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Macy’s

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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 VA Kohl’s Closing 27 Stores Across The US Including In VA
Kohl’s Closing 27 Stores Across The US Including In VA 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
Virginia Macy's Store, Recently Approved For Redevelopment, Among 5 To Shutter Across U.S. Virginia Macy's Store, Recently Approved For Redevelopment, Among 5 To Shutter Across U.S.
Virginia Macy's Store, Recently Approved For Redevelopment, Among 5 To Shutter Across U.S. A Virginia Macy's store is among a handful to shutter across the U.S., a spokesperson confirmed. Macy’s will close five full-line locations located at Ballston (Arlington, VA), Bay Fair (San Leandro, CA), Kukui Grove (Lihue, HI), Simi Valley Town Center (Simi Valley, CA), and Governor’s Square (Tallahassee, FL). The closures mean more than 2,300 employees will be laid off, CNN reports. A Macy's spokesperson said its workforce will be reduced by 3.5% "to become a more streamlined company." “At Macy’s, we continue to reposition our store fleet to better meet the needs of our customers i…

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by Cecilia Levine
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
Armed Manassas Mall Macy's Robber Nabbed: Cops Armed Manassas Mall Macy's Robber Nabbed: Cops
Armed Manassas Mall Macy's Robber Nabbed: Cops A 31-year-old woman has been arrested for slashing a loss prevention officer before stealing items from Macy's in Manassas, police said. Valerie Rene Polovitch, of Manassas, was spotted taking items from shelves and placing them into a bag, then walking toward the exit on Aug. 25, at the Manassas Mall, county police said.  Before she left the store, Polovitch pulled out a knife and cut the loss prevention officer who confronted her, police said. She fled in a waiting brown Chrysler Pacifica. Minor injuries were reported.  On Sept. 6, officers obtained warrants for Polovitch's ar…

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by Cecilia Levine
Police & Fire
$15K In Merch Stolen From Fairfax County Mall Seized From NY Theft Crew $15K In Merch Stolen From Fairfax County Mall Seized From NY Theft Crew
$15K In Merch Stolen From Fairfax County Mall Seized From NY Theft Crew Three New York residents arrested and charged with running an organized theft ring and stealing more $15,000 in merchandise from retailers at the Tysons Corner Center in Fairfax County, authorities said. On Tuesday, Sept. 19, the Tysons Urban Team responded to the Tysons Corner Center after an employee at Sunglass Hut reported a theft, police said. Officers were able to locate three suspects and recovered the stolen merchandise, which included items from H&M, Macy's, Nordstrom, Victoria's Secret, American Eagle, Express and Guess, Fairfax County police said. Jordan Pastrana-Roncancio, 2…

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by Sam Barron
Police & Fire
Younger Sister Of DC Retail Robber Turns Herself In After Being Released For DMV Crime Spree Younger Sister Of DC Retail Robber Turns Herself In After Being Released For DMV Crime Spree
Younger Sister Of DC Retail Robber Turns Herself In After Being Released For DMV Crime Spree Christmas came early for police in Maryland investigating a brother-sister duo from DC who operated an elaborate crime spree that saw them targeting dozens of retailers throughout. the DMV region. Regina Christmas, 21, has turned herself in for her role in a pack retail theft scheme with several minors with her brother Shaquille Pittman, 28, who was arrested last week. Christmas was initially arrested in late June, though she was later released.  On Wednesday, July 19, the Montgomery County Department of Police announced that she has turned herself in and is being held without bond at…

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by Zak Failla
Police & Fire
Siblings Lead DC Teens On Crime Spree Hitting 80+ Stores Across DMV: Police Siblings Lead DC Teens On Crime Spree Hitting 80+ Stores Across DMV: Police
Siblings Lead DC Teens On Crime Spree Hitting 80+ Stores Across DMV: Police The family that steals together stays together? A brother-sister duo from DC and four teens are all facing charges for a crime spree throughout the area where they targeted dozens of retail stores in groups to steal tens of thousands of dollars worth of products. Shaquille Pittman, 28, and sister Regina Christmas, 21, are facing charges in Montgomery County for a near two-month string of robberies, some of which they hit more than once while using carjacked vehicles for transportation. The pack retail thefts were reported between Friday, April 28 and Thursday, June 15. Police say that P…

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by Zak Failla
Business
Clarks Americas Recalls Women’s Shoes For Potentially Dangerous Chemical Hazard Clarks Americas Recalls Women’s Shoes For Potentially Dangerous Chemical Hazard
Clarks Americas Recalls Women’s Shoes For Potentially Dangerous Chemical Hazard Eight styles of women’s shoes are being recalled across the globe by Clarks due to concerns about toxins inside the product, the retailer announced. The US Consumer Product and Safety Commission (CPSC) issued an alert regarding a recall of approximately 113,000 shoes under the "Breeze" style name that were sold stateside and an additional 10,000 in Canada that pose a potential chemical hazard. "Prolonged and direct contact with the shoes’ upper material can expose the wearer to the chemicals benzidine and/or dimethoxybenzidine, which are toxic and can cause adverse health effects,” accordin…

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by Zak Failla
Police & Fire
Macy's Thief Sought By Prince William Police Macy's Thief Sought By Prince William Police
Macy's Thief Sought By Prince William Police The Prince William Police Department is asking the public for their help identifying a man they say stole an employee's phone at a Macy's in Manassas.  The suspect allegedly attempted to steal items from the Macy's store in the Manassas Mall before snatching the employee's phone and fleeing the scene on April 14.  The suspect is described as a black male with a light complexion in his mid to late twenties with short black hair. He was last seen wearing a blue shirt, light blue jeans, and carrying a leather satchel. Anyone with any information on this man is asked to call the poli…

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by Annie DeVoe