Macy's

Macy’s, like so many other department giants, is reeling from falling sales. Dozens of it stores have shut down as it loses foot traffic to online competition. To reboot itself, Macy’s says it has a new strategy: It plans to offer more exclusive lines. Click the audio player above to hear the full story.

Department stores, those vestiges of the past, just can’t catch a break these days. Yesterday, shares of both Macy’s and Kohl’s plummeted as investors grow more pessimistic about brick-and-mortar retail in an e-commerce world. There is one silver lining: Business from store-branded credit cards is up, but it likely won’t be enough to reverse the […]

Seems like every time you turn around, another department store chain is closing locations and laying off people – Macy’s, Sears, J.C. Penney — and these are just the biggies. Since January, nearly 61,000 jobs have been eliminated in the retail sector. What kinds of jobs are being lost? And where are these workers going?  Click […]

These are tough times for department stores.

Warm weather and fewer tourists have left big retailers with too much inventory

Companies like Macy's are developing strategies to compete with online retail.

Other business partners are distancing themselves from the presidential candidate.

Macy's will open four discount stores in New York this fall.