Macy's

Today is Prime Day, Amazon’s annual day of discounts that the retail giant hopes will rack up sales and lure new subscribers to Prime. Walmart, Target, Macy’s and other retailers are also getting in on what’s being dubbed Summer Black Friday. With all those packages on the move, the shipping industry is ramping up to […]

The department store chain beat Wall Street’s estimates on a whole lot of fronts.

Struggling to keep the customers coming to stores, Macy’s is expanding special deals by offering rewards and discounts to all shoppers, not just its credit card holders. Click the audio player above to hear the full story. 

Macy’s flagship store in New York’s Herald Square now requires an online reservation for visits with Santa. “Santa’s a popular guy,” goes the explanation. Some 250,000 visitors come to Macy’s “Santaland” each year, according to the company. Santa visits are a big draw and can translate into big sales for retailers. Click the audio player above to hear […]

The holiday season is approaching, and there are reports that department stores, including Kohl’s, Macy’s and Nordstrom are ordering less inventory. After a year of declining sales and foot traffic, these retailers don’t want piles of unsold stock eating into their profits. But are they risking empty shelves and disappointed shoppers? Click the audio player […]

It’s a holiday tradition: every fall, retailers staff up their stores to prepare for the inevitable crush of shoppers. But this year, Macy’s said it’ll be hiring fewer holiday workers — about 80,000 people in total. And more of those workers will be operating out of warehouses, packing online orders, than last year. Could these […]

Macy’s, like so many other department giants, is reeling from falling sales. Dozens of it stores have shut down as it loses foot traffic to online competition. To reboot itself, Macy’s says it has a new strategy: It plans to offer more exclusive lines. Click the audio player above to hear the full story.

Department stores, those vestiges of the past, just can’t catch a break these days. Yesterday, shares of both Macy’s and Kohl’s plummeted as investors grow more pessimistic about brick-and-mortar retail in an e-commerce world. There is one silver lining: Business from store-branded credit cards is up, but it likely won’t be enough to reverse the […]