Former Macy’s CEO: This Country is Way Over-Stored Because of the Shift to Online

Consumers have now shifted up to 11 percent of their shopping online and this means that the US needs to get rid of 11 percent of their physical stores, according to former Macy’s CEO Terry Lundgren. He says that overall the consumer is healthy and spending but that doesn’t mean that physical stores shouldn’t close to match supply and demand.

Meredith Vieira Buys El Dorado Penthouse

Meredith Vieira has purchased a penthouse in the famed El Dorado building in New York City for a tidy sum. While it still hasn’t been divulged exactly what the former Today Show host paid for her new digs, the asking…

Sam’s Club Will Lay Off 2% Of Its Workers

In its largest wave of job cuts in four years, Wal-Mart Stores Inc announced Friday that it would be cutting 2 percent (2,300 jobs) of its workforce at its Sam’s Club retail warehouse chain; Sam’s Club has an estimated 116,000…

Penney Store Closings of 33 Locations Will Cut 2,000 Jobs

On Wednesday, January 15th, J.C. Penney Co. announced the shutdown of 33 stores mainly located in smaller markets that have been experiencing a continual decline in customer visits. According to Chief Executive Mike Ullman, the clothing company chain has experienced a…

Macy’s Cuts Jobs Despite Successful Christmas Sales

Bad news for Macy’s employees. The retailer announced on Thursday that it will be laying off about 2500 of its employees despite having successful earnings over the Christmas season. Macy’s announced that it intends to close a total of 5 stores…

Macy’s Job Cuts: Chain Aims To Save $100 Million

Despite its financial success over the holiday, Macy’s has announced plans for closings and layoffs for 2014. By early spring, the company will be closing five stores in Arizona, Kansas, Missouri, New York, and Utah – opening eight new ones…

Macy’s Cuts Jobs And Plans To Close Five Stores

Macy’s has created a reorganization plan and it includes closing five stores and cutting 2,500 jobs. Currently Macy’s has 840 stores in 45 states either under the Macy’s name or Bloomingdale’s name with approximately 175,000 employees. Soon they will close…

Macy’s Parade Under Fire. Again.

Remember when the Macy’s Thanksgiving Day Parade was a whimsical trip for the imaginations of generations of childhood viewers who loved to watch giant Snoopy and giant Charlie Brown float down 34th St.? Remember when people didn’t have time on…

Joan Jett Upsets Ranchers And Farmers?

The veggie-eating hit-maker Joan Jett (along with her Blackhearts) has been selected to play atop a particular Macy’s Thanksgiving Day Parade float, and some ranchers and farmers don’t seem to be too thrilled about the idea. Actually, they’re pretty ticked…

Dump Trump: Petition Calls Out Macy’s For “Birther” Ad

A SignOn.org campaign has garnered over 500,000 signatures calling for Macy’s to release Donald Trump as a spokesperson and pull him from their newest “Magic Of Macy’s” Christmas ad, all because he tugged on Santa’s beard. The petition states that…