Macy's tops expectations for the first quarter as luxury and beauty sales shineMacyโs sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending.
Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locationsMacyโs will close 150 unproductive namesake stores over the next three years, including 50 by year-end.
Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital ManagementMacyโs is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didnโt provide a viable financing plan.
Macy's Gennette to retire; Bloomingdale's Spring is new CEOMacyโs says Chairman and CEO Jeff Gennette plans to retire and will be succeeded by Bloomingdaleโs Chairman and CEO Tony Spring in February.