Macy’s breaks silence on rumors chain is closing iconic Manhattan …
Dec 20, 2024 · Macy’s CEO Tony Spring in December said it plans to close about 150 locations by the end of 2026, blaming competition from big box retailers, the rise of e-commerce and high overhead costs. According to its quarterly results, Macy’s trimmed down its adjusted earnings per share of $2.25 to $2.50, down from August guidance of $2.34 to $2.69.
Macy's Addresses Closure Rumors of Iconic Manhattan Store
5 days ago · Macy's operates with 508 stores in the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The company had 94,000 employees and an annual revenue of $25.3 billion as of January 2023. Macy's Herald Square is one of the largest department stores in the world.
Macy's stores under pressure as activist investors call for ... - MSN
Macy's has come under pressure from an activist investor to hive off some of its real estate properties, which could include its flagship New York City store. The struggling retailer famously...
NYC taxi driver was having a medical episode ... - Associated Press News
2 days ago · Herald Square is a major shopping destination for tourists and locals, with the Macy’s store taking up an entire city block between 34th and 35th streets. It is among the city’s many retailers that feature elaborate Christmas window displays. ___ Associated Press writer Charlotte Graham-McLay in Wellington, New Zealand, contributed.
Macy’s is in deep trouble. It could be sitting on a gold mine
Dec 10, 2024 · The investors claim that Macy’s real estate, including its flagship store at Herald Square in New York City, is worth up to $9 billion on the open market, nearly double Macy’s closing market ...
Taxi slams into multiple pedestrians outside NYC Macy's ... - New …
3 days ago · The Christmas chaos unfolded outside Macy’s on 34th Street and 6th Avenue shortly after 4 p.m. when the northbound-traveling driver jumped a curb, cops and sources said. ... manhattan taxis 12 ...
Macy's adds to list of store closures, says it will close 65 ... - CBS News
Dec 13, 2024 · Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to...
How could Macy's overlook millions in hidden expenses for years? - ABC News
Nov 26, 2024 · A former employee intentionally hid expenses totaling as much as $154 million in the company's small package delivery department over a roughly three-year period, Macy's said in a financial ...
Another activist takes aim at Macy’s, seeking spending ... - NBC New …
Dec 9, 2024 · Activist investor Barington Capital revealed Monday it has a position in Macy's and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate...
Macy's is closing 150 stores — but its CEO isn't giving up on this …
Feb 27, 2024 · On Tuesday, Macy's announced its 2023 earnings, as well as plans to close 150 underperforming locations — including 50 by year-end. The company will be left with roughly 350 locations, or what...