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Macy’s

Business
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said. A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores.  "Retailers that were unable to adapt supply chains and implement t…

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by Chris Spiker
Business
Kohl’s Closing 27 Stores Across The US Including In Mid-Atlantic Kohl’s Closing 27 Stores Across The US Including In Mid-Atlantic
Kohl’s Closing 27 Stores Across The US Including In Mid-Atlantic Kohl’s announced Thursday, Jan. 9, the closure of 27 underperforming stores, including locations in Pennsylvania, New Jersey, Massachusetts, and Virginia, as part of its 2025 real estate changes. The closures are expected to be finalized by April 2025 and are part of the company’s strategy to strengthen its store portfolio while adapting to evolving consumer trends. Among the affected locations are stores in Pennsylvania, New Jersey, Massachusetts, and Virginia. Pennsylvania Pottstown – 351 W Schuylkill Rd. New Jersey East Windsor – 72 Princeton Hightstown Rd. Massachusetts Stoug…

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by Jillian Pikora
Business
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…

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by Joe Lombardi
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability.  "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…

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by Joe Lombardi
Business
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50,000 massage guns sold at major retailers across the country are being recalled due to more than a dozen reports of overheating and a burn injury. The US Consumer Product Safety Commission (CPSC) announced this week that Homedics is recalling tens of thousands of personal massagers that ca overheat while charging, leading to a report of fire or burn risk.  In total, approximately 46,000 are being recalled in the US, and another 41,000 in Canada, according to federal officials. The recall includes "HoMedics Therapist Select Massagers" with model number HHP-715 and a 120 VAC, 6…

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by Zak Failla
Police & Fire
Worcester Man Hid Out At Auburn Mall Store To Rob Them After Hours: Police Worcester Man Hid Out At Auburn Mall Store To Rob Them After Hours: Police
Worcester Man Hid Out At Auburn Mall Store To Rob Them After Hours: Police A 40-year-old Worcester man wound up in handcuffs this week thanks to the help of police dogs who tracked him to his hiding spot at a department store in Auburn, but police probably could have sniffed him out on their own thanks to his sweet-smelling loot.  Alex Soto hid inside of a Macy's store at Auburn Mall until after they closed in the hopes of robbing them, Auburn police tweeted on Tuesday, Aug. 30. His goal? He wanted to steal $4,000 in perfume, cologne, and sunglasses, authorities said.   It didn't work. Police dogs found him in his hiding spot after an hour of search…

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by Josh Lanier
Police & Fire
Dorchester Man Arrested Selling Heroin At Boston Macy's: Authorities Dorchester Man Arrested Selling Heroin At Boston Macy's: Authorities
Dorchester Man Arrested Selling Heroin At Boston Macy's: Authorities Police arrested a 29-year-old Dorchester man for selling heroin at a Macy's in Boston last week, authorities said.   Edison Arias, 29, was arraigned on Monday on charges of trafficking heroin under 200 grams, distribution of a Class A substance, and theft under $1,200, the Suffolk County District Attorney said.  Security at the Macy's in Downtown Crossing called police on Friday, July 22, after they said they spotted Arias selling drugs and trying to steal a shirt and called police, the district attorney said. Boston Police said they found 118 grams of heroin, cash, and two c…

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by Josh Lanier