxton Square Toe Booties! Take 60% off the Michael Michael Kors Single-Breasted Wool Blend Coat! Take 28% off the ...
June 1, 2023 at 7:47 AM. NEW YORK (AP) — Macy's slashed its outlook for the entire year as sales weakened in the first quarter during an increasingly challenging economic environment, including ...
Macy's future is a smaller company, predicted Swartz, though its current market cap of less than $5.5 billion reflects that reality. In the meantime, Spring's work has just begun.
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