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Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.
The department store chain has announced plans to close approximately 150 stores across the country through 2026, including 50 locations this year alone. Macy's described the stores set to be ...
Macy's ( M) is navigating through some stormy weather to kick off the year. The once darling department store faces an uncertain future after it rejected a $5.8 billion buyout offer from one of ...
Macy's Herald Square (originally named the R. H. Macy and Company Store) is the flagship of Macy's department store, as well as the Macy's, Inc. corporate headquarters, on Herald Square in Manhattan, New York City. The building's 2.5 million square feet (230,000 m 2 ), [ 4] which includes 1.25 million square feet (116,000 m 2) of retail space ...
The Galleria at White Plains was a shopping mall located in downtown White Plains, New York, US, a commercial and residential suburb 20 miles (32 km) north of New York City. The mall featured the major anchors Macy’s and Sears, and junior anchors Forever 21, H&M and Blink Fitness. On December 21, 2022, it was announced that the Galleria at ...
Macy's, Inc. Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year.
R.H. Macy & Company, New York, New York acquired O'Connor Moffat in 1945 for a reported $2,175,000 in stock. On October 16, 1947, the store was rebranded as Macy's. When announcing the merger, Macy's also announced the purchase of the six-story Brickell Building with 55 ft (17 m) of frontage on Geary Street facing Union Square, and took possession on January 1, 1946.
Macy's foot traffic in the US dropped 2.49% in 2023, with bigger decreases during the holiday shopping season. ... The Macy's store on Herald Square is seen on Jan. 19, 2024, in New York City. ...