Earnings & Sales Reports, Macy's | featured news

US retailers report profit falls

US retailers report profit falls

Some of the US's best-known retailers report sharp slumps in profits as consumer confidence continues to slide.

 

Macy's to Take Hefty Write-Down

Macy's said it will record an asset write-down of up to $5.5 billion as the department store posted a big drop in operating profit amid heavy markdowns and weak consumer spending.

 

Macy's announces 7,000 job cuts

Macy's announces 7,000 job cuts

US department store chain Macy's is cutting 7,000 jobs as it reduces costs against a backdrop of falling sales.

 

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