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Macy's Inc

  • Wednesday, 11 December, 2024
    Macy’s cuts profit outlook after employee hid $150mn in expenses

    US department store chain says worker ‘falsified documentation’

    Shoppers visit Macy’s department store in Chicago, Illinois
  • Monday, 9 December, 2024
    Activist investors call on Macy’s to hive off real estate properties

    Barington Capital and investment partner Thor urge measures to revive US department store chain’s flagging share price

    Shoppers with purchases in Macy’s bags in Manhattan, New York
  • Monday, 25 November, 2024
    Retail sector
    Macy’s says employee hid more than $132mn in delivery expenses

    US retailer delays release of third-quarter results after discovering accounting entries issue spanning past three years

    Shoppers carrying Macy’s bags in New York
  • Friday, 20 September, 2024
    LexUS retail
    The private life will not suit US department stores Premium content

    Going private might take a company out of the limelight but the challenges will remain the same

  • Friday, 5 April, 2024
    LexUS retail
    Why US department stores have most to fear as credit card debt sours Premium content

    Investors should take a hard look at the core retail business and reset their expectations accordingly

    A Macy’s store
  • Wednesday, 28 February, 2024
    Lex
    Macy’s turnaround plan won’t recapture the old magic Premium content

    US retailer’s central problem is the products it sells and the environments in which it sells them fail to appeal

    Customers outside Macy’s flagship department store in New York
  • Saturday, 23 December, 2023
    John Gapper
    Rejoice that Santa Claus gives prime delivery to everyone

    Macy’s is right to recognise that express lanes and priority fulfilment are not in the Christmas spirit

    The flagship Macy’s store  in Manhattan
  • Tuesday, 12 December, 2023
    Miracle on 34th St?

    A look at the reported LBO offer for Macy’s

  • Thursday, 2 March, 2023
    Lex
    Macy’s: department store operator faces uphill climb Premium content

    Measures of profitability all declined compared to last year

    People shop at Macy’s in New York
  • Wednesday, 24 August, 2022
    US retail
    US retailers prepare for penny-pinching holidays as inflation bites

    Consumers are on the hunt for deals after hopes for a return to normal are dashed by soaring prices

    Macy’s, Nordstrom and Walmart logos
  • Thursday, 26 May, 2022
    Lex
    Macy’s: do not bet on revenge spending boost to last Premium content

    The mid-market store group may have bucked the shopping slowdown but it has poor earnings growth potential

    Shoppers enter a branch of Macy’s in Boston
  • Tuesday, 22 February, 2022
    Home Depot Inc
    Home Depot warns supply chain costs will hit profit margins

    Retailer predicts growth will slow this year after forecast-beating holiday quarter

    Shoppers inside a Home Depot store
  • Friday, 19 November, 2021
    Lex
    Macy’s: break-up is a trend best avoided Premium content

    The role the department store’s physical footprint plays in driving online sales should not be overlooked

    Shoppers exit a Macy’s department store in Las Vegas
  • Tuesday, 18 May, 2021
    US retail
    US retailers boost forecasts as customers go on shopping spree

    Walmart, Macy’s and Home Depot boosted by stimulus spending and easing of restrictions

  • Wednesday, 3 February, 2021
    Markets InsightEllen Carr
    Jane Austen plot unfolds in the high-yield debt market

    Shotgun marriage between credit investors and companies to be tested amid recovery from pandemic

  • Tuesday, 6 October, 2020
    Klarna AB
    Macy’s takes stake in Klarna as part of payment partnership

    Deal will allow customers of US department store chain to split up online purchases

    A Macy’s store in New York. The US department store chain has struggled to cope with the rise of online shopping and in particular the might of Amazon
  • Wednesday, 2 September, 2020
    Lex
    Macy’s: thanks, but no thanks Premium content

    The retailer had been struggling long before the coronavirus pandemic

  • Wednesday, 2 September, 2020
    Macy’s points to uneven recovery from lockdown

    US department store chain still faces ‘deep declines’ in footfall in large cities

  • Thursday, 20 August, 2020
    Due Diligence
    Self-help dealmaking: Simon says let’s go shopping Premium content

    Amid the retail reckoning, the mall landlord is buying up its tenants

  • Wednesday, 1 July, 2020
    Macy’s to shed 3,900 jobs as part of restructuring

    Cuts to administrative and management roles expected to save $365m this financial year

  • Wednesday, 27 May, 2020
    LexRetail sector
    Macy’s: land grab

    The property-rich retailer has breathing space to ride out the storm

  • Tuesday, 26 May, 2020
    Coronavirus
    Coronavirus: US sees fewest daily infections in two months — as it happened
    *** BESTPIX *** WASHINGTON, DC - MAY 26: A medical professional administers a coronavirus test at a drive-thru testing site run by George Washington University Hospital, May 26, 2020 in Washington, DC. Dr. Deborah Birx, the lead coordinator of the White House coronavirus task force, said on Friday that the District of Columbia and its suburbs have the highest rate in the country of people testing positive for the infection. (Photo by Drew Angerer/Getty Images)
  • Tuesday, 26 May, 2020
    Macy’s pledges stores as collateral in $1.1bn bond deal

    Latest sign that companies are turning to assets to raise much-needed cash

    Macy’s intends to use the proceeds of the bond deal to help repay a $1.5bn credit facility drawn down in March
  • Friday, 22 May, 2020
    US retail
    US retailers lay bare cost of being deemed ‘non-essential’

    Decisions on which businesses can stay open widens gap between sector’s winners and losers

  • Thursday, 7 May, 2020
    Due Diligence
    The decline of an American institution Premium content

    How the coronavirus outbreak has accelerated the demise of US department stores

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