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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.
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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 ...
Macy's, Inc. Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year.
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.
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 ...
Macy’s heavily discounted its spring goods to make room for fall and holiday merchandise in the face of customers' cautious spending, but the retailer's adjusted second-quarter profits and sales ...
Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Macy's, which also operates upscale Bloomingdale's and ...
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