Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
Consumer exuberance maxed out last summer and has since changed direction.
“I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
Number five in two years. Here’s the list.
What’s the deal with retailers — and retail sales?
Tickets are expensive. Alternatives are plentiful, convenient & cheap.
After “the worst-on-record unbelievably bad” November, even e-commerce gets hit, not just brick & mortar, on fears Christmas sales could be terrible.
But e-commerce is piping hot.
The dirty secret Macy’s is hiding.
Moral bankruptcy may be one of the quickest preludes to Chapter 11.