Macy's Inc

Macy's Inc said on Wednesday Adrian Mitchell, a managing director at Boston Consulting Group, will take over as the department store operator's chief financial officer in November.

Macy's, the largest U.S. department store operator, has signed a deal to invest in Swedish payments group Klarna, joining investors including rapper Snoop Dogg and BlackRock in betting on the "buy now, pay later" online payments market.

The coronavirus pandemic is transforming this year's Macy's Thanksgiving Day Parade into a television-only spectacle, New York City said on Monday, with the traditional giant character balloons pulled by vehicles rather than humans and absolutely no children allowed.

Macy's Inc's iconic Thanksgiving Day Parade will shift to a television-only special presentation, the company and the City of New York said on Monday.

Macy's Inc agreed to pay $1.8 million and change its screening policies to settle a lawsuit claiming it illegally required New York City job applicants to undergo criminal background checks, disproportionately affecting Black and Hispanic people.

Macy's Inc <M.N> will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on online sales and promoting more beauty and home items to shoppers opting to stay home due to the COVID-19 health crisis.

Macy's Inc reported better-than-expected quarterly sales on Wednesday, as shoppers stuck indoors due to the COVID-19 pandemic bought more apparel using the department store chain's app and website.

Macy's Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge.

Macy's Inc on Wednesday reported a $3.58 billion loss in the coronavirus-hit quarter, mainly due to goodwill and asset impairment charges of $3.1 billion, as its stores remained shut due to COVID-19 lockdowns.

Macy's Inc <M.N> said on Thursday it would lay off about 3,900 employees in corporate and management positions as U.S. businesses try to save cash in the face of dwindling demand caused by the COVID-19 pandemic.

Macy's Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the COVID-19 pandemic.

Macy's Inc <M.N> warned on Tuesday its business was not likely to return to normal until late next year, even as it saw better-than-expected sales from stores reopening after COVID-19 lockdowns were lifted across the United States.

Macy's Inc <M.N> said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.

Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in asset-based credit, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Macy's Inc <M.N> said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Macy's Inc <M.N> said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.

Macy's Inc forecast a quarterly operating loss of up to $1.11 billion on Thursday, as the retailer was forced to shut stores due to lockdowns implemented to curb the spread of the coronavirus.