Reed drove to Rush's home where they talked a bit. He didn't want to put any pressure on Rush to come back, but he knew the store needed him as much he needed the store. Rush convinced Reed that ...

Macy’s Will Reportedly Close More Stores A new report about the financial situation for longtime department store icon Macy’s paints an unfortunate picture about the chain’s future.

For several years now Macy’s has been working to prove its own resilience as the department store sector undergoes massive upheaval. The company’s Bold New Chapter turnaround strategy, launched in ...

One example is the dreaded death cross, a pattern that department store icon Macy’s (NYSE: M) is about to print. Ordinarily, such a glaring warning sign should convince investors to run.

Shoppers pass a Macy's department store at the Westfield Garden State Plaza mall on Black Friday in Paramus, New Jersey, U.S., on Friday, Nov. 26, 2021.

Macy’s announcement Tuesday that it will close 150 stores, or nearly a third of its total, is the result of a once-great department store industry in decades of decline.

TUPELO – As he always does, John Rush made sure his newest customer had everything he needed before he left. The customer had come into Reed's department store downtown Friday morning needing a ...