Macy’s To Streamline Management Structure; Targets Annual Savings Of $100 Mln

Macy’s, Inc. (M) announced the company has launched a multi-year program focused on growing its profitability rate by improving productivity across the enterprise. As an initial step in this productivity plan, the company has announced a restructuring that reduces the complexity of the upper management structure to increase the speed of decision making, reduce costs and respond to changing customer expectations.
RTT – Earnings

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Macy’s shares tank 17 percent on disappointing holiday sales

Shares of Macy’s plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the crucial holiday quarter due to weak demand during mid-December. Sales from Macy’s stores and third-party licensees open for more than 12 months is now expected to grow about 2 percent, lower than a…
Business | New York Post

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20 Things You Never Knew About the Macy’s Thanksgiving Day Parade

Before the bird goes into the oven, some 50 million people will feast their eyes on the 92nd annual Macy’s Thanksgiving Day Parade this turkey day. But relatively few viewers of the three-hour shindig know the real story about the historic holiday parade. Here are some festive facts—and well-kept secrets—about one of the biggest entertainment events of the year that you won’t uncover by tuning in on TV or attending in person.
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