Macy’s on Tuesday said it plans to close roughly 150 underperforming stores over the next three years, the struggling retailer’s latest effort to energize its business as it seeks to fend off a proposed takeover by activist investors. The department store chain said it plans to focus on expanding its luxury brands, Bloomingdale’s and Bluemercury. […]
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Macy’s being sued over it’s new diversity plan
A conservative legal group headed by Stephen Miller, a former White House advisor to Donald Trump, has accused Macy’s of implementing a racially discriminatory diversity plan. America First Legal filed a federal civil rights complaint with the U.S. Equal Employment Opportunity Commission (EEOC) on Tuesday, according to a press release. The complaint alleges Macy’s is […]
JC Penny’s Closing 140 Stores
J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers. The company said Friday that it would shutter 13% to 14% of its locations and introduce new goods and services aimed at the shifting preferences […]