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...The plan, dubbed “A Bold New Chapter”, will see Macy’s close 150, or 30 per cent, of its namesake stores....
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...its flagship store....
...There used to be a Santa Express Lane at Macy’s department store on 34th Street in Manhattan....
...Asset Management, which manages $5.3bn, asks Apple’s board to step up its oversight of how management has handled unionising campaigns, months after the first Apple unions were formed at two US retail stores...
...(Patrick Temple-West) Smart read I recommend Kenza Bryan’s article with our colleague Joe Daniels, reporting from Georgetown, Guyana, about the country’s carbon credits....
...operator Macy’s said last week: “The consumer is still under pressure, that is nothing new on that.”...
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
...West coast editor Richard Waters says the magnitude of the EU’s giant test in micromanagement is hard to overstate....
...Investors were in an ebullient mood on Thursday after Macy’s delivered better than expected results. They should not give the US department store operator too much credit. The bar was low....
...Beth Goldstein, a footwear industry analyst at Circana, told Scoreboard that in the US, family footwear retailers (like DSW) and major department stores (like Macy’s) have been losing market share for several...
...Among its 34 victims were the chairmen of Deutsche Bank and Dresdner Bank, West Germany’s federal prosecutor, senior diplomats, soldiers and politicians....
...More cynical attitudes to money, religion and generational trauma loom over other East Asian hits, even as the region’s cultural exports have exploded in the west....
...., China’s influencers put lid on anti-West rhetoric...
...Macy’s on Tuesday said it would take “a cautious view on the consumer and their capacity to spend on the discretionary categories we sell” and reported it had offered large discounts to clear inventory....
...One of the highlights of my five years as an ex-pat living in Manhattan’s Upper West Side was watching the Macy’s Parade giant balloons being inflated on Central Park West....
...When it committed to a 50-year lease in 2014, Neiman was supposed to be the retail centrepiece for the $25bn mixed-use development on the far west side of Manhattan....
...Chopard has a corner of London department store Harrods dedicated to its accessory line....
...The changes were made in part to accelerate Nike’s transition away from relying primarily on selling its products through retail stores towards selling more directly to consumers, especially online....
...But Macy’s, Foot Locker and Nordstrom are trickier....
...She alleges that when she brought in a young Kanye West to audition for Reid, he passed on the rapper and “proceeded to berate” Dixon about the “waste of his time”....
...For much of that time, its central bankers have tried to kindle the kind of low but steady inflation that propelled economies in the industrial west....
...Macy’s is no LVMH or Gucci. Its stores remain a squarely mid-market proposition. That is a tough place to be, especially when many stores are located in malls....
...Results: Department stores Macy’s and Nordstrom as well as Kroger, Best Buy and Costco. From tech, Hewlett-Packard and Broadcom. Thanks for all the feedback on FirstFT’s new look so far....
...Macy’s, the rival department store group, also said on Tuesday that a “competitive promotional climate” was intensifying as discretionary spending weakened. “Inflation is outpacing wage growth....
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