Tag Archives: Macy's Inc

Tech companies, banks overstaffed while airlines, hotels need workers

JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan …

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Amazon says consumer demand still strong, bucking broader retail gloom

An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Earlier this week, Walmart and Best Buy both lowered their profit outlook for the second quarter and full year, setting off alarm …

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Can I live without it?

A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, …

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Keep an eye on these 9 beaten-down retail stocks, Jim Cramer says

CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios. “Today we saw many of these discounted retailers rally nicely, but it will take many more days like today before these stocks come close to being expensive …

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Macy’s warns inflation-stung consumers may choose travel over shopping

A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images With inflation threatening to weigh on consumer demand, particularly among low-to-middle-income consumers, Macy’s says more shoppers could be faced with a consequential choice: Head to the mall or take …

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Levi Strauss & Co. (LEVI) reports Q1 2022 earnings beat

An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Denim retailer Levi Strauss & Co. on Tuesday reported fiscal first-quarter earnings and revenue that topped analysts’ …

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Nordstrom leadership reclaims oversight of struggling Rack business

Nordstrom Rack in downtown Seattle Getty Images Nordstrom on Monday announced it is streamlining leadership of its struggling Rack business with that of its full-line department stores, as two executives at the off-price offshoot retire and company veterans reclaim oversight. Scott Meden, Rack chief marketing officer, and Geevy S.K. Thomas, …

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Last week’s rally is a reminder to watch for a bounce during market downturns, Jim Cramer says

The stock market’s recovery last week is proof that investors should always watch for bounce, even when all seems hopeless, CNBC’s Jim Cramer said Monday. “The most important lesson of last week is that you never want to get too negative, because once the market gets oversold, it doesn’t take …

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Retail sales will grow this year, but at a slower rate than in 2021, trade group says

Miami, Florida, Brickell City Centre shopping mall with Apple Store, Chanel and escalators. Jeff Greenberg | Universal Images Group | Getty Images Retail sales in the U.S. are expected to grow between 6% and 8% this year, as Americans shift more of their spending to restaurants and trips and cope …

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Macy’s overhauls its website and trains personal stylists

Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s is preparing to overhaul its website and train some of its workforce to be personal stylists, in a bid to win more customers searching for the latest fashion trends, the department store chain announced Tuesday. The retailer …

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