Department store chain Macy’s is set to close more than a dozen stores in 2026 as part of an ongoing financial strategy. In a memo sent to employees this week, Macy’s CEO Tony Spring confirmed the ...

Macy's beat Wall Street's fiscal fourth-quarter expectations, but gave a cautious outlook for the year ahead. The company said its plan to refresh many of its namesake stores while closing others is ...

Sarina Trangle started as a corporate news reporter in October 2024. She previously spent four years on the business desk at Newsday, covering the health industry, commercial real estate and cannabis.

NEW YORK — Macy’s reported stronger-than-expected profits in the crucial fourth-quarter and comparable sales rose again. The department store said an overhaul of its merchandise and improved customer ...

Macy’s Inc. Chief Executive Officer Tony Spring said he looks to an unexpected competitor as he works to turn around the department store operator: Costco Wholesale Corp. “There’s love for the Costco ...