Macys
Macy’s announces fourth quarter and fiscal 2023 results
The US company has posted a year-on-year decline in sales and profits for both the fourth quarter and full year, but said it’s in a better financial position to continue its modernisation strategy
Macy’s cuts 2 350 jobs
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores
Macy's: sales down by 29% in fiscal 2020
The department store chain announced sales falling to 17.3 billion US dollars in the year ended on the 30th of January 2021. Net loss for the period totaled 3.9 billion US dollars
Macy’s announces restructuring plan
The New York-based retailer announced it will eliminate approximately 3 900 corporate and management roles. With the actions announced Macy's anticipated to create approximately 630 million US dollars per year in savings
Macy's plans to reopen 68 stores on Monday
The American department store chain is re-opening 68 stores on Monday in states that reduced coronavirus lockdown restrictions. Macy's plans to re-open more stores in the upcoming weeks
Macy’s updates the market in regard to Covid-19
All of the company' stores have been closed since the 18th of March and will remain closed until it is safe to reopen. Company announces that majority of workers will go on furlough beginning this week
Macy’s CFO to retire
Macy’s, Inc. announced Karen Hoguet, Chief Financial Officer, will retire by February 2019. Transition plan is underway
Macy’s with solid holidays season
The Cincinnati-based company reported positive sales for November and December. The cost saving strategy continues in place with the company aiming to reinvest the savings of 300 million US dollars back into the business
Macy’s announces restructuring plan
The US-based retailer plans to cut down 10 000 jobs, as it prepares the closure of roughly one hundred stores
Macy’s and J.C. Penney announce closure of stores
The two US-based giant retailers announced they are shrinking their physical distribution network, by closing some of the stores currently in business- 1
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