Macy’s posted solid gains in the first quarter beating analyst sales and earnings estimates and posting double-digit comparable sales gains. Macy’s posted a first-quarter net income of $286 million, or 98 cents per diluted share, versus $103 million, or 32 cents per...
Macellum Advisors has issued a letter to Kohl’s Corp. shareholders asking them to vote for its slate of candidates for the retailer’s board of director nominees rather than those proposed by the company. The letter appears over the signature of Jonathan Duskin,...
As the company continues its growth in the New York metropolitan area, Wegmans Food Markets has announced it will open its first Long Island store in the community of Lake Grove, NY. The 100,000-square-foot store will operate in the DSW plaza at the corner of Middle...
As the company expands its digital business, Macy’s has announced plans to open a new 1.4 million square foot, $584 million fulfillment center in China Grove, NC. Set to open in 2024, the China Grove Fulfillment Center will constitute almost 30% of Macy’s digital...
Macy’s will expand the number of Backstage shops offered in its department stores from April through June with 37 new off-price operations set to debut. The Backstage shops will range from 11,000 to 16,000 square feet of retail space, stocking housewares and apparel,...
