Macy’s

Macy's Raises Billions To Weather Pandemic

(CNN) - Macy's has secured about $4.5 billion of financing to help repay its debt. This includes $1.3 billion it had previously raised through a debt offering for five-year senior secured notes. Experts say this means Macy's is now…

Macy's Will Start Reopening Stores On Monday

(CNN) - Macy's will start re-opening stores as early as next week. The retailer announced plans to open 68 stores on a limited basis starting Monday. The CEO of Macy's says they will start with stores in states that…

Macy's To Furlough Most Of 125,000 Workers

(CNN) - Macy's says it will furlough a majority of its employees because of the coronavirus outbreak. The company says the furloughs will get under way this week, affecting more than a half of its 125,000 workers. But Macy's…

Macy's To Stop Selling Real Fur By 2021

(CNN) - Macy's apparel featuring real fur will disappear in the next couple of years. On Monday, the company announced it will stop selling real fur by early 2021. The decision applies to Macy's stores as well as Bloomingdale's…

Macy's To Hire 80,000 Seasonal Workers

(CNN) - Macy's plans to hire about 80,000 seasonal employees for the holidays this year. The retailer says it is expecting a busy shopping season and is hiring for both Macy's and Bloomingdale's. Many of those jobs won't have…

Macy's Pulls Plates With Portion Size Joke

(CNN) - Macy's is pulling a line of porcelain plates that advocated for smaller portion sizes. Not because of the message, but because how it was conveyed. The plates jokingly suggest portions sizes for "skinny jeans", "favorite jeans" and…

Retailers Hiring Big For Holiday Season

(CNN) - Retailers are offering up holiday gifts to workers, in the form of lots of holiday temp jobs. Macy's said it will hire 80,000 seasonal workers,  GAP said Monday it will bring on 65,000 temps and Target announced…

Macy's Cutting 5K Jobs, Closing 7 More Stores

(CNN) - Retail giant Macy's will cut 5,000 jobs and close seven more stores in Florida, California, Indiana, Michigan, Ohio and Vermont. The moves are part of a plan announced in august 2016 to close 100 stores. Altogether, Macy's has…

Macy's Credit Card Issues On Black Friday

(CNN) - There's never a good time for a retailer to have trouble with its credit card system,but one of the biggest shopping days of the year is an especially bad time. That's what happened to Macy's Friday. Their credit…