Macy’s – One America News Network

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly/File Photo

US retail sales rebound moderately; underlying trend remains firm

Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.

Taylor Swift merchandise on display at a Target store in North Bergen, New Jersey, U.S, November 29, 2024. REUTERS/Siddharth Cavale

Inflation drives bargain hunt among Black Friday shoppers

Some retailers found small clusters of early Black Friday shoppers waiting outside stores for exclusive merchandise, such as Taylor Swift’s new $39.99 Eras Tour book sold only at Target stores.

NEW YORK, NEW YORK - MARCH 02: The Macy's company signage is seen at the Herald Square store on March 02, 2023 in New York City. Macy's Inc. stock jumped 14.8% in premarket trade on Thursday, after the department store chain exceeded forecasted estimates for the fourth quarter. The company posted a net income of $508 million for the quarter to Jan. 28, which was down from $742 million in the year-earlier period. While sales fell the company offered upbeat guidance for fiscal 2023. (Photo by Michael M. Santiago/Getty Images)

Macy’s Employee Allegedly Concealed $154M In Expenses

Macy’s was forced to delay reporting its third-quarter earnings after it was revealed that an employee hid up to $154 million in expenses related to delivering small packages.

Sean "Diddy" Combs attends the Pre-GRAMMY Gala and GRAMMY Salute to Industry Icons Honoring Sean "Diddy" Combs on January 25, 2020 in Beverly Hills, California. (Photo by Jon Kopaloff/Getty Images) / The Macy's company signage is seen at the Herald Square store on March 02, 2023 in New York City. Macy's Inc. stock jumped 14.8% in premarket trade on Thursday, after the department store chain exceeded forecasted estimates for the fourth quarter. The company posted a net income of $508 million for the quarter to Jan. 28, which was down from $742 million in the year-earlier period. While sales fell the company offered upbeat guidance for fiscal 2023. (Photo by Michael M. Santiago/Getty Images)

Macy’s Accused Of Covering Up Sexual Assault By Sean ‘Diddy’ Combs In New Lawsuit

Macy’s, the chain of American department stores, has been accused of hiding one of Sean “Diddy” Combs’s sexual assaults at its flagship Herald Square, Manhattan, store in 2008.

A person walks by a Target store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly/File Photo

Target raises 2024 profit forecast as price cuts draw shoppers

Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.

NORTH MIAMI, FL - MAY 23: Customers walk out of Macy's the day after the company announced that the 56 Burdines stores and the seven Macy's stores in Florida all will operate under the combined name of Burdines-Macy's May 23, 2003 in North Miami, Florida. The union is part of a strategy by parent company Federated Department Stores to use the national marketing clout of the Macy's name and take advantage of larger buying power. All of Federated's regional department store chains will make similar moves. The Miami-based Burdines will actually be the last one to be converted to the same name. (Photo by Joe Raedle/Getty Images)

Macy’s Closing 150 Stores By 2026, Pivoting To Luxury Sales

Macy’s plans to close almost 150 locations nationwide in order to move towards leaning more heavily on its luxury Bloomingdale’s and Bluemercury chains.