Department store chain in the United States

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Macy's: Department store chain in the United States
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. As of February 1, 2020, there were 551 stores, including 11 flagships and 385 magnets, for a total of 396 core stores, and 96 neighborhood stores, 49 furniture galleries, 4 furniture clearance centers and 6 freestanding Backstage stores with the Macy's nameplate in operation throughout the United States, Puerto Rico, and Guam. Its flagship store is located at Herald Square in the Manhattan borough of New York City. The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017.


Stocks soar on growing economic optimism [Video]

Stocks soar on growing economic optimism

Wall Street rose sharply on Wednesday, powered by bank and retail shares, as the further easing of lockdowns boosted hopes for an economic recovery. Conway G. Gittens has the market action.

Credit: Reuters Studio     Duration: 02:00Published
"I'm just trying to survive this": Laid-off employees struggle without benefits [Video]

"I'm just trying to survive this": Laid-off employees struggle without benefits

While U.S. government guidelines say jobless workers who qualify for assistance should get payments within three weeks of applying, many - like Florida resident Claudia Alejandra - have been waiting..

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Macy's To Reopen Stores In Six Weeks [Video]

Macy's To Reopen Stores In Six Weeks

Macy's To Reopen Stores In Six Weeks

Credit: Wochit News     Duration: 00:27Published
Exclusive: Neiman Marcus could file for bankruptcy this week [Video]

Exclusive: Neiman Marcus could file for bankruptcy this week

Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus..

Credit: Reuters - Politics     Duration: 01:09Published

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Macy's, Kohl's, Gap turn to mass furloughs as virus crisis deepens

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Macy's to furlough nearly 130,000 employees as virus keeps stores shut

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