Macy's announced plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full time.
The company forecast 2022 net sales of $24.34 billion to $24.58 billion, compared with its previous outlook of $24.46 billion to $24.70 billion.
Toys R Us, the beloved children's toy store, is officially back inside Macy's locations in 9 states, with more "coming soon."
The retailer is doubling down on its Market by Macy's and Macy's Backstage store formats with new locations in metro-Atlanta, St. Louis and Chicagoland.
Toys R Us flagship stores will be located in Atlanta, Chicago, Honolulu, Houston, Los Angeles, Miami, New York, San Francisco and San Jose.
The company, which owns Macy's, Bloomingdale's and Bluemercury, plans to close six Macy's on-mall stores as well as one Bloomingdale’s outlet store.
For the remainder of January, all Macy's stores will open from 11 a.m. to 8 p.m. local time Monday through Thursday. Friday to Sunday store hours will remain unchanged.
Several retailers, including CVS, Macy's and Walgreens, have announced the closure of locations in various cities, citing a number of factors from changing consumer attitudes and future health needs to issues with spikes in crime.
Toys "R" Us will attempt to make another grand return this holiday season with the opening of a new two-story flagship store after shuttering its last two remaining stores in January in a failed relaunch.
The Macy's Thanksgiving Day parade will feature a total of 15 giant character balloons, 28 floats, 36 novelty and heritage inflatables, more than 800 clowns, 10 marching bands and nine performance groups, a host of musical stars, and the one-and-only Santa Claus.
Macy's Inc said on Thursday it is working with consulting firm AlixPartners to review its business structure, just a month after activist investor Jana Partners urged the department store chain to sell its e-commerce business.
Macy's swung to a profit in the third quarter and sales surged 36% as shoppers begin to buy dresses, luggage and other goods that fell to the bottom of the shopping list last year when the pandemic struck.
The holiday season, which accounts for about 20% of the retail industry's annual sales, has always been pivotal. This year, though, companies are battling pandemic-related supply-chain disruptions and inflationary pressure on top of a labor shortage.
An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its fast-growing e-commerce business, according to people familiar with the matter.
Macy's initialed a recall for over 26,00 units of the Martha Stewart Collection Oil & Vinegar Cruets, which were shipped nationwide.
Macy's Thanksgiving Day Parade welcomes the public back to the streets of Manhattan to watch the world-famous celebration.
Toys"R"Us is making another comeback and this time it will do it with help from Macy’s.
Macy’s swung to a profit in the second quarter on rising sales as newly vaccinated shoppers bought dresses, luggage and other goods.
Walmart, Tesla, and the Federal Reserve will set the tone for investors in the coming week as the S&P and Dow Jones sit at record highs.
Bloomingdale’s will open its new smaller concept store, Bloomie’s, in Fairfax, Virginia.