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Macy's Inc. reported a first-quarter loss of $88 million compared to a loss of $59 million a year earlier. With consumers still spending cautiously, sales were off 9.5%. The results reflect the gloomy retail environment, but also show that four years after paying $18 billion for rival May Department Stores...
Posted on May 13, 2009 4:34 PM
Our post on Monday about Macy's Inc. shifting course on its integration of Chicago's Marshall Fields and other venerable local department stores drew 10 comments, a lot for us. Turns out we were picked up by fieldsfanschicago.org, a site dedicated to denouncing (and perhaps undoing) the conversion of Fields into...
Posted on April 24, 2008 3:57 PM
Department stores no longer seem to work as local businesses. Federated's Terry Lundgren has bet $16 billion he can make them work nationally.
Posted on December 15, 2005 5:21 PM
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