Macy’s Inc. reported a decline in first-quarter sales and profit on Wednesday, but still managed to surpass Wall Street expectations. The department store chain, however, revised its full-year profit forecast downward, citing more cautious consumer behaviour and the rising cost impact from US trade tariffs.Sales for the three months ended May 3 dropped to $4.79…
US stocks held steady Wednesday, maintaining their momentum after a sharp rebound brought major indexes within striking distance of record highs. Investors are eyeing corporate earnings, particularly from Nvidia, while digesting mixed global signals and recent retail sector updates.The S&P 500 rose 0.1% in early trading, continuing a steady climb driven by optimism that the…
Macy’s, the largest department store in the United States, saw slightly improved sales during the holiday season, but it and other retailers have warned of a rocky year ahead as tariffs push up prices and sow uncertainty for shoppers. Macy’s said on Thursday that comparable sales across all of its stores, which include Bloomingdale’s and…
Popular US departmental store chain Macy’s has announced that it is planning to shut down as many as 65 stores by the end of January 2025, which is 15 more than previously planned, according to reports. CEO Tony Spring made this announcement during the company’s Q3 earnings call, saying that the move is part of…
Get ready for the biggest event of the holiday season! The 98th Macy’s Thanksgiving Day Parade is here, and it’s bringing all the magic, joy, and entertainment you could ask for. With 17 giant character balloons, 22 floats (including 7 new ones!), and performances by Jennifer Hudson, Kylie Minogue, Ariana Madix, Idina Menzel, and more,…
The holiday season officially begins with the return of one of America’s most cherished traditions: the Macy’s Thanksgiving Day Parade. This year marks its 98th edition, and it promises to be extraordinary. The event, known for its joyous atmosphere, brings communities together through spectacular entertainment, heartfelt moments, and larger-than-life balloons. Whether in person or watching…