Macy's
Coverage of Macy's in the Nexus archive.
- Old Downtown Brooklyn Macy's to transform into massive entertainment hub
The historic Macy's location at 422 Fulton St. in Downtown Brooklyn is being transformed into New York City's newest entertainment hub. The site, previously a shopping hub, will become a massive entertainment complex.
- Don’t let Donald Sinex anywhere near Burlington’s downtown
Ron Jacobs criticizes Donald Sinex's proposal to build an Amazon warehouse in Burlington's former Macy's building, citing his role in the failed CityPlace mall project and concerns about traffic, taxpayer burden, and Amazon's corporate practices.
- Demolition of Macy’s iconic 60-year-old ‘shopping bag’ billboard in NYC’s Herald Square gets delayed
The demolition of Macy’s 60-year-old 'shopping bag' billboard in NYC’s Herald Square has been delayed. Kaufman Organization, the building’s owner, is in discussions with Macy’s about the billboard’s future.
- Bears fans, have you ever actually been to Hammond?
The Chicago Bears are considering moving to Hammond, Indiana, a decision driven by cost-saving motives similar to Macy's rebranding from Marshall Field's. The author reflects on a brief visit to Hammond and critiques the trend of prioritizing financial efficiency over local identity.
- Macy's CEO on Earnings, Brand Strategy and Outlook
Macy's CEO discusses earnings, brand strategy, and the company's outlook.
- Macy's raises annual outlook after the fourth straight quarter of sales gains
Macy’s reported its fourth consecutive quarter of comparable sales gains, attributing the increase to an overhaul of its merchandise and improved customer service. The company raised its annual outlook following the sustained sales growth.
- Early trading on Wall Street mixed as oil prices tick higher with Iran cease fire under strain
Early Wall Street trading was mixed as U.S.-Iran tensions pushed oil prices higher, while Japan's Nikkei 225 index reached a record 68,402.13. Macy's and GameStop saw significant stock gains due to strong earnings and buyback announcements. Oil prices rose 10% this week amid strained ceasefire efforts, with U.S. and Brent crude hitting $95.22 and $98.22 per barrel, respectively.
- Macy's raises annual outlook after the fourth straight quarter of sales gains
Macy's reported its fourth consecutive quarter of comparable sales gains, leading to an updated annual outlook. The company attributed the growth to merchandise overhauls and improved customer service, with Bloomingdale's and Bluemercury showing significant sales increases. Challenges persist due to economic factors like tariffs and rising gas prices.
- Macy's posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy's reported its strongest Q1 growth in four years and raised guidance despite ongoing consumer concerns. The company is undergoing a turnaround led by CEO Tony Spring, focusing on closing underperforming stores and reinvesting in viable locations.
- Lingering mysteries from Berkshire's portfolio update
Berkshire Hathaway added Delta Air Lines and Macy's to its investment portfolio, a move that remains difficult to explain. The article highlights the mystery surrounding these new holdings in the company's latest portfolio update.