Web Analytics Made Easy - Statcounter
Tuesday, Dec 06, 2022 - 18:30:21
32 results - (0.004 seconds)

first Macy’s:

latest news at page 1:
1
    Al Roker has plenty to be thankful for, as he was discharged from the hospital on Thanksgiving day... though unfortunately he had to miss his first Macy's Thanksgiving Day Parade in 27 years. The 68-year-old Today Show weather anchor revealed last week that he was hospitalized, 'with a blood clot in my leg which sent some clots into my lungs.'  He took to Instagram on Thursday, poking fun at his absence from the annual parade as he left the hospital to have Thanksgiving dinner with his family. Thankful: Al Roker has plenty to be thankful for, as he was discharged from the hospital on Thanksgiving day... though unfortunately he had to miss his first Macy's Thanksgiving Day Parade in 27 years Absense: He took to Instagram on Thursday, poking fun at his absence from the annual parade as he left the hospital to have Thanksgiving dinner with his family. He shared a video on Thursday morning of him walking through the hospital, clad in a black baseball cap, blue face mask a green and grey polo shirt from his alma mater...
    More On: al roker Al Roker was hospitalized with blood clots in leg, lungs during ‘Today’ absence Al Roker shares how he recently lost 45 pounds in just a few months NBC’s ‘Today’ hosts make off-Broadway debut in ‘Murder in Studio One’ Al Roker marks 20th anniversary of gastric bypass: ‘I’m never going back’ Al Roker was noticeably absent from the 2022 Macy’s Thanksgiving Day Parade in New York City on Thursday for the first time in 27 years. Meteorologist Dylan Dreyer filled in for the longtime presenter during the “Today” show’s coverage of the parade on Thursday, amid Roker’s ongoing health battle. Savannah Guthrie and Hoda Kotb continued their tradition of hosting from a post near Macy’s flagship store in New York’s Herald Square, while Dreyer conducted interviews on the street. At one point, the NBC News meteorologist took a call from President Biden and First Lady Jill Biden, who were watching the parade from the White House. The couple asked how Roker, 68, was doing, and Dreyer assured POTUS...
    VETERAN NBC anchor Al Roker has presented the annual Thanksgiving Day Parade since 1995. He traditionally hosts the festive event alongside Today show co-stars Hoda Kotb and Savannah Guthrie. 5Today show fans are concerned that veteran anchor Al Roker could miss this year's Thanksgiving ParadeCredit: Getty 5The star has fronted the coverage broadcasting the festivities since 1995Credit: Getty But, this year, the star's appearance at the New York City parade is in doubt after he was rushed to hospital with blood clots. Roker’s health has sparked fears among worried fans that he could be forced to watch the Macy’s parade from the sidelines or on TV instead of fronting NBC's coverage. It would see his long presenting streak come to an end. One concerned Twitter user said: "If Al Roker isn't doing the Macy's Thanksgiving day parade this year, what is even the point of having Thanksgiving at all." read more on al rokerFESTIVE FEARS Al Roker’s wife shares festive update amid fears for health of TV star‘GET WELL SOON’ Al Roker looks unrecognizable in new Instagram post amid...
    Irene Aldana came from behind to defeat Macy Chiasson at UFC 279. History was made at UFC 279, when Irene Aldana achieved a never-before-seen TKO stoppage of Macy Chiasson, dropping her with a liver kick from the bottom. It was a wild affair that saw both women absolutely maul one another. The first round saw both Aldana and Chiasson trading shots on their feet. Neither landed anything too heavy but both put in a lot of effort and movement throughout. It looked too close to call until Chiasson went for a take-down attempt and bounced off the cage, allowing Aldana to take top position and go for some submission attempts. The second round saw Chiasson take control of the ground for most of the action. While Aldana did put a fight here and there, Chiasson dominated the round with submission attempts and good ol’ fashion ground and pound. She even at one point smashed a dozen or so elbows into the side of Aldana’s head. THE FIRST INSANE LIVER KICK KNOCKOUT BY ALDANA #UFC279 pic.twitter.com/5fNX1o5FwV — Spinnin Backfist (@SpinninBackfist) September...
    A 30-year-old man is accused of shooting a Loss Prevention officer at a Connecticut Macy's. The victim was shot in the abdomen in Hartford County on Friday, Aug. 19, at the Shoppes at Buckland Hills, located at 194 Buckland Hills Drive in Manchester, the Manchester Police Department said.  The victim remains hospitalized as of the announcement from police. Authorities said Richard LaPlante, of Windsor, turned himself in to police on the night of Saturday, Aug. 20. Police said he was charged with:  Criminal attempted murder First-degree assault First-degree robbery Carrying a pistol without a permit Authorities said LaPlante was held on a $1 million bond and is set to appear in court on Monday, Aug. 22. The investigation into the incident is ongoing. Police asked anyone with information about the case to call lead investigator Detective Claire Hearn at 860-645-5549 or the Manchester Police Department at 860-645-5500.
    Almost everyone has heard of a Chevrolet Suburban, and it’s no wonder. Related Articles Local News | Me & My Car: Pleasant Hill owner’s 1938 Dodge coupe nearly all original Local News | Me & My Car: 1980 BMW M1 in Alamo was never legally imported into U.S. Local News | Me & My Car: The ’58 Chevrolet Impala is a steady crowd pleaser among collectors The model has been sold longer than any other American vehicle. The forerunner of the Suburban was a 1933 truck-based station wagon made mostly of wood. It could carry up to eight people using the tried-and-true Chevrolet “Stovebolt” six-cylinder, 60-horsepower engine. This first vehicle, designed for the National Guard and Civilian Conservation Corps, was only manufactured for one year. The problem was the body wasn’t strong enough to be driven over rough roads and terrain without damage. The size was good, but some improvements were needed. The 1935-36 Chevy Suburban is considered the model’s first generation. These vehicles had all-metal bodies and were designed so most of...
    In this article MA person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022.Stefani Reynolds | AFP | Getty ImagesMacy's on Thursday reported fiscal first-quarter profits and sales ahead of analysts' expectations, as shoppers returned to malls to shop for new outfits and luxury goods. The department store chain, which also owns Bloomingdale's, reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year. "While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop," Chief Executive Officer Jeff Gennette said in a press release. Here's how Macy's did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv: Earnings per share: $1.08 adjusted vs. 82 cents expected Revenue: $5.35 billion vs. $5.33 billion expected Macy's still expects 2022 revenue to be flat to up 1% compared with 2021 levels, which would be a range of $24.46 billion to $24.7 billion. It now expects to earn, on an...
    GILLETTE is renowned around the world for its shaving products but it's also known for its cutting-edge logo. The symbol has been redesigned several times since the company was founded back in 1901. 2The letter G in the Gillette logo looks like it's been sliced at an angle - which symbolizes how you can cut your fingertip with a bladeCredit: Gillette/1000 Logos Eagle-eyed Americans will be able to see two indents in between the letters G and I when looking at the brand's logo. There appears to be a ridge inside the letter G that's been sliced at an angle - which is similar to how you can cut your fingertip with a blade. In 2009, designers removed the round dot from the letter I and replaced it with an indent- thought to represent the sharpness of the razors, according to Logos World. Gillette was founded as a safety razor manufacturer by entrepreneur King C Gillette in the early 20th century. The brand’s first logo featured an arrow that pierced through the letters. The shape was a nod to the...
    NEW YORK (CBSNewYork) — While many had Thanksgiving off to celebrate the day with family, there were plenty of people who had to work. So, it’s only appropriate we here at CBS2 give thanks to all those who spent the holiday on the clock. READ MORE: Macy's Thanksgiving Day Parade Welcomes Back Spectators In New York CityThe Lew family was gathered around the table sharing what they were thankful for. “Health, my family, being able to travel again,” Donna Lew told CBS2’s Jenna DeAngelis. Lew was visiting New York from California for Thanksgiving and grateful K. Rico South American Steakhouse was open for their holiday meal. “I was saying thank you to all of them for being here tonight,” Lew said. Even though he spends most of the night away from family, it was important for owner Tommy Greco to be working, especially looking back on the pandemic. “Give thanks that were still here, we’re still in business, we got our staff back,” Greco said. Restaurant workers were among the many people who spent the holiday on the clock. There...
    In this article JWN M A rendering of the exterior of Bloomingdale's new small-format location, called Bloomie's.Source: Bloomingdale's PRBloomie's isn't just a nickname anymore. The luxury department store chain Bloomingdale's announced Wednesday that it will use the moniker for a new location, opening in Fairfax, Virginia, on Aug. 26. The word Bloomie's has for decades been used as a term of endearment by fans of the original Bloomingdale's. The roughly 22,000-square-foot space will be much smaller than a typical Bloomingdale's location, which can span upward of 200,000 square feet. The store will serve as a hub for experiences, with a focus on fashion, and feature Colada Shop, a restaurant serving coffee, Caribbean-inspired small bites and cocktails into the evening. Bloomingdale's Chief Executive Tony Spring described Bloomie's as a "highly edited" and "convenient" version of the namesake department store.The first Bloomie's location will be in the Mosaic District shopping center, in Fairfax, Virginia.Source: Bloomingdale's PRThe new Bloomie's shop will sell women's and men's apparel, footwear, jewelry, handbags and beauty products. The merchandise on the floor will rotate frequently throughout the...
    NEW YORK (CBSNewYork) — After a year of COVID-19 lockdowns, the city held a big Fourth of July celebration on Sunday — the annual Macy’s fireworks show, which organizers say was the city’s first large-scale public event, helping kick off summer and a full reopening. As CBS2’s Lisa Rozner reported Sunday, there was a ton of excitement. READ MORE: Beloved Bed-Stuy Record Shop Forced To Close Its Doors, But Owners Vow To Reopen Nearby Eventually The show’s theme was a salute to the hero within, recognizing the strength of the American people. Having never been this close before, CBS2’s Lisa Rozner reported the energy was magnetic. People were just thankful for the opportunity to get outside safely and enjoy themselves. They packed both sides of the East River to see the sparks fly. The birth of our nation marked the rebirth of the Macy’s 4th of July Fireworks Spectacular. Five barges lined the East River between 23rd Street and 42nd Street, and shot off more than 65,000 shells around 1,000 feet into the air. The city skyline was the perfect...
    In this article MPeople count money at Macy's Herald Square store in New York.Andrew Kelly | ReutersWhen Americans began scouring the web last March for office supplies and toys to entertain kids at home, Macy's wasn't nearly as prepared as it wanted to be. The department store chain said Tuesday that it has begun investing in new categories for the business — including toys, health and wellness, pets and home decor — in a bid to attract fresh-faced customers but also to keep its existing customers coming back for more. "Customers have signaled for us where we've failed [in] searches," Chief Executive Jeff Gennette said during an earnings conference call. He mentioned hair products, nail accessories and gourmet food items as three other category opportunities that Macy's has not typically gone after — but it will soon. The push could make Macy's a closer competitor to big-box businesses such as Target and Walmart, which are known to offer shoppers a little bit of everything. "If you look at our website today ... you start to see some of the...
    After a 44-0 romp over rival Miramonte to cap a 5-0 season, coach Kevin Macy couldn’t help but think, ‘What if?’ His Campolindo Cougars won’t get a shot at a state title — or any postseason play in this COVID-shortened season — but Macy is confident this team could have made a run. By the end of Friday night, Macy said the Cougars were doing all they could not to run up the score on Miramonte, which fell to 1-4, but the final minutes of the rout were some of the only playing time Campo’s juniors had seen all season. The win was Campolindo’s 10th straight over Miramonte and the 44-point margin of victory the largest in this rivalry since at least 2004. “They were on fire because they hadn’t played all year,” Macy said. Senior quarterback Jacob Griessel opened the scoring for the Cougars with three touchdown passes in the first half, including a 92-yard bomb to senior receiver Maxwell Weaver. Senior linebacker Jake Leuteneker recovered a fumble on one of Miramonte’s first drives,...
    Bill Clinton's brother Roger has been spotted for the first time in years as it's emerged that he refuses to ever meet his young grandson. The former President's younger half-brother, 64, looked a little worse for wear in exclusive DailyMail.com photos as he was spotted near his home in Torrance, California, where he has been holed up during the pandemic with his 32-year-old partner Malory Parker. Roger – who has been at the center of scandals for decades – has never met the child who is believed to be his only grandchild, who turned three earlier this month, a family source tells DailyMail.com. The former wannabe rock star walked out on love child Macy Smit's mother Martha Spivey when she was pregnant and has refused to be a part of their lives ever since. When 29-year-old hairstylist Macy's own son was born in February 2018, Roger is said to have sent a picture but made no attempt to see the little boy in person. A family source exclusively told DailyMail.com: 'Macy and her mom are done with trying to have...
    New York (CNN Business)The pandemic has slammed Macy's and other department stores. But signs of a recovery are beginning to emerge.Macy's said Tuesday that it turned a profit for the first time in the pandemic, making $160 million during the 13 weeks ended Jan. 30, down from $340 million in the same stretch a year ago.To be sure, Macy's is still struggling. Sales at stores open for at least one year dropped 17.1% during the period. Net sales dropped to $6.8 billion, from $8.3 billion during the same quarter last year.But Macy's (M) beat out Wall Street's projections, sending its stock up 1% during pre-market trading Tuesday. Heading into Tuesday, Macy's stock had dropped 5% over the past year.Neil Saunders, managing director at GlobalData Retail, said in a note to clients that the results were a "marked improvement" and show that Macy's is "slowly climbing its way out of the depths."Read MoreUS retail sales jump 5.3% in JanuaryThe pandemic has created a stark divide in retail. It has hurt department stores and mall-based retailers that were forced to close when...
    People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City.Angela Weiss | AFP | Getty Images Macy's on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off. Here's how the company did during the first quarter ended Jan. 30 compared with what analysts were anticipating, based on a poll by Refinitiv: Earnings per share: 80 cents, adjusted, vs. 12 cents, expected Revenue: $6.78 billion vs. $6.5 billion, expected Net income for the quarter ended Jan. 30 fell to $160 million, or 50 cents per share, from $340 million, or $1.09 per share, a year earlier. Sales fell to $6.78 billion from $8.34 billion a year ago. Macy's said its same-store sales, on an owned plus licensed basis, fell 17.1% from 2019 levels. Analysts were calling for a 21.3% drop, according to Refinitiv data. E-commerce sales were up 21%, and the company announced it plans for its annual online sales will eclipse $10...
    Macy Gray, 53, rose to fame in 1999 with the release of her first album, On How Life Is. She has since released ten more albums, won two Brit awards and one Grammy. She lives in Los Angeles with her three children, Aanisah, 24, Tahmel, 23, and Happy, 22. As a girl, I had zero confidence. I was a very awkward, shy kid; tall and skinny, with lots of hair that I didn’t know what to do with. And, I was bullied at school. I remember, I’d go home and cry to my mum (who was a teacher, and very strict) that people had hurt my feelings. She’d say to me, ‘You just need to turn 40!’. Back then, I didn’t understand her, but now I completely get it. Macy Gray, 53, (pictured) who lives in Los Angeles, revealed how she became more confident and accepting of her flaws at age 45 I got my first record deal at 24, but it fell through — and I ended up getting pregnant. My ex-husband Tracey did nothing for my self-esteem. I...
    A view of the Tom the Turkey float at the 94th Annual Macy's Thanksgiving Day Parade® on November 26, 2020 in New York City. Eugene Gologursky/Getty Images for Macy's Inc. This year's Macy's Thanksgiving Day Parade had a host of firsts that made the iconic event unlike any other held in previous years.  In addition to being television-only and featuring a shortened route, this year's parade included a land acknowledgement, traditional rattle song, and blessing to honor indigenous people.  The rituals honored the Wampanoag and Lenape people and took place in the Lenape territory of Manahatta, where the parade is held each year. Visit Insider's homepage for more stories. Macy's Thanksgiving Day Parade this year featured a land acknowledgement, traditional rattle song, and blessing to honor indigenous people.  The rituals honored the Wampanoag and Lenape people and took place in the Lenape territory of Manahatta, where the parade is held each year, according to a press release from Indigenous Direction, a firm that consults on indigenous cultural representations.  The blessing was aired in Wampanoag, but translates in...
    (CNN)Nothing, not even a pandemic, can dampen the holiday spirit in New York City -- but we wouldn't be here without the essential workers who remain on the frontlines of the battle against the coronavirus.That's why Macy's dedicated its 2020 holiday window displays to NYC's essential workers at their flagship Herald Square store. The animated and interactive displays, which were unveiled on Thursday, are "a form of a thank you letter to first responders, essential workers, marchers for equality, and New Yorkers who showed their grit, good humor, and hopeful spirit" during the year, according to a news release from Macy's.More than 100 "Santa helpers" -- including artists, animators, electricians and lighting experts -- designed and put together the six window displays, according to the news release. It took about two weeks to complete them, Macy's said."Macy's is part of the fabric of New York City. Our famed holiday windows this year reflect the power, grit and spirit of our resilient community," Scott Devine, Macy's vice president of visual merchandising, said in a statement. Read More"We want to thank first...
    HERALD SQUARE, Manhattan (WABC) -- Despite a year and holiday season of change amid the COVID-19 pandemic, one sign of normalcy remains: the Macy's holiday windows.This year's light show was unveiled Thursday and will stay lit throughout the holiday season.The theme for this year's display is "Give, Love, Believe" and Macy's is using the show as a way to celebrate the spirit of so many after a tumultuous year.ALSO READ | 'Secret Sister' holiday gift exchange popping up on Facebook again is a scam, BBB says"It is a thank-you letter to all essential workers, New Yorkers, first responders, marchers for equality that showed their true grit in this very challenging year," said National Windows Director Manny Urquizo.This year's display includes social distancing markers for everyone who wants to stop by and take a look.ALSO READ | Tiny owl found inside Rockefeller Christmas tree after 3 days with no food or waterEMBED More News Videos The little owl has since been appropriately renamed Rockefeller as it receives the TLC needed to recover. ----------* Get Eyewitness News Delivered * More Manhattan news*...
    By Alexis Benveniste | CNN There will be no miracle on 34th Street this year. Santa Claus won’t be visiting any Macy’s stores in 2020, ending a 159-year holiday season tradition. The department store’s tradition started in 1861, but Santa meet-and-greets won’t be happening this year because of concerns about the coronavirus pandemic. Instead, Macy’s is creating an interactive virtual experience. “To replicate the magical experience of visiting Macy’s Santaland for children and their families, we will shift to a virtual engagement this year,” Susan Tercero, Macy’s vice president of Branded Entertainment, said in a press release. It will be available online from November 27 to December 24. Macy’s will limit the number of children who can participate: up to three can take part in the customized experience at one time, the company said. The experience starts with a greeting from virtual elves who lead the way through Santa’s village and workshop, stopping to see the sights and play interactive games. At the end, kids will meet Santa through an interactive video, where they’ll be able to share their holiday...
    (CNN)There will be no miracle on 34th Street this year. Santa Claus won't be visiting any Macy's stores in 2020, ending a 159-year holiday season tradition.The department store's tradition started in 1861, but Santa meet-and-greets won't be happening this year because of concerns about the coronavirus pandemic. Instead, Macy's (M) is creating an interactive virtual experience. "To replicate the magical experience of visiting Macy's Santaland for children and their families, we will shift to a virtual engagement this year," Susan Tercero, Macy's vice president of Branded Entertainment, said in a press release. It will be available online from November 27 to December 24.Macy's will limit the number of children who can participate: up to three can take part in the customized experience at one time, the company said.The experience starts with a greeting from virtual elves who lead the way through Santa's village and workshop, stopping to see the sights and play interactive games. At the end, kids will meet Santa through an interactive video, where they'll be able to share their holiday wish list and take a selfie, which...
    There are few things as synonymous with Turkey Day as the Macy's Thanksgiving Day Parade. But this year, the beloved New York City event will be television-only for the first time in its 94-year history, Macy's announced on Monday.  Marchers will not be making their way down the traditional 2.5-mile parade route this year. The change is an effort to "avoid gathering millions of spectators in person," a company spokesperson told CBS News.  Instead, the parade's elements will be staged in and around the Herald Square area of Manhattan — the location of the iconic Macy's store, which is the traditional endpoint of the event. The massive helium character balloons, show-stopping floats and even Santa Claus will all still be in the show.  The #MacysParade will go on! We won't be marching, but we're reimagining it into a televised-only spectacle where all your fave balloons, floats & Santa Claus *safely* make their way to you. Tune in to @NBC 9AM Thanksgiving Day & check here for updates: https://t.co/1Bo9XZMmsM pic.twitter.com/n1XgeNdRKu— Macy's (@Macys) September 14, 2020 Portions of the nationwide NBC broadcast will...
    NEW YORK (CBSNewYork) – It’s shaping up to be a different kind of holiday season, as yet another iconic New York City tradition is being scrapped because of the coronavirus pandemic. The Macy’s Thanksgiving Day Parade will be dramatically scaled back. For almost 100 years now, the parade has marched through the heart of Midtown, right up to Macy’s. But this year, things will be different, CBS2’s Kevin Rincon reported. We’ve long associated the giant inflatable balloons with the Thanksgiving Day parade. People of all ages have come to the site to enjoy the tradition – but not this year. “My dad used to bring me to these parades. I used to always dream of holding the floats,” said Sam Williams. “I kind of think that’s sad, but then again, look at the times.” “I’ve worked the detail, but I’ve never actually gone to the parade. I would say it’s pointless to go. Just watch it on TV. That’s what I’ve always thought,” said James Mandela. “Who wants to be in those huge crowds? If I do watch it, I...
    Macy’s just put mall owners on notice. Over the next two years the largest department store in the world will build new, smaller stores outside of malls, chief executive Jeff Gennette said on an earnings call. “We continue to believe that the best malls in the country will thrive. However, we also know that Macy’s and Bloomingdale’s have high potential off-mall and in smaller formats,” Gennette said. The company’s shares rose by 6 percent on Wednesday on the new strategy, as well as signs that shoppers are increasingly turning to the department store chain’s app and website to stock up on clothes, mattresses, bags and furniture. Macy’s on Wednesday posted a smaller-than-expected second quarter loss of 81 cents per share on an adjusted basis — besting Wall Street’s expectations for a loss of $1.77 per share. A 53 percent surge in online sales, meanwhile, helped revenue rise to $3.6 billion, down 36 percent from a year ago but up from $3 billion in the first quarter. Macy’s first disclosed its plans to test free-standing stores before the coronavirus and...
    Macy’s just put mall owners on notice. Over the next two years the largest department store in the world will build new, smaller stores outside of malls, chief executive Jeff Gennette said on an earnings call. “We continue to believe that the best malls in the country will thrive. However, we also know that Macy’s and Bloomingdale’s have high potential off-mall and in smaller formats,” Gennette said. The company’s shares rose by 6 percent on Wednesday on the new strategy, as well as signs that shoppers are increasingly turning to the department store chain’s app and website to stock up on clothes, mattresses, bags and furniture. Macy’s on Wednesday posted a smaller-than-expected second quarter loss of 81 cents per share on an adjusted basis — besting Wall Street’s expectations for a loss of $1.77 per share. A 53 percent surge in online sales, meanwhile, helped revenue rise to $3.6 billion, down 36 percent from a year ago but up from $3 billion in the first quarter. Macy’s first disclosed its plans to test free-standing stores before the coronavirus and opened...
    The Radio City "Christmas Spectacular," starring the iconic Rockettes, has been canceled for the first time in its nearly 100-year history due to the coronavirus pandemic. It was scheduled to run from November 6 to January 3.  MSG Entertainment, which owns Radio City Music Hall, announced Tuesday that the popular show, known for iconic dance numbers like "Parade of the Wooden Soldiers" and "Living Nativity," would not go on this year. All tickets will be automatically refunded.  "We are disappointed for everyone involved with the show, as well as for the many fans who make the Christmas Spectacular a cherished part of their holiday tradition," the company said in a statement Tuesday.  Photos of New York City during the coronavirus crisis 70 photos The "Christmas Spectacular" first made its debut in 1933. The company has plans to bring the beloved show, which has been seen by over 75 million people, back next winter.  Get Breaking News Delivered to Your Inbox "We look forward to welcoming audiences back for the 2021 production, which is on sale now," it said.  So...
    Macy's is refashioning what the Black Friday sales bonanza events will look like in a pandemic after suffering a staggering $3.58 billion loss for its coronavirus-hit first quarter.  CEO Jeff Gennette told analysts Wednesday that the department store will be pivoting its Black Friday business more toward online sales and will likely be going 'full force' with holiday marketing right after Halloween.  It also will be staggering events to reduce customer traffic in the stores, and curbside pickup is going to be a 'big secret weapon' - a service it didn't offer during the holiday 2019 season. 'We have a very strong game plan about how we're going to keep this trend of digital going,' Gennette said during a conference call.  Macy's is refashioning what the Black Friday sales bonanza events will look like in a pandemic after suffering a staggering $3.58 billion loss for its coronavirus-hit first quarter. The retailer's flagship store in Manhattan is pictured last week The interior of Macy's flagship store in Manhattan is pictured packed with crowds during last year's Black Friday, a scenario...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY MELISSA FARES AND NIVEDITA BALU Macy’s Inc reported a staggering $3.58 billion loss on Wednesday for its coronavirus-hit first quarter as store shutdowns resulted in the department store chain recording a $3 billion impairment charge. The global health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees and suspend dividends and buybacks in a bid to stay afloat. “While our stores are reopened, we expect that the COVID-19 pandemic will continue to impact the country for the remainder of the year,” Chief Executive Officer Jeff Gennette said in a statement, adding that the retailer did not expect another total shutdown of stores. Macy’s, which also owns Bloomingdale’s, said net sales for the first quarter through May 2 nearly halved to $3.02 billion. The retailer’s results come as some of its peers, including J Crew, J.C. Penney and Neiman Marcus Group, have filed for bankruptcy after failing to cope with market uncertainties and mounting debt. Macy’s, which on...
    Macy's at Valencia Town Center Mall opens for curbside pickup service during COVID-19 outbreak on May 21, 2020 in Santa Clarita, California.Robin L Marshall | Getty Images Macy's on Wednesday said it swung to a first-quarter loss, in line with the retailer's previously announced estimates, as its business took a hit from the coronavirus pandemic and its sales were nearly cut in half.  Chief Executive Jeff Gennette said in a statement that nearly all of the company's stores have since reopened and are performing ahead of expectations this month, but did not provide any other further details. He added that the department store chain continues to expect a "gradual sales recovery."  "We do not anticipate another full shutdown, but we are staying flexible and are prepared to address increases in cases on a regional level," he said.  Macy's shares were falling around 1% in premarket trading.  Here's how the company did during its fiscal first quarter endi'ed May 2:  Loss per share: $2.03, adjusted  Revenue: $3.02 billion  Macy's reported a net loss of $3.58 billion, or $11.53 per share, compared with...
    New York (CNN Business)Perhaps there's some light at the end of the tunnel for battered retailers: Macy's just revealed that its first quarter won't be quite as dismal as expected. The department store previously forecast up to a $1.1 billion operating loss in its first quarter. But, as stores reopen -- 450 at last count -- customers are returning in much larger numbers than Macy's had believed possible. Macy's now expects an operating loss of "only" $969 million between February and May, Macy's said in a release Tuesday. The somewhat rosier outlook sent Macy's (M) shares nearly 10% higher in premarket trading. "Our strong digital business sales trend continued throughout May, and it is encouraging to see that as we reopen a store, the digital business in that geography continues to be strong," Macy's CEO Jeff Gennette said in the release. He also said that the reopened stores are "performing better than anticipated."Macy's will release it's complete results for the first quarter on July 1.Read MoreThe reversal is a sharp contrast from early March, when the coronavirus forced the retailer...
1