Tag: Macy’s Inc

Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle

As he prepares to take the reins as Macy’s chief executive on Sunday, Tony Spring has a tall order: He must contend with the existential crisis that mall-based department stores are facing to try to stay relevant in an increasingly e-commerce world. But trying to infuse Macy’s with new ideas and win over the next […]

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Macy’s Plans to Cut 2,350 Jobs and Close 5 Stores

Macy’s, the country’s largest department store operator, told employees Thursday that it was laying off 13 percent of its corporate work force. The move comes as the company prepares to unveil a new strategy that its incoming chief executive will oversee. The cuts amount to roughly 2,350 jobs, or about 3.5 percent of the company’s […]

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The Holiday Boom in New York Is Back. Sort Of.

People have long traveled from all over the world to experience the glitz and bustle of New York City during the holidays. But for three years, that influx of visitors — and their open wallets — has been diminished, thanks to the impact of Covid. A look around the city at the beginning of this […]

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There’s a Lot Riding on Black Friday and Cyber Monday

The consumer is back — but for how long? Black Friday and today’s Cyber Monday shopping bonanzas hold outsize political significance this year with the retailing events emerging as key recession and inflation indicators. So far, so good. Bargain hunters turned out in force for Black Friday sales, and Cyber Monday is forecast to be […]

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How Workers for Amazon, Target and More Make Your Shopping Possible

The holidays are a hectic time of year for everyone. But for those working in the retail and logistics industries, it’s the busiest time. From selecting the carols that play in the store to deciding the most eye-catching places to display toys to getting those Amazon packages to your doorstep on time, there are thousands […]

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Black Friday Isn’t What It Used to Be

Black Friday was once a hallmark celebration of American consumerism. Lately, it has lost some of its thunder. It’s true that shoppers looking for big discounts can still line up early at Macy’s or Best Buy on the day after Thanksgiving, in hopes of snagging a bargain. But for many, the bargain has already been […]

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Macy’s Thanksgiving Day Parade Draws Protests and Spectators

All along Central Park West on Thursday, throngs of people gathered for the Macy’s Thanksgiving Day Parade and packed street corners or sat on folding chairs set up since dawn. They wedged themselves on slivers of sidewalk, and some placed their toddlers atop food carts for a better view. Madison Burgess, 26, was kind of […]

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What It Takes for the Macy’s Thanksgiving Day Parade Balloons to Fly in N.Y.C.

It has become Paul Schwartz’s job to help ensure the safety of millions of Thanksgiving parade watchers — as New York City’s “chief balloon officer.” Mr. Schwartz, whose actual job is deputy commissioner of bridges, has earned the unofficial title from his colleagues because he leads a team of city transportation engineers who clear the […]

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Macy’s Thanksgiving Day Parade 2023: Start Time, Lineup and How to Watch

The 97th annual Macy’s Thanksgiving Day Parade will take place on Thursday, with over three million spectators expected to brave the early-morning cold for a view of the procession’s many floats, balloons and celebrity performers. This year, NBC has moved the broadcast up a half-hour to an 8:30 a.m. start. There will also be additional […]

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Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season

Days ahead of the start of the holiday shopping season, several major retailers expressed caution about consumers during the busiest selling period of the year. Walmart, the largest retailer in the United States, said on Thursday that sales rose about 5 percent in its latest quarter, which ran through late October, versus the previous year. […]

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Retailers’ Seasonal Hiring Plans Signal a Cooling Labor Market

As the most important selling season for retailers approaches, job applicants may feel a chill. Macy’s and Dick’s Sporting Goods plan to hire fewer seasonal workers after a surge in the past two years, when shoppers thronged to stores after pandemic lockdowns and employers struggled to keep up. Many retailers have dropped the incentives they […]

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