Dick’s CEO to Step Down
Ed Stack is stepping down as chief executive of Dick’s Sporting Goods Inc. after decades at the helm of the retailer he built into a national chain and led into the debate over gun violence.
Mr. […]
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 […]
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 […]
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, […]