Macy's – News Stories About Macy's - Page 3

MARKETS

Nov 12, 2008 3:30 PM CST

Dow Sinks 411 on Bad News

Nasdaq below 1,500 for first time in 5 years

(Newser) - Stocks plunged again today as another wave of poor earning reports soured investor sentiment, the Wall Street Journal reports. Henry Paulson's announcement of yet another new direction for the federal bailout failed to inspire confidence as the Dow closed down 411.30 points at 8,283. The Nasdaq lost 81....

Worried Retailers Call All-Out, and Earlier, Holiday Blitz

Sep 29, 2008 10:47 AM CDT

Worried Retailers Call All-Out, and Earlier, Holiday Blitz

Analysts see sales beginning before Thanksgiving in sour economy

(Newser) - Holiday displays already are popping up—and they’re likely to increase in number and urgency as retailers try to spruce up what’s likely to be the worst Christmas shopping season in years, reports Advertising Age. With 5 fewer days than last year because of a late Thanksgiving, retailers...

Kickball 'Pirate' Busted With Sword at Macy's

May 26, 2008 5:50 AM CDT

Kickball 'Pirate' Busted With Sword at Macy's

It's just a 'prop,' says not-too-sharp shopper

(Newser) - A knuckle-headed player for a local "Pirates" kickball team was busted at Macy's in Manhattan yesterday for sporting an actual swashbuckler's sword, reports the New York Post. The 29-year-old player told police the sword was a "prop" he was taking to a game—but cops were not amused....

Stocks Fall on Consumer Data

Markets

Mar 28, 2008 3:47 PM CDT

Stocks Fall on Consumer Data

Weekly losses for Dow and S&P

(Newser) - Stocks erased morning gains on poor consumer spending news to wrap up today's session in negative territory. The Dow and the S&P 500 racked up weekly losses of 1.2% and 1.1%, Bloomberg reports. The Dow fell 86.38 today to close at 12,216.08. The Nasdaq...

Wal-Mart Leads Feb. Retail Rally

Mar 6, 2008 10:47 AM CST

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating...

Retailers Await Last-Minute Gift From Shoppers

Dec 24, 2007 9:17 AM CST

Retailers Await Last-Minute Gift From Shoppers

Procrastinators find big sales, long lines

(Newser) - Last-minute shoppers navigated long lines over the final pre-Christmas weekend, nudging retailers toward the modest growth in sales they’d expected. Deep discounts cut into profits, but retailers like Macy's and Kmart stayed open around the clock to accommodate shoppers, the Wall Street Journal reports. “The procrastinators finally got...

Macy's Vows to Revive Chicago Flagship

Nov 19, 2007 10:44 PM CST

Macy's Vows to Revive Chicago Flagship

Expert has three years to revive former Marshall Fields

(Newser) - Macy's is changing course to revive Chicago's former Marshall Field's, a downtown fixture that was struggling when Macy's took over last year and has only done worse since, the Chicago Tribune reports. The solution? A $10-million, three-year plan to draw new shoppers into a 139-year-old institution they may have considered...

Dow Sheds 223, Flirts With 13K

Nov 9, 2007 3:44 PM CST

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,...

Martha Uncorks Wine Venture

Sep 16, 2007 3:49 PM CDT

Martha Uncorks Wine Venture

Home diva teams up with California winemaker to market $15 bottles

(Newser) - Martha's Stewart's next move might sound a little tipsy. The home diva is teaming with California wine magnate Gallo to launch Martha Stewart Vintage, which will distribute $15 bottles of Sonoma County chardonnay, cab, and merlot. The initial 15,000 cases will be released in cities where Stewart has a...

$24B Buyout Buzz Boosts Macy's Shares

Jul 19, 2007 4:50 AM CDT

$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman considering offer

(Newser) - Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg. Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a 30% premium on Wednesday's close,...