Macy's gives update on employee who hid $151M
Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.
Macy's activist investors want the retailer to make significant changes
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as $154 million in shipping expenses.
Minnie Mouse makes her Macy's Thanksgiving Day Parade balloon debut this year, 90 years after Mickey
Minnie Mouse will join the Macy's Thanksgiving Day Parade as a balloon for the first time this November as the annual holiday tradition celebrates its 100th year.
Macy's shares slide as retailer ends buyout talks with Arkhouse, Brigade
Retail giant Macy’s revealed on Monday it will stop engaging in talks with Arkhouse Management and Brigade Capital Management about a potential acquisition.
Macy's gets another, bigger bid from Arkhouse, Brigade Capital
Arkhouse Management and Brigade Capital Management sent a bigger buyout offer to Macy’s over the weekend — to the tune of $24 per share they don't own. Their prior one was $21.
Macy's employees say upcoming closure of historic San Francisco location due to rampant shoplifting
Multiple employees of the iconic Macy's location in Union Square, San Francisco said the store will eventually close due to frequent shoplifting.
Macy's flagship store in San Francisco's Union Square faces chopping block: reports
Macy’s could potentially shutter the Macy’s department store it operates in San Francisco’s Union Square area, according to local media reports.
Macy's to close 150 stores by 2026, open new Bloomingdale's, Bluemercury locations
Macy's will close 150 stores by the end of 2026 as it cuts out underperforming locations, the company announced Tuesday.
Macy's rejects $5.8B takeover bid to go private
Macy's rejected a $5.8 billion bid from Arkhouse Management Co. LP and partner Brigade Capital Management LP to acquire all outstanding shares of Macy's.
Macy's will close these five stores following layoffs of more than 2,300 employees
Macy’s has plans for a handful of locations to permanently close up their shops. The five closures come as part of a move that will also include the retailer axing about 2,350 jobs.
Macy's to slash 2,350 jobs, close 5 stores in move to embrace technology: report
Macy's is planning to cut 2,350 jobs and close five stores, The Wall Street Journal reported on Thursday, as the company moves to embrace more technology.
Investor group launches $5.8 billion buyout bid for Macy’s
Famed retailer Macy's is the focus of a $5.8 billion buyout bid launched by Arkhouse Management and Brigade Capital, according to a report by the Wall Street Journal.
JCPenney, Target, Amazon lead holiday hiring spree: Here’s the full list
Major retailers already started gearing up for the holiday season by announcing hiring plans. The companies are trying to ensure there is a robust workforce to handle the rush.
Macy's opening up to 30 small-format stores
Macy's is building upon its small-store expansion plans. The company, which has been repositioning its portfolio, will triple the number of small-format locations through 2025.
Amazon hiring 250,000 workers for 2023 holiday season
As part of this year's holiday hiring blitz, Amazon is seeking to fill 250,000 seasonal workers. Last year, the company only sought to hire 150,000 workers.
Macy's aiming to add nearly 40,000 workers in seasonal roles
Macy’s Inc.'s holiday shopping season efforts will involve bringing on 38,000 people in seasonal roles this year, according to a press release.
Flash mob of thieves use bird call during smash-and-grab at California Macy’s, video shows
Masked suspects were seen on video using a bird call before fleeing with stolen merchandise during a flash mob robbery at a Macy's in Southern California.
Toddler maimed by Macy’s mannequin, lawsuit claims
Macy's is being sued by the father of a boy who the lawsuit claims was injured when a store mannequin that wasn't properly secured fell and struck him in the face.
Macy's CEO Jeff Gennette to retire next year
Tony Spring, the current chairman and CEO of Bloomingdale's, will replace 61-year-old Jeff Gennette as chief executive of Macy's in February of next year.