Highlights
R.H. Macy opened his first "fancy dry goods" store in New York City in 1858. By 1924, the department store's location at Herald Square was declared the "World's Largest Store." That same year, an annual tradition started: Macy's Thanksgiving Day Parade.
R.H. Macy opened his first "fancy dry goods" store in New York City in 1858. By 1924, the department store's location at Herald Square was declared the "World's Largest Store." That same year, an annual tradition started: Macy's Thanksgiving Day Parade.
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Meltdown 101: What do gloomy December same-store sales mean for the future of retailers?
AP Retail WriterNEW YORK (AP) — Retailers confirmed fears that the dismal holiday shopping season was the worst in decades when they reported December same-store sales — a figure the retail sector relies on to periodically take its own temperature. What...Tags: Ann Taylor Stores Corporation, Holidays, Urban Outfitters Incorporated, Financially Distressed Companies, Hanukkah
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Retailers confirm that 2008 was the worst holiday season in decades
Beleaguered retailers announced plans to close stores, promised more bargain-basement prices and cut their earnings forecasts Thursday, signaling some deals for shoppers but more trouble ahead for the country's deteriorating economy.
Macy's Inc., one...Tags: Nordstrom Incorporated, Holidays, Earnings Forecasts, Consumers, Gap Inc.
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Retailers report dismal December sales
The Associated PressDismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 -- not only more sharp discounts and cheaper groceries but probably fewer stores. Holiday spending was so anemic that even Wal-Mart didn't...Tags: Holidays, Williams-Sonoma Incorporated, Gap Inc., Abercrombie & Fitch Company, Earnings
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Stores confirm holiday shopping season was weakest in decades; more discounts probably ahead
AP Retail WriterNEW YORK (AP) — Dismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 — not only more sharp discounts and cheaper groceries but probably fewer stores. Holiday spending was so anemic...Tags: Holidays, Gap Inc., Abercrombie & Fitch Company, The Goldman Sachs Group Incorporated, Hobbies
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Macy's to close store at Palm Beach Mall
SunSentinel.comMacy's is closing its store at the Palm Beach Mall as the rundown center loses yet another anchor tenant. The second-largest U.S. department store chain cut its annual profit forecast and said it's shuttering 11 stores nationwide as sales decline. Many...Tags: Dillard's Incorporated, Sales, Simon Property Group Incorporated
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Macy's will close 11 stores in 9 states, none in Virginia
Associated PressDepartment-store operator Macy's Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years. Stores...Tags: Virginia, Palm Beach (Palm Beach, Florida), Holidays, Earnings Forecasts, Employees
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A list of Macy's store closings
Department-store operator Macy's Inc. is closing 11 underperforming stores in nine states. Here is a list of which ones are closing: — Ernst & Young Plaza (Citicorp Plaza), Los Angeles. (136 employees, opened in 1986) — The Citadel, Colorado...Tags: Hawaii, Palm Beach (Palm Beach, Florida), Employees, Indianapolis, Nashville
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Crude prices fall again on poor job and retail numbers; traders await end-of-week job report
AP Energy WriterDENVER (AP) — Crude futures retreated for a second consecutive day as the government released more disheartening economic data and another inventory report suggested further erosion in energy demand. Light, sweet crude for February delivery fell 93...Tags: Energy Resources, Prices, Natural Gas, New York Weather, Economy
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The 11 stores in 9 states that Macy's is closing
Department-store operator Macy's Inc. is closing 11 underperforming stores in nine states. Here is a list of which ones are closing: — Ernst & Young Plaza (Citicorp Plaza), Los Angeles. (136 employees, opened in 1986) — The Citadel, Colorado...Tags: Hawaii, Palm Beach (Palm Beach, Florida), Employees, Indianapolis, Nashville
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Macy's will close 11 stores in 9 states
Associated PressNEW YORK -- Department-store operator Macy's Inc. said today that it would will close 11 underperforming stores in nine states -- affecting 960 employees -- and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years....Tags: Palm Beach (Palm Beach, Florida), Holidays, Earnings Forecasts, Employees, Real Estate Sales
Jan 8, 2009
|Resource Link| Baltimoresun.com
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|Resource Link| Baltimoresun.com
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|Story| South Florida Sun-Sentinel
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