Consumers power the U.S. economy, and their capacity to spend has repeatedly defied predictions. In early 2020, after a short but severe recession caused by the pandemic, consumers splurged on […]
Macy’s Inc
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Back to news homeRetailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers
As many of America’s best-known retailers reported better-than-expected quarterly earnings this week, buoyed by shoppers who continued to spend through stubbornly high inflation, they all seemed to arrive at the […]
The Retail C.E.O. Pipeline Is Running Dry
“We’re seeing a lot more folks in the consumer space coming to us to say, ‘Hey, can you help us train our people with these skills and not just train […]
With Layoffs, Retailers Aim to Be Safe Rather Than Sorry (Again)
The retail industry is trying to figure out its correct size.Retailers, faced with sky-high demand from shoppers during the pandemic, spent the past three years ramping up their operations in […]
Black Friday Shoppers Worry About Economy as Retailers Push Sales
On its website, the mall owner CBL highlighted the discounts that stores like H&M and the children’s apparel retailer Carter’s were offering. Other retailers employed a similar strategy in the […]
The Holiday Shopping Season Is Here, but Is It Back?
The pandemic is not over but with the help of vaccinations and Covid-19 safety precautions, Santa Claus is feeling much better about coming to town this year.Stephen Arnold, president of […]
Why Retailers Are Fighting a Vaccine Mandate Before the Holidays
The holiday shopping season has arrived, and retailers are ringing it in by doing everything from cutting prices to stocking showrooms to lure back customers who stayed at home last […]
Retailers Scramble to Attract Workers Ahead of the Holidays
Macy’s is offering referral bonuses of up to $500 for each friend or family member that employees recruit to join the company. Walmart is paying as much as $17 an […]
Retailers’ Latest Headache: Shutdowns at Their Vietnamese Suppliers
After a bruising 18 months of the pandemic, this fall represented a fresh start for the apparel company Everlane. It was preparing to release a slew of new products, with […]
What Are We Going to Wear?
A festive cape, draped from your shoulders, paired with a dress and glitzy heels while you sip on mulled wine. That’s the sort of scene Macy’s was envisioning for holiday […]