Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
macys
Macy's Denied Restraining Order Against J.C. Penney
A judge has rejected Macy's request to slap rival J.C. Penney with a temporary restraining order barring it from selling non-branded goods designed by Martha Stewart.
Macy's, J.C. Penney Resume Court Battle Over Martha Stewart
Attorneys for J.C Penney and Macy's were back in court Monday to fight over the Martha Stewart brand after a monthlong mediation period went nowhere.
Martha Stewart Denies Wrongdoing in J.C. Penney Deal
Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of J.C. Penney's stores across the country, despite a preexisting contract to sell some items exclusively at Macy's.
Macy's CEO to Testify in Fight with J.C. Penney Over Martha Stewart
Macy's Chairman, President and CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney over a partnership with home diva Martha Stewart.
Midday Market Minute: Macy's Takes J.C. Penney, Martha Stewart to Trial
Today begins the Crock-pot trial of the century: an attempt by Macy's to block a deal between Martha Stewart Living Omnimedia and J.C. Penney. Macy's says it has exclusive rights to sell Martha Steward-branded products, which her company's pact with Penney's violates.
The Best (Not-MLK) Sales This Weekend
Retailers tend to shy away from running big promotions associated with Martin Luther King, Jr. Day. But it's still a long weekend, and people like to use their day off to shop. Here are a few of the weekend's best deals.
U.S. Retail Sales Rose 0.5 Percent in December
U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. Steady job growth and lower gas prices kept consumers shopping for the holidays, despite worries about potentially tax increases.
Big Retailers Fined for Pushing Phony Bamboo Fabrics
Macy's, Amazon and Sears have all agreed to fork over hundreds of thousands of dollars each in fines after the Federal Trade Commission busted them for passing off Rayon fabrics as genuine, environmentally friendly bamboo.
Despite Strong December Sales, a Mixed Holiday Season for Retail
The retail industry is reporting some much-needed good news in the form of stronger-than-expected December sales figures. But those numbers seem to have come as a result of desperate last-minute discounting, suggesting reduced profit margins and an increasingly hard-to-please American shopper.
$19,000 Worth of Macy's Watches Stolen in 13 Seconds
A Macy's in Texas was the site of a shocking crime several weeks ago, when three man walked into the Macy's at Firewheel Town Center in Garland. They grabbed displays of watches on the counter breaking the chains and taking off -- with 80 pieces off merchandise.
Now That the Election is Over, Retailers Would Like Your Attention
The good news is that the election is behind us, so expect political ads to disappear from the airwaves. The bad news is that you can now spend the next six to seven weeks getting thoroughly sick of Christmas advertising.
J.C. Penney New Shops Shine, Rest of Store Sales Tough
J.C. Penney's new shops within stores are doing much better than other parts of its department stores, but it is "way too early to draw conclusions" as the retailer is still rolling out the strategy, Chief Executive Ron Johnson said.
Gas Prices, Cars Push US Retail Sales Up 0.9%
U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending.
Macy's Sues J.C. Penney Over Martha Stewart Deal
Macy's took its legal battle over its agreement to exclusively sell certain Martha Stewart items directly to J.C. Penney on Thursday, accusing the rival department store chain of interfering with its contract with the home goods designer.