Larger -- and younger -- crowds jammed the nation's malls and big box stores on Black Friday, as a new generation got in on one of the biggest sales days of the year.
Macy's first-ever midnight Thanksgiving opening for Black Friday drew a boisterous crowd -- and even a few protesters -- to its iconic flagship store on Herald Square in New York.
With all the worries about Europe being on the brink of financial disaster again and increased nervousness about the U.S. economy, you'd think consumers would be cowering in a closet in fear and stuffing their money in the mattress.
The retailer Macy's announced Monday that it plans to hire 78,000 temporary workers for the holiday season.
As a Alabama native, I packed my bags and moved to New York City in pursuit of a modeling career at 18 years old. Even though I will always be a small-town girl at heart, I always dreamed of all the adventures of living in a big city.
Banks have found a new revenue stream -- and this time, it doesn't involve hitting you up with a new fee.
It is a meteorological oddity that defies explanation.
Holiday sales lost speed in December after a strong surge in the prior month, with many store chains reporting softer-than-expected monthly results Thursday.
A full month of deals, capped off by extra-deep Black Friday discounts, gave a boost to retailers' store sales in November in a solid kickoff to the holiday season.
Macy's shoppers can now check their look in a "magic mirror" in a fitting room, thanks to touchscreen computing.
Wheels on a suitcase? So convenient, they're an unremarkable essential for today's traveler. But in 1970, Bernard Sadow had trouble selling his rolling suitcase idea.
Shares of Macy's rallied more than 5% in early trading Wednesday after the department store chain posted a quarterly profit that beat estimates and boosted its earnings forecast for the year.
Consumers pulled out their wallets and hit their favorite discount and department stores in May, helping retailers post their ninth straight month of increasing sales.
The tradition that is Macy's Thanksgiving Day Parade has spun off its own tradition -- on Thanksgiving eve, New Yorkers and tourists alike gather on the Upper West Side of New York City to watch their favorite characters come to life in the forms of giant balloons.
Welcome to the bizarre world of Wall Street where good news is often bad news simply because it isn't good enough.
It's not just CEOs and White House staffers who won't be seeing anything more in their paychecks this year.
Macy's Inc. said Monday that it's cutting 7,000 jobs - including 5,100 in its stores - and centralizing some of its corporate operations in an effort to reduce costs amid an increasingly difficult retail environment.
Keep an eye out for a restructuring at Macy's -- the retailer is planning further consolidation of its buying offices, a move that could save tens of millions of dollars a year, according to industry sources.
Some Macy's stores overcharged holiday shoppers who used debit cards to make purchases on one of the busiest shopping days of the year.
What does Macy's have to do with healing from genocide? Nothing and everything.
U.S. stocks opened lower Wednesday, after electronics retailer Best Buy lowered its profit forecast and the Macy's department store chain reported a quarterly loss.
A chill has descended on America's shopping malls. With credit markets frozen, the Dow plunging and consumers buying less, retailers are bracing themselves for one of the worst holiday seasons in nearly two decades.
After years of losing ground to the likes of Abercrombie & Fitch in the battle for young and hip shoppers, Macy's is considering an overhaul of its flagship Herald Square store to lure the under twenty crowd, Fortune has learned.
Macy's stores across the country are renovating their Tommy Hilfiger shops and expanding how much of the designer's sportswear they carry. But fans of the brand soon won't be seeing those items at other department stores
Macy's Inc.'s saw its second-quarter earnings drop slightly and warned on Wednesday that full-year profits will be below Wall Street expectations as shoppers are more cautious about spending
It was considered a retailing masterstroke - the $11 billion acquisition of the May Department Store Company by Federated Department Stores to form what is now known as Macy's. The 2005 merger created the first national department store chain and gave Macy's unprecedented clout with suppliers. Macy's Chief Executive Terry Lundgren, considered the merger's architect, was initially lauded as a visionary. Then the trouble started.
"Mad dogs and Englishmen go out in the midday sun." Once a witty observation by Noel Coward leveled at the British obsession with ignoring local customs and throwing themselves, with vigor, into an uncomfortable situation, has become something of a national motto.
Like holiday shoppers maxing out their credit cards, the nation's retailers have been racking up debt buying back their own stock. Now their bills are coming due.
Happy Vendredi Noir! Or Schwarzer Freitag! Or Viernes Negro!
updated: Thu Nov 22 2007 14:23:00
Revelers in New York and Chicago rang in the holiday season with a Thanksgiving tradition.
On any given day, the hectic pace of New York streets may convince tourists that their eyes are better fixed on the ground ahead than gazing up at the sky.
A fundamental retailing rule is to take markdowns early and deep.
Nautica, the sportswear brand with the seafaring theme, is facing the prospect of reduced selling space for its products at some large department stores, Fortune has learned.
updated: Fri Oct 26 2007 10:32:00
CNN's Charles Hodson asks gaming industry expert Rob Fahey why Sony's Playstation 3 is selling so poorly.
Citi is issuing approximately 3.5 million credit cards to department store customers who did not request them, the banking company confirmed Friday.
Retailer Macy's Inc is preparing to launch a $100 million fall advertising campaign with celebrities such as Martha Stewart and Donald Trump as it tries to boost its dowdy image and sagging sales, The Wall Street Journal reported Wednesday.
Retailer Macy's Inc. posted a lower quarterly profit and cut its full-year outlook Wednesday, sending its shares down.
Despite lackluster retail numbers this summer, cash-rich private-equity shops continue to pore over the sector in search of a bargain. Wednesday, shares of Macy's jumped 7.6 percent to $43.09, close to the high end of its 52-week per share range of $33.52 to $46.70, on a Women's Wear Daily report that private equity shop Kohlberg Kravis & Roberts (KKR) is eyeing the department store giant. But will it actually bite?
Private equity firm Kohlberg Kravis & Roberts is considering a bid for retailer Macy's Inc., according to the online edition of trade paper Women's Wear Daily.
Federated Department Stores, the owner of Macy's and Bloomingdale's, announced Wednesday that it plans to officially change its ticker symbol to "M" on the New York Stock Exchange.
The explosion of the premium-jeans market has created intense competition among small denim manufacturers, but there isn't enough room for everybody.
As the dust begins to settle on what looks to be a disappointing 2006 holiday shopping season, industry experts are tallying retail's winners and losers.
Sales this final weekend before Christmas will be critical for retailers as the 2006 holiday shopping season heads to a nail-biting finish.
Shoppers hit the streets early and often in the Big Apple this Black Friday. And by late morning, many were already weary.
Is Martha Stewart back? A recent spate of good tidings emanating from Martha Stewart Living Omnimedia has sent its shares up 10 percent, providing a welcome tonic for the beleaguered stock, whose p...
Retail giant Macy's will soon be hitting the airwaves.
EVEN IN THE WORLD of J. Crew and Target, Terry Lundgren believes there's a place for the good old department store. It's hard not to believe. Earlier this year the Federated Department Stores CEO purchased May Department Stores for about $17 billion; as he points out, the combined companies produced sales of more than $30 billion in 2004. That's a lot of customers who don't yet know they're supposed to be shopping someplace else. But growing is another thing. Lundgren's plan is to focus on a few brands. That way he can efficiently market to consumers nationwide. The strategy hasn't been without pain. When Lundgren said he was replacing the Marshall Field's nameplate in Chicago with Macy's, movie critic Roger Ebert and the Chicago Tribune recoiled in horror. Over Bloomingdale's frozen yogurt, Lundgren explained to FORTUNE's Julia Boorstin and Eugenia Levenson why he's not worried about getting a thumbs-down in Chicagoland. Excerpts: Any second thoughts about replacing the Marshall Field's name? I am not su
Big discounts lured shoppers to stores early on Black Friday -- but in another sign of the growing hold consumers are wielding over retailers this season, many say they anticipate even further discounts ahead.
A helium-filled balloon taking part in New York's annual Thanksgiving parade hit a lamppost near Times Square on Thursday, causing a light to fall and injure two sisters from Albany, officials said.
Millions of spectators turned out for the 79th Macy's Thanksgiving Day Parade on Thursday, as its floats and giant balloons made their way through the streets of New York City.
When the 79th Macy's Thanksgiving Day Parade takes to the streets of New York City on Thursday, the balloons may need beefed-up security.
Here's a twist to the variety of Black Friday gimmicks retailers are coming up with this year: department store chain Macy's will actually pay shoppers -- with free gift cards, not cash -- to shop at its stores the day after Thanksgiving, according to a report in USA Today.
Even in the world of J. Crew and Target, Terry Lundgren believes there's a place for the good old department store.
Federated Department Stores announced plans Thursday to convert 330 department stores into Macy's locations nationwide in 2006, pending its merger with May Department Stores.
One hundred years ago, dozens of department store chains fought for shoppers' attention. But after decades of consolidation--topped off by Federated's pending acquisition of May--the result is a mo...
What do you get when you take two big retail dinosaurs and morph them together? One really big dinosaur.
The thing I hated about being a kid, besides the bell-bottoms and night retainer, was not having any power.
Rumors of the death of the department store, according to Terry Lundgren, have been greatly exaggerated. As CEO of 75-year-old Federated Department Stores (parent of Macy's and Bloomingdale's), he ...
Investors may look for ways to maintain the positive momentum on Tuesday, after major U.S. indexes finished on the upside in the previous session.
Department stores have been on retail's endangered species list for quite some time. So what's encouraging analysts to dust off the pessimism and talk of a possible renaissance of these industry dinosaurs?
In front of a Macy's entrance at the Westfield Shoppingtown in Paramus, N.J., Sally Russell, a 40-something shopper with bags in one hand and coffee in the other, looks ready to drop.
In front of a Macy's entrance at the Westfield Shoppingtown in Paramus, N.J., Sally Russell, a 40-something shopper with bags in one hand and coffee in the other, looks ready to drop. She plops dow...
In the continuing saga of how buying and selling on the Net is getting seriously weird, the latest chapter puts power in the hands of sellers. This is a surprising turn--the Net has mostly been an ...
Transmedia has overhauled its popular $50-a-year discount dining program to make it more appetizing. As always, you'll get 25% off at participating restaurants. What's new is the number of eateries...
One of the dullest stops on a fashion editor's calendar is a men's wear trade show known as MAGIC, the Men's Apparel Guild in California. Somehow, balding men hawking pleated khakis and argyle sock...
In the epilogue of The Rain on Macy's Parade, author Jeffrey Trachtenberg walks through Macy's fabled flagship Manhattan store. What he finds is a mixed bag: lonely outposts of glitz in designer de...
TO THE FLASH of pulsing strobe lights and amid vases of cascading white orchids, Allen Questrom, CEO of Federated Department Stores, is dancing. The occasion is the Fashion Institute of Technology'...
That slow, steady hissing sound you hear is the air going out of the bankruptcy game -- and out of junk bond funds'pumped-up returns as well. It's been a great three years for junk players, whose r...
Thank you for August's "The Bankruptcy Bonanza!" showing how people take advantage of the indulgent laws. I agree that if the bankruptcy system isn't fixed soon, "Only chumps will pay their bills."...
FOR MACY'S, Miracle on 34th Street isn't just a movie -- it's what the bankrupt retailer is striving for. Just about everything needs to be fixed if Macy's is to make a comeback -- customer service...
Shareholders in the estimated 30 mutual funds that recently held R.H. Macy's paper hardly got nicked, even though the bonds plummeted by 20% to 50% on Jan. 27, the day the department store chain fi...
And you thought the only people nervous about R.H. Macy's filing for Chapter 11 protection were its banks, bondholders, and suppliers? At least one bride- to-be who recently signed up for the depar...
''Consumers are putting in remarkable amounts of time and effort to get quality at a bargain price,'' says Madelyn Hochstein, president of the DYG consulting group. Tell me about it, Madelyn. Here ...
Many retailers, including debt-laden Macy's and the Bloomingdale's chain of Federated, launched their traditional January sales well before Christmas. But deep discounts -- some reaching 50% and mo...
The Christmas season isn't even officially upon us and already retailers feel more restive than festive. That's because shoppers, faced with prospects of higher taxes and fuel costs, are likely to ...
The Christmas selling season is almost here, and it looks as if the most interesting items up for grabs will be the stores themselves. In the past month three of America's premier department store ...
An old idea has come back in fashion in the retailing world: private label merchandise. Department stores have always sold goods ''made expressly for Macy's'' or whomever, but designer-name-conscio...
R.H. Macy & Co.'s advertising slogan, ''We're a part of your life,'' may pack more of a punch these days than it used to. By signing a deal to acquire Federated Department Stores for $6 billion, th...
THE DEPARTMENT store, that showcase of everything from washing machines to perfume, has long been the fabulous invalid of retailing. Like a Broadway play, it costs more to produce than many custome...
Ted Turner lops $266 million off the cash part of his bid for MGM/UA Entertainment. His latest offer: $20 and one share of preferred stock for each share of MGM/UA, vs. a previous offer of $25 and ...
BAT Industries, through its U.S. subsidiary BATUS, plans to sell 40% of its U.S. retailing operations, including Gimbels, the troubled department store chain that once rivaled Macy's in New York. I...
One of the largest retailers in the U.S., R.H. Macy & Co., has embraced the latest in management chic. Executives at Macy's announced plans to take the company private in a leveraged buyout valued ...
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