Spring, Tony – MOSAEC

Macy’s Reports Lower Sales as Shoppers Cut Back

Department store chains have struggled as consumers, squeezed by budget constraints, spend less time and money at their stores.

By Jordyn Holman

The largest department store chain in the United States has not reported an increase in comparable-store sales since early 2022.

By Jordyn Holman

The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”

By Jordyn Holman

Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.

By Jordyn Holman and Lauren Hirsch