Search results for "macy's"

March 01, 2021
Klarna Banks $1B In New Funding As BNPL Competition Heats...

Swedish buy now, pay later (BNPL) firm Klarna said on Monday (March 1) that it has raised $1 billion in fresh capital, not only providing it with the cash needed...


February 23, 2021
Macy’s Embraces ‘Omnichannel Digital Retailer’ Mantra, But Lags Behind Peers

Macy’s reported on its Q4 and FY results on Tuesday (Feb. 23), which were led by a 21 percent increase in digital sales and rising delivery costs. The retailer also...


January 06, 2021
Today In Retail: Mall Of America Modifies $1.4 Billion Mortgage;...

In today’s top retail news, Mall of America modified the terms of its $1.4 billion mortgage, while Macy’s intends to close 45 retail locations. Plus, Hive Brands seeks to become...


January 06, 2021
Macy’s To Close 45 Additional Stores

As part of a three-year roadmap to close stores, Macy’s reportedly told staffers at roughly 45 locations that they will shutter by mid-2021. The department store retailer intends to close 125...


December 22, 2020
Today In Retail: Past Macy’s CEO Anticipates More Store Closures,...

In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to travel for the December holidays...


December 22, 2020
Past Macy’s CEO Foresees More Retail Store Closings In 2021

Amid a year in which over 11,000 retail closings have been announced, past Macy’s CEO Terry Lundgren foresees that disruption to the retail vertical related to COVID-19 will continue into...


November 23, 2020
Macy’s, Nordstrom, Other Department Stores Need Better Drama Quotient

It’s hard to find things to like about the department store sector these days. Macy’s reported earnings last week, and it didn’t help naysayers change their minds about the format’s...


November 13, 2020
Dillard’s Surprises Department Store Sector By Posting A Profit

A department store reported a profitable Q3 this week. Really. The beleaguered sector, which has produced bankruptcies more than success stories, was redeemed by Dillard’s as it rode impressive cost...


October 22, 2020
RetailMeNot Adds New Brands, Features To Its Annual ‘Cash Back...

Deals website RetailMeNot is charging into fall with a revamped version of its “Cash Back Day,” featuring “flash offers” and brands that are new to the shopping deals site, along...