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Macy's speeds up plans to open smaller stores outside of malls

Macy’s speeds up plans to open smaller stores outside of malls

In 2020, Macy’s opened its first Market by Macy’s location, which was in the Dallas-Fort Worth area. Source: Macy’s Macy’s is accelerating its plans to open smaller stores that aren’t attached to suburban shopping malls, in a bid to evolve along with its customers’ shopping preferences coming out of the Covid pandemic. The department store …

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Kohl's terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from Kohl’s and Franchise Group didn’t …

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The retail industry is facing a potential wave of bankruptcies – here's why

The retail industry is facing a potential wave of bankruptcies – here’s why

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

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Macy's stock surges as company raises 2022 profit outlook despite uncertain retail landscape

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape

A person walks past a Macy’s store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has …

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape قراءة المزيد »