Macy's Inc
Gap (GPS) reports Q1 2022 earnings
Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell more than 10% after hours, after closing the day up 4%. An imbalanced mix of clothing sizes, ongoing inventory delays and an uptick …
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to …
Macy’s to slash 3,900 corporate jobs in restructuring
A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images Macy’s announced Thursday it is cutting 3,900 corporate jobs — 3% of its total workforce — to reduce costs as it struggles with the effects of …
Target sees ‘Cyber Monday’-sized online sales boom during pandemic
Target has seen a sharp increase in online sales, as shoppers try to limit time inside stores or avoid the trips altogether during the coronavirus pandemic, CEO Brian Cornell said. The trend has worked in the discount retailer’s favor, and it expects to emerge from the coronavirus pandemic, having gained market share, Cornell said in a call …
It’s a make-or-break holiday season for these six retailers
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially …
Retail trade group sees holiday sales rising 3.8% to 4.2% this year
A pedestrian carries a Macy’s Inc. shopping bag while walking past a store in New York. Idris Talib Solomon | Bloomberg | Getty Images Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, …
