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Tag: Macy's Inc

‘Retail is changing by the day’

Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the …

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How businesses are planning to bring workers back after coronavirus

At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work.  That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce to offices …

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At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’

Zhuying Hua, 40, of Rockville, is concerned about coronavirus and wears a mask while shopping. The store manager said the there was a huge decline in shoppers. Sarah L. Voisin | The Washington Post | Getty Images Macy’s warned investors Tuesday that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, …

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’Read More

Macy’s store closures—here’s where they are

In the fiscal third quarter, Macy’s posted its first same-store sales decline in two years, and slashed its profit outlook for the year. The company attributed the sales weakness to unseasonably warm weather and soft foot traffic, saying it saw poor performance at lower-tier shopping malls. As the map shows, the planned closures of 28 …

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Gwyneth Paltrow’s wellness brand Goop is coming to Sephora

Gwyneth Paltrow’s famous lifestyle brand Goop is about to hit Sephora stores, marking the first time it has partnered with another retailer to sell items like its vitamin chews and body scrubs. Up until now, Goop was only available at its own stores, on Goop.com and at some independent beauty shops. Starting Tuesday, Goop’s wellness …

Gwyneth Paltrow’s wellness brand Goop is coming to SephoraRead More

Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

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Bed Bath & Beyond shares jump on real estate deal for $250 million

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond shares jumped nearly 3% Monday morning after the retailer said it had completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, netting it $250 million in proceeds. The embattled …

Bed Bath & Beyond shares jump on real estate deal for $250 millionRead More

How department stores lost their clout in the beauty industry

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images In the beauty business, there’s been a changing of the guard over the past decade. Social media has bolstered the success of specialty stores and cultivated a number of billion-dollar upstart beauty brands that are going …

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Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

Sears, Walgreens among retailers that closed stores in 2019Read More