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Macy's posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy's posted its strongest first-quarter comparable sales performance in four years on Wednesday, as the legacy department store's turnaround continues to show progress. Led by the 200 so-called reimagined stores Macy's has upgraded, comparable sales grew 3% overall during the quarter and 1.6% at its namesake banner. At Bloomingdale's, comparable sales grew 10.2%, helped by an array of buzzy brands, a "fun factor" unique in the luxury landscape and the recent bankruptcy of rival Saks Fifth...
Macy's CEO on Earnings, Brand Strategy and Outlook
Macy's Inc Photographer: Peter Foley/Bloomberg
Song Yadong holds strong at bantamweight
Song Yadong and Deiveson Figueiredo fought on Saturday in a meeting of top-10 bantamweights, and while Song secured his No. 7 position in the ESPN divisional rankings, Figueiredo fell only one spot to No. 9 with the second-round submission loss. It was Song's fourth straight fight against a former UFC champion, and he is 2-2 in those contests. At 28 years old, the Chinese fighter has time to make up ground among 135-pound contenders.
How Iran’s ‘bazaar style’ negotiation tactic is stalling deal discussions to its benefit
How Iran’s ‘bazaar style’ negotiation tactic is stalling deal discussions to its benefit The Iranian penchant for what Tehran’s foreign minister calls ‘continuous and tireless’ bargaining appears to be wearing down Donald Trump, writes Maira Butt - Bookmark - CommentsGo to comments Negotiations between the US and Iran over an end to the war on the country have been languishing in a stalemate for weeks as both sides remain intransigent about key issues including nuclear development and the...
Abel goes his own way with new Berkshire investments, including billions for AI
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) ABEL GOES HIS OWN WAY WITH NEW INVESTMENTS IN HOME BUILDING ... AND AI Buffett praises new CEO for 'fast' and 'smooth' acquisition Warren Buffett tells CNBC's Becky Quick new Berkshire Hathaway CEO Greg Abel has "launched" with his first major deal, the $6.8 billion acquisition of Taylor Morrison Home, a...
How Liminalism Became the Defining Aesthetic of Our Time
How Liminalism Became the Defining Aesthetic of Our Time This crowd-curated digital movement is one of the most pertinent and explicit reactions to our particular slice of dystopian late capitalism. Had Century III Mall in West Mifflin, Pennsylvania not closed seven years ago, the shopping center — the third-largest in the world when it opened, with 200 tenants — would be approaching its 50th anniversary. Anchored by defunct local department store chains, including Joseph Horne Company,...
Here are the 4 big things we're watching in the stock market in the week ahead
Earnings season isn't over just yet. Plus, there are plenty of other important updates coming our way this week, from influential tech conferences to jobs data and spin-off milestones. Let's dive into it all.
Velma from 'Scooby-Doo' cranks up the heat, Nick Saban dragged on Capitol Hill & the great car dealership scam
Over the hump and safely on the other side. First half of the first week of a new month in the books. Smooth sailing from here!Yesterday, I came to you live from the Hyundai dealership down the road, where the First Lady's car was getting an oil change.