$154 million
Macy’s Employee Allegedly Concealed $154M In Expenses
Macy’s was forced to delay reporting its third-quarter earnings after it was revealed that an employee hid up to $154 million in expenses related to delivering small packages.
2008
Macy’s Accused Of Covering Up Sexual Assault By Sean ‘Diddy’ Combs In New Lawsuit
Macy’s, the chain of American department stores, has been accused of hiding one of Sean “Diddy” Combs’s sexual assaults at its flagship Herald Square, Manhattan, store in 2008.
Annex Wealth Management
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Closures
Macy’s Closing 150 Stores By 2026, Pivoting To Luxury Sales
Macy’s plans to close almost 150 locations nationwide in order to move towards leaning more heavily on its luxury Bloomingdale’s and Bluemercury chains.
$38 billion
US Thanksgiving weekend sales hit record $38 bln on big discounts – report
Deep discounts during the Thanksgiving weekend enticed U.S. shoppers to splurge about $38 billion online.
activists
Pro-Palestinian Protesters Disrupt The Macy’s Thanksgiving Parade
Pro-Palestinian protesters have disrupted the annual Macy’s Thanksgiving Parade by gluing their hands to the floor of the parade route.
brooke mallory
‘One Million Moms’ Initiates Petition Against Nonbinary, Trans Themes in Macy’s Thanksgiving Parade
A petition against the inclusion of LGBTQ+ material in next week’s Macy’s Thanksgiving Day Parade has received more than 18,300 signatures.
Best Buy
US retailers stuck with excess stock offer bargains as holiday season nears
As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy’s could be saddled with too much stock.
AFS Ground Parcel Freight Index
UPS and FedEx customers regain upper hand in delivery price battle
U.S. retailers and other delivery customers for the first time in more than four years are easily winning discounts from United Parcel Service and FedEx.