Macy's is expanding its same day delivery service in order to compete with Amazon.» Read More
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Feb 26- Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States. Since so many peoples' salaries are off-price they also need to shop that way, "said Robert Brusca, chief economist at consulting firm Fact...
As it begins testing off-price locations, Macy's faces headwinds that its competitors didn't have to grapple with.
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Feb 24- Department store chain Macy's Inc reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that missed analysts expectations as the company invests in new lower-priced and international stores. While TJX Companies Inc and Ross Stores Inc run only off-price stores, upscale retailer Nordstrom...
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