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Macy’s Loss Narrows as Stores Reopen

Macy’s Inc. loss narrowed during the second quarter as locations began to reopen from their COVID- 19 induced lockdowns. The Cincinnati-based department store chain lost $431 million, or an adjusted 81 cents per share, as […]

By |2020-09-03T10:17:16-04:00September 3rd, 2020|Articles|Comments Off on Macy’s Loss Narrows as Stores Reopen

Macy’s to Cut 3,900 Jobs

Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]

By |2020-06-26T09:56:14-04:00June 26th, 2020|Articles|Comments Off on Macy’s to Cut 3,900 Jobs

Neiman Marcus Files for Bankruptcy

In March 2019, the luxury retailer Neiman Marcus opened its first outpost in Manhattan. Spread over three floors and 188,000 square feet, the store was an anchor tenant of the gleaming Hudson Yards development and, […]

By |2020-05-08T11:29:41-04:00May 8th, 2020|Articles|Comments Off on Neiman Marcus Files for Bankruptcy