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Stories Tagged as

Macy's

A cap on credit card fees would hurt department stores most

by Kristin Schwab
Apr 29, 2024
Charge cards have become an important piece of the bottom line for department stores, including Nordstrom, Macy’s and Kohl’s.
It's often easier to get approved for a store card than a bank-issued card, but interest rates are higher.
Michael M. Santiago/Getty Images
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As higher-income households do more shopping at Walmart, the store is stocking fancier brands

by Kristin Schwab
Mar 22, 2024
The fluorescent lit aisles of big box stores don’t scream luxury. But for certain items, consumers just don’t care.
The fluorescent lit aisles of big box stores don’t scream luxury. But for certain items, consumers just don't care.
Scott Olson/Getty Images
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Retailers like Macy's want a bigger slice of e-commerce ad sales

by Meghan McCarty Carino
Mar 13, 2024
Selling ads on e-commerce sites is a $50 billion industry. Amazon dominates retail media, taking in about 75% of ad dollars.
Macy’s has announced plans to close 150 underperforming stores across the U.S. in coming years.
Justin Sullivan/Getty Images
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Department stores like Macy's rely on an old shopping model. Can they change?

by Kristin Schwab
Feb 27, 2024
In the age of globalism and online shopping, the department store’s strength — as a place for everything — has became its weakness.
Justin Sullivan/Getty Images
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What happened to the "magic of Macy's"?

by Elizabeth Trovall
Dec 11, 2023
Investors are reportedly offering less than $6 billion to buy the once-iconic department store chain.
Macy's hasn't kept up with consumer shopping preferences, analysts say.
Michael M. Santiago/Getty Images
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Macy's is expanding investment in strip malls with smaller stores

by Kristin Schwab
Aug 1, 2022
Outdoor shopping centers have become more popular as consumers look for convenience.
Macy's is building out its smaller-footprint concepts like Macy’s Backstage. They'll be located in strip malls, where consumers can make quicker shopping trips.
Eugene Gologursky/Getty Images for Macy's, Inc.
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When consumers feel strapped, some brands do well anyway

by Kristin Schwab
May 27, 2022
Strong earnings from Nordstrom, Macy's and Dollar General suggest pent-up demand and a reframing of what people consider essential spending.
Dollar Tree said groceries made up a bigger part of its sales last quarter — which could spell trouble for retailers like Walmart and Target.
Mario Tama/Getty Images
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Back in name only: Toys R Us brand to reappear in more than 400 Macy's stores

by Marielle Segarra
Aug 20, 2021
Just a few years ago, the toy retailer closed its U.S. operations and laid off 30,000 workers.
A Toys R Us store in New York in 2018, after the chain said its U.S. locations would close. Macy's plans to use the brand name to boost traffic in its department stores.
Spencer Platt via Getty Images
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COVID-19

Macy's furloughs are a sign of COVID-19 troubles for big retailers

by Jack Stewart
Mar 31, 2020
Analysts expect other department stores will follow suit this week.
While brick-and-mortar stores are closed, a lot of big retailers are trying to sell this season’s clothes at a discount online.
Al Bello/Getty Images
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Brought to You By

Macy’s Thanksgiving Day Parade, brought to you by Macy’s immigrant staff

by Jana Kasperkevic
Nov 25, 2019
Here is how the Macy’s Thanksgiving Day Parade came to be.
A giant Peter Rabbit balloon at the Macy's Thanksgiving Day Parade.
Jon Levy/AFP via Getty Images
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