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Tag Archives: macy’s

Macy’s plans to close 100 stores, boost online investment

Macy’s officials said sales fell 5.2 percent in November and December at existing stores. Warm weather and lower spending by international tourists hurt sales. Macy's said Wednesday that it now expects its profit for its fiscal fourth quarter and full year, which run through January, to fall short of its previous estimate. (File photo)

Macy’s plans to close about 100 stores next year and boost its online investments, the nation’s largest department store chain said Thursday, as it tries to become more nimble in an increasingly fierce market. The closures represent close to 14 ...

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Spending slows, but retailers optimistic about holidays

Americans may have slowed their spending in September after splurging during the start of the busy back-to-school shopping season in the month before. But most importantly, they were still spending. September sales rose 3.9 percent — a slowdown from the ...

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Higher retail spending lifts hopes for economy

WASHINGTON — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year. Retail spending ...

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