Sign In
Free Newsletter
Shoppers cautiously pushed up spending in May
NEW YORK — Americans are spending, but they may not be for long. Some major retailers such as Target and Macy’s on Thursday posted May sales increases that beat Wall Street estimates as shoppers were lured in by Mother’s Day promotions and new, brighter styles of clothing. The gains follow a dismal showing during the […]
April retail sales worst since 2009
NEW YORK — Americans’ spending — much like the economy — continues to yo-yo. Major retailers such as Costco and Macy’s reported on Thursday that April revenue rose less that 1 percent in the worst performance since 2009 when the U.S. economy was just coming out of a bad recession. The disappointing results follow two […]
Laurel Macy’s, N. Bethesda Bloomingdale’s to close
CINCINNATI — Macy’s Inc. says it will close five Macy’s and four Bloomingdale’s stores that are underperforming. Clearance sales will begin at the stores Sunday and run for 10 weeks. More than 830 workers will be affected by the closings — 375 at Macy’s stores and 463 at Bloomingdale’s. But many may have the option […]
Holiday window displays in NYC range from tech to traditional
NEW YORK — It’s a Christmastime tradition for shoppers, New Yorkers and tourists alike: Checking out store windows decorated for the holidays. Many of this year’s windows use high-tech displays to showcase traditional stories and symbols of the season. At Saks Fifth Avenue, at Fifth Avenue near 49th Street, digital projectors beam images of translucent […]
High-end retailers giving away thousands of dollars
How desperate are high-end retailers? They’re so hungry for customers this holiday season, they’re willing to literally give away thousands of dollars to shoppers who buy something from their Web site. The promotion is called “Mystery Money” — those who are on stores’ e-mail lists are sent a gift card number, but the dollar amount […]
