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☆ Organized retail theft ring that targeted Macy's, other retailers is charged in New York
▼ + stars: | 2024-05-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. "Through our investigation, we found that Rehana's Cosmetics was well-known to shoplifters, who would willingly bring them stolen items," Bragg said. Manhattan District Attorney Alvin Bragg announced an indictment relating to more than $1 million in stolen goods as part of a retail theft fencing operation. The charges come as retailers such as Target and Ulta increasingly cite theft as a growing problem at their stores. In March, a monthslong CNBC investigation showed how police broke up an organized retail crime ring that stole millions in cosmetics from Ulta stores and resold them on Amazon .

Persons: shoplifters, Bragg, Rehana's, Alvin Bragg, Attorney Alvin Bragg Organizations: Empire, Manhattan, Attorney, CNBC, Attorney's Office, CVS, Manhattan District Locations: New York City, Midtown Manhattan, borough's, New York

☆ Macy's proxy fight is over, but the battle for the department store's future wages on
▼ + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.

Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City

☆ Arkhouse bid for Macy's nears diligence, but activist to continue proxy fight
▼ + stars: | 2024-03-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

A bid from Arkhouse Management and Brigade Capital to take retailer Macy's private has moved closer to due diligence after weeks of delay, but the activist group plans to continue its proxy fight while negotiations progress. Macy's sent the activist a draft confidentiality agreement earlier this week, after months of meetings and engagements between the two sides, Arkhouse said in a proxy filing Thursday. The proxy filing and exhibits show that as the deadline to launch a proxy fight neared, Arkhouse asked Macy's in February to extend its nominating window to "avoid any heightened tension that may accompany" launching a rival slate. The two sides have been negotiating the terms of the agreement this week, the proxy filing shows. In light of the proxy fight and media reports, Gennette said Macy's board was "puzzled by your request for confidential treatment."

Persons: Macy's, Arkhouse, Jeff Gennette, Gennette Organizations: Arkhouse Management, Brigade Capital, Brigade, Fortress Investment Group, One Investment Management, Macy's Inc Locations: New York City, Arkhouse

☆ Macy’s posts another quarter of falling sales as it unveils strategy to get back to growth
▼ + stars: | 2024-02-27 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Macy's on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. Macy's plans to close about 150 unproductive locations and to prioritize investing in about 350 other namesake locations. In the fiscal year that starts in early 2025, Macy's said it expects low-single digit comparable sales growth on an annual basis, including owned, licensed and marketplace sales. The namesake store's comparable sales on an owned-plus-licensed basis dropped by 4.7%, as the women's shoes and cold weather apparel and accessories categories struggled. At Bloomingdale's, comparable sales declined 1.6% on an owned-plus-licensed basis, as the men's and designer handbag businesses came in soft.

Persons: Spring, Tony Spring, Macy's, Arkhouse Organizations: Arkhouse Management, Brigade Capital Management, LSEG, Revenue Locations: New York City, Macy's

☆ CNBC Daily Open: U.S. consumers upbeat on the economy
▼ + stars: | 2024-02-20 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Alibaba's overseas betChinese e-commerce giant Alibaba Group is placing its bets on overseas businesses as domestic growth remains weak. [PRO] Only two ETFs shineThere were only two exchange-traded funds in the world that made money every year for the past decade. Both invested in defensive stocks and stood out among 8,300 equity ETFs worldwide, screened by CNBC Pro using FactSet data.

Organizations: Macy's Herald, CNBC, Nasdaq, Dow Jones, Home Depot, Walmart, Discover Financial Services, Alibaba, Bank, CNBC Pro Locations: Macy's, New York City, U.S

☆ New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
▼ + stars: | 2024-02-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right. Spring will step onto a bigger stage and inherit the iconic department store's issues when he takes over the role of Macy's CEO on Sunday. He said after leading "the better-run part of the business" in Bloomingdale's, Spring needs to bring those "softer skills" to Macy's. Wooing investors and brandsIn his new role, Spring will have to charm investors, shoppers and hot brands. Macy's struggles have turned the retailer into a target for the activist investors Spring will face down as he becomes CEO.

Persons: Spring, Jeff Gennette, Melissa Repko, Macy's, Tony Spring, Bloomingdale's, Neil Saunders, Gennette, Tony, I'm, Sandro, Alice, Olivia, GlobalData's Saunders, Saunders, Jan, Arkhouse, Gavriel Kahane Organizations: CNBC, Herald, Investors, Maxx, Walmart, Cornell University, Arkhouse Management, Brigade Capital Management Locations: New York, Macy's, White Plains , New York, Bloomingdale's

☆ Macy’s is laying off workers and closing five stores
▼ + stars: | 2024-01-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

David McLane/NY Daily News Archive/Getty Images The first Macy's store, on New York's Sixth Avenue, is seen circa 1880. New York Times Co./Hulton Archive/Getty Images Workers sort parcels at a Macy's store circa 1942. Fritz Goro/The LIFE Picture Collection/Shutterstock Women show dolls to children at a Macy's store around Christmas in 1942. Fred Morgan/NY Daily News Archive/Getty Images The Radio City Rockettes march in the Macy's Thanksgiving Day Parade in 1966. Amy Sussman/AP Images for Macy's This Macy's store in West Palm Beach, Florida, was one of dozens of stores that the company announced it would be closing in 2017.

Persons: David McLane, Santa Claus, Fritz Goro, Bernard Hoffman, Rita Hayworth's, Nina Leen, Fred Morgan, Paul DeMaria, Jean, Erick Pasquier, Monica Almeida, Chris Hondros, Timothy Fadek, Andrew Craft, Eric Thayer, Eduardo Munoz, Andrew Kelly, Amy Sussman, Joe Raedle, Charles Krupa, Gary Hershorn, Macy’s Organizations: New, New York CNN — Veteran, CNN, Street Journal, Commerce Department, NY, The New, Historical Society, of Congress, Santa, Bettmann, . New York Times Co, Hulton, Getty, Keystone, Herald, Macy, City, Workers, Fayetteville Observer, USA, Reuters Shoppers, Reuters, Saxon Middle School Choir, Downtown Burlington High School, Corbis Locations: New York, ., France, Fayetteville , North Carolina, Bay Shore , New York, West Palm Beach , Florida, Burlington , Vermont, New York City, Santa Claus

☆ Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers
▼ + stars: | 2023-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

And Ulta Beauty and Foot Locker 's shares rose this week, after the companies reported better-than-expected earnings and a strong start to holiday spending on sneakers, makeup and more. Adobe predicts that full holiday season online spending from Nov. 1 to Dec. 31 will hit $221.8 billion, which would be a nearly 5% year-over-year jump. If the estimate ends up being correct, that means shoppers still have a little more than half of their online holiday spending to go. The NRF said this week that its survey found about half of consumers' online and in-store holiday shopping remains. "People are just about tapped out, but [with] the holiday season, people are willing to even further extend themselves," he said.

Persons: Emily Elconin, That's, Dave Kimbell, Ulta, Matt Shay, Anastasiia, It's, Vivek Pandya, Pandya, Kena Betancur, Scott Wren, Wells, Shannon Stapleton Organizations: Getty, Adobe Analytics, National Retail Federation, Consumers, Walmart, Target, Adobe Digital, Adobe, Macy's, U.S . Federal, Shoppers, Reuters Locations: Oaks, Novi , Michigan, New York , New York, Wells Fargo, Macy's, Roosevelt, Garden City , New York, U.S

☆ The tug-of-war is on between deal-hungry shoppers and retailers wary of giving them throw-away prices on Black Friday
▼ + stars: | 2023-11-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

So are the start-of-the-season deals enticing enough for shoppers or are they holding out in a cat-and-mouse game with retailers? Michael Brown, retail industry leader and partner with management consulting firm Kearney, said the much earlier-than-usual jumpstart to holiday sales this year could be to blame. Shoppers will be holding out for better deals,” he said. Kena Betancur/Getty ImagesTotal holiday sales this year are expected to come in softer compared to last year. He said there were plenty of 25% off Black Friday deals mall-wide and some deeper 40% off promotions for early-bird shoppers.

Persons: New York CNN —, Michael Brown, Kearney, ”, Brown, Emily Elconin, Marshal Cohen, ” Cohen, Barbie, Willing, they’ve, Kena Betancur, Brian Schroeder, Kendra Scott, “, Aeropostale, Aritzia, Shannon Stapleton, Marc Rosen, Rosen, ” Rosen, Nathaniel Meyersohn Organizations: New, New York CNN, “, Shoppers, Black, National Retail Federation, Adobe Analytics, Disney Little, Marvel, Macy's, Brookfield Properties, Brookfield Asset Management, Nike, Apple, Simon Property Group, JCPenney Locations: New York, Oaks, Michigan, New York , New York, La Cantera, San Antonio , Texas, Brookfield, Roosevelt, Garden City , New York, Penney

NEW YORK (AP) — Stores stepped up discounts and other enticements on Black Friday to entice shoppers holding out for the best deals. Many retailers ordered fewer goods for this holiday season and pushed holiday sales earlier in October than last year to help shoppers spread out their spending. Political Cartoons View All 1265 ImagesBut this year, retailers said more shoppers are focusing on deals and waiting until the last minute. Salesforce said online sales rose 1% to about $7.5 billion year-over-year on Thanksgiving, as retailers offered better deals. The group has forecast that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago.

Persons: Yvonne Carey, Michael Kors, Cary, ” Carey, Jeff Gennette, Macy's, Gennette, Kohl’s, Brian Cornell, Salesforce, Sensormatic, Marshal Cohen, “, ” Cohen, ‘, Alexandra Olson, Anne Organizations: Herald, Macy’s Herald, Associated Press, Disney Princess, Target, New Jersey State Police Bomb Unit, Global, National Retail Federation, Adobe Analytics, Adobe, Solutions Locations: Manhattan, Macy’s, New Jersey, New York City, U.S, New York

☆ Macy's stock pops 10% as inventory, margin improvement help profit beat estimates
▼ + stars: | 2023-11-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Macy's on Thursday topped Wall Street's quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales. It raised the low end of its expected sales range to $22.9 billion from $22.8 billion. The company's strongest sales have come from higher-end department store chain, Bloomingdale's, and its beauty chain, Bluemercury. Overall, on an owned-plus-licensed basis, the company reported a same-store sales decline of 6.3%, better than the 7.75% decline expected by analysts. The company's stock has struggled this year, falling nearly 39% compared to the 17% gains of the S&P 500.

Persons: Macy's, Bluemercury, Bloomingdale's Organizations: Macy's Herald Locations: Macy's, New York, LSEG

☆ Three tips to maximize benefits during open enrollment
▼ + stars: | 2023-11-08 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

More than two out of three employees (67%) spend less than 30 minutes reviewing benefits options during open enrollment season, while almost half spend less than 20 minutes, a new Voya Financial survey shows. To get enrollment over with quickly, more than 90% of employees click the same options as last year, a new report by insurer Aflac shows. Compound that figure from enrollment every November, and you can see how your options can create a solid financial future or a shaky one. "Open enrollment isn't just a formality. After all, things might have changed since the previous open enrollment.

Persons: Eric Thayer, Sean Lovison, Jack Heintzelman, Spenser Liszt, Liszt, Nate Black, Black, it's, Chris Taylor, Lauren Young, Richard Chang Organizations: Macy's, of Labor Statistics, Employers, Employees, Thomson Locations: New York, Moorestown , New Jersey, Needham Heights , Massachusetts, Dallas

☆ A rat exterminator who's helped successfully eliminate nearly 100% of rats in a section of NYC says people clap, cheer, and offer him free beer when he comes around
▼ + stars: | 2023-11-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

New York City has millions of rats. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThere are millions of rats in New York City. Matt Deodato, the owner of Urban Pest Management, told Insider he's killed thousands of rats with the method. A rat climbs into a box with food in it on the platform at the Herald Square subway station in New York City.

Persons: Matt Deodato, —, he's, Deodato, He's, chewers, New York City Bethany Brookshire, Val Curtis, Michael Parsons, Mongabay, Parsons, Gary Hershorn Organizations: Service, Urban Pest Management, London School of Hygiene, Tropical Medicine, Geographic, Herald, Smithsonian Locations: York City, New York City, New York

☆ Target says it's closing 9 locations over crime, but New York City crime stats surrounding its East Harlem store tell another story
▼ + stars: | 2023-10-07 | by ( Dominick Reuter | Jennifer Ortakales Dawkins | Alex Bitter | ) www.businessinsider.com time to read: +8 min

The company plans to open a location on 125th Street — less than 2 miles from the East Harlem store. A police cruiser outside a boarded-up retail store near Union Square in San Francisco in November 2021. Ethan Swope/Getty ImagesIn San Francisco, another complicated narrative on crimeIn San Francisco, a Target on Folsom Street location went viral earlier this year for its aisles of locked-down merchandise . AdvertisementAdvertisementWalgreens had been closing thousands of stores for years before it decided the fate of the five San Francisco locations. "That's why we're actively collaborating with legislators, law enforcement, and retail-industry partners to advocate for public-policy solutions to combat organized retail crime."

Persons: —, Djeneba Kone, she's, Brian Cornell, Jim Joice, Jennifer Ortakales Dawkins, Kone wasn't, That's, there's, Ethan Swope, shoplifters, James Kehoe, Kehoe, Cornell, we're Organizations: Service, Target, Aldi, Costco, East Harlem, New York City Police, St, Herald, East, Seattle Times, San Francisco Police Department, Walgreens, San, San Francisco Chronicle Locations: Harlem, Manhattan , New York, New York, San Francisco, Seattle, Spanish Harlem, El Barrio, Manhattan, Bronx, East Harlem, Columbus, SoHo, Folsom, Target's, Francisco

☆ Morning Bid: Retail sales and a call to Arm
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

A sharply lower number might be seen by markets as giving confidence to the Federal Reserve that its work is done. Consumer inflation data on Wednesday - the most important scheduled release of the week - did little to change expectations the Fed will not rates interest rates at next week's meeting. Thursday's main event globally is the ECB rate decision. Ahead of the decision the euro was up a touch against the dollar, but near a three month low at $1.0739. Chinese auto makers' shares fell on the news of the European probe, as did European car makers after the Chinese response.

Persons: Kate Masters, Alun John, you've, Toby Chopra Organizations: company's Herald, REUTERS, Central Bank, Federal Reserve, European Commission, Arm Holdings, Reuters, Thomson Locations: Macy's, company's, New York City, U.S, Thursday's, Europe, Beijing, European

☆ Spider-Man 2’s New York Is a Web of Skyscrapers and Brownstones
▼ + stars: | 2023-09-09 | by ( Zachary Small | More About Zachary Small | ) www.nytimes.com time to read: +1 min

Reality and fantasy were deeply intertwined in Marvel’s Spider-Man, where gamers swung from webs above Lincoln Center and leaped from the Empire State Building’s spire into the crowds leaving the subway station at Herald Square. The comic book icon also brought his own landmarks to that version of New York City, which hosted the Avengers headquarters a few blocks north of the United Nations and a supervillain prison in the East River. The designers at Insomniac Games are now expanding the superhero’s jurisdiction beyond Manhattan for the sequel, to be released for the PlayStation 5 on Oct. 20. Marvel’s Spider-Man 2 swells into Queens and Brooklyn (including Coney Island attractions), testing a design team responsible for nearly doubling the real estate of the 2018 original. The game’s design director, Josue Benavidez, said his research involved contacting organizations like the Center for Brooklyn History, posting on Reddit groups devoted to the borough and calling businesses near the buildings he was studying.

Persons: Josue Benavidez Organizations: Lincoln Center, Empire, Herald, Avengers, United Nations, Insomniac Games, PlayStation, Insomniac, for Brooklyn Locations: New York City, East, Manhattan, Queens, Brooklyn, Coney, United States, Burbank , Calif, Durham, N.C

☆ Macy's to open four more smaller stores, as strip mall experiment shows early signs of success
▼ + stars: | 2023-08-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

On a call with CNBC on Tuesday, CEO Jeff Gennette said Macy's smaller stores outperformed the company in the most recent quarter. Macy's already opened 10 similar stores to test the new concept. Some are called Market by Macy's, a mini version of the Macy's namesake stores, and others are named Bloomie's, a smaller version of upscale department store Bloomingdale's. watch nowWith the four new locations, Macy's will test a fresh approach: Calling them by just its name, Macy's. Two new store concepts by Macy's: Market by Macy's and Bloomie's.

Persons: Macy's, Jeff Gennette, Gennette, Melissa Repko Organizations: Herald, View Press, CNBC, Polaris, Macy's Locations: New York City, Boston, Las Vegas, San Diego, Indiana, Dallas, Fort Worth, Texas, Seattle

☆ As Macy's stock struggles, the retailer bets on private brands with more modern looks
▼ + stars: | 2023-07-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

NEW YORK — Macy's , the 165-year-old department store chain, is looking for ways to keep up with the newer kids on the block. On Wednesday, it showed off its newest private brand, On 34th, at its Macy's Herald Square flagship. The brand, named after the legacy store's Manhattan location, is made of up of women's clothing and accessories. The department store operator cut its full-year outlook last month, after seeing consumers pull back on purchases of clothing and other items. Some of Wall Street's worries are company-specific, as investors question whether the legacy department store can keep up with shoppers' changing tastes.

Persons: Tony Spring, Jeff Gennette, Nata Dvir, Gennette, Macy's Organizations: NEW, Target, Herald, Consumers Locations: Manhattan

☆ Smoke will keep pouring into the US as long as fires are burning in Canada
▼ + stars: | 2023-07-01 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

Massive fires burning in remote areas – like some of those currently burning in northwestern Quebec – are often too out of control to do anything about. Ed Jones/AFP/Getty Images Smoke from wildfires in Canada shrouds the view of the Statue of Liberty on Friday in New York. Jim Watson/AFP/Getty Images Smoke and haze is seen from the Lincoln Memorial in Washington, DC, on Tuesday, June 27. Matt McClain/The Washington Post/Getty Images Smoke from Canadian wildfires obscures the visibility in Pittsburgh on June 8. Another issue is the increase in the wildfires are caused by climate change, and are simultaneously making climate change worse.

Persons: ” Robert Gray, you’ve, they’re, “ There’s, don’t, ”, Daniel Perrakis, ” Gray, Shiraaz Mohamed, Gray, “, ” Perrakis, Ed Jones, David Dee Delgado, Gary Hershorn, Haze, Gene J, Jim Watson, Megan Smith, Kamil Krzaczynski, Cpl Marc, Andre Leclerc, Drew Angerer, Shannon Stapleton, Ronald Reagan, Saul Loeb, Matt McClain, Emmalee Reed, Hannah Beier, Mandel Ngan, New York City, Timothy A, Clary, Mike Segar, John Minchillo, Shanita Hancle, Seth Wenig, Matt Rourke, Ting Shen, Matt Slocum, Amr Alfiky, John Meore, Leah Millis, George Washington, Peter Carr, Yuki Iwamura, Kareem Elgazzar, Carlos Osorio, Frank Franklin II, Merrily Cassidy, Spencer Colby, Jason Rock, BJ Fuchs, Anne, Sophie Thill, we’ve, it’s Organizations: CNN, Canadian Forest Service, Firefighters, Getty, ” “, Nature Conservancy, Rockefeller Center, North, Corbis, PNC Park, Major League Baseball, Pittsburgh Pirates, San Diego Padres, Traffic, Chesapeake, Lincoln Memorial, USA, People, Canadian Forces, Reuters, BC, Service, Xinhua, Ronald Reagan Washington National Airport, Washington Post, Bloomberg, Capitol, Trade, AP Transit, T, Alberta Wildfire, New, New York City, Getty Images Workers, Citizens Bank, Philadelphia Phillies, New York Yankees, Empire, George Washington Bridge, New York State Thruway, Cincinnati Enquirer, Cape Cod Times, Anadolu Agency, Canadian Press, AP, Wildfire Service, Communications, Space, NASA, Reuters Firefighters, Kamloops Fire Rescue, Shining Bank Locations: Wisconsin, Vermont, North Carolina, Canada, Quebec, Canadian, British Columbia, Alberta, Ontario, Mexico, Costa Rica, Chile, Spain, Australia, New Zealand, South Africa, South Korea, France, AFP, New Jersey, Manhattan, New York, North America, New, Pittsburgh, Stevensville , Maryland, Washington ,, Chicago, Lake Michigan, Mistissini, Ronald Reagan Washington, Arlington , Virginia, Washington, Philadelphia, Elmont , New York, Baltimore, Evansburg , Alberta, Brooklyn , New York, Piermont , New York, Fort Lee , New Jersey, George, West Nyack, New York's, New York City, Cincinnati, Rock Harbor, Massachusetts, Cape Cod, Ottawa, Fort Nelson, Shelburne County , Nova Scotia, Communications Nova Scotia, Shelburne , Nova Scotia, Fort St, John, Kamloops, Shining Bank , Alberta, Lytton

☆ New York City tops world's worst air pollution list from Canada wildfire smoke
▼ + stars: | 2023-06-07 | by ( Emma Newburger | ) www.cnbc.com time to read: +4 min

Smoke from the Canadian wildfires blankets New York City affecting air quality on June 7th, 2023. A man sits at the bus stop with a mask on his face in New York City, June 6, 2023. Selcuk Acar | Anadolu Agency | Getty ImagesMillions of people in the Midwest are experiencing dangerous air quality conditions, with air quality advisories in effect in southeastern Minnesota, parts of the Upper Peninsula of Michigan and areas in Wisconsin. Climate change is increasing the frequency and intensity of global wildfires and air pollution from wildfire smoke is also growing worse. Last year, Stanford researchers found millions of Americans are routinely exposed to wildfire smoke pollution at levels rarely seen only a decade ago.

Persons: Leslie Josephs, Kathy Hochul, Hochul, Eric Adams, Adams, Gary Hershorn, Selcuk Organizations: Federal Aviation Administration, New York's, Newark Liberty International, CNBC New York Gov, Wednesday, Health, CIRA, NOAA, New York State Department of Environmental Conservation, Quality Health, Corbis, Getty, Canada, Anadolu Agency, of, National Weather Service, Stanford Locations: New York City, Northeastern U.S, Kist, York, Canada, York City, Quebec, New York, Herald Square, Manhattan , New York, Minnesota, of Michigan, Wisconsin, Air, New England

☆ Macy’s slashes its full-year outlook even as earnings beat
▼ + stars: | 2023-06-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

The Macy's company signage is seen at the Herald Square store on March 02, 2023 in New York City. Macy's shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March. Macy's anticipates comparable owned-plus-licensed sales will fall 6% to 7.5% during the period, worse than its previous outlook of a 2% to 4% decline. Comparable sales on an owned-plus-licensed basis dropped 7.2% for the quarter, worse than the 4.7% drop expected by analysts surveyed by Refinitiv. Gennette said Macy's sales have gotten hit as customers' budgets are squeezed.

Persons: Jeff Gennette, Macy's, Gennette, we're Organizations: Herald, CNBC, Refinitiv, Macy's, Revenue, Sales, Nike Locations: New York City, Bloomingdale's

☆ This is the best off-price retailer to own in this shaky economic environment
▼ + stars: | 2023-05-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Analysts at a major Wall Street research firm see multi-year growth and share gains ahead for off-price retailers. Under this scenario, lower-income consumers will choose to spend their money at off-price retailers. The analysts like Ross Stores (ROST) best, and called Burlington Stores (BURL) high-risk, high-reward, with a multi-year turnaround story. Bank of America, in a note this week, emphasized that the off-price retailers, including TJX, will be eager to take over the additional closed Bed Bath & Beyond locations. Bottom line We're encouraged to hear from Bernstein that lower-income consumers might be ready to spend more at off-price retailers, leading the analysts to say they would view "Q1 off-price weakness as an entry point" into the stocks.

☆ A CVS in New York City is turning to specially trained dogs to combat rampant shoplifting
▼ + stars: | 2023-02-23 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Retailers across the US are fighting an increase in store theft. In New York City, one non-profit retail trade group has started using dogs to combat the problem. The 34th Street Partnership launched the program in partnership with Stapleton Security Services this month at a local CVS. In an emailed comment to Insider, the 34th Street Partnership Ward said the firm has "initiated the canine patrol as a pilot project and will evaluate its efficacy as it continues. Nationwide, retail theft has become a $95 billion problem for the industry, according to the National Retail Federation's most recent Retail Security Survey.

☆ Christmas vacations: 15 of the best places to go
▼ + stars: | 2022-12-03 | by ( Cnn Staff | ) edition.cnn.com time to read: +13 min

The Bath Christmas Market has a multitude of wooden chalets selling distinctively British handmade crafts in a quaint Georgian setting. Bogotá, ColombiaA woman dressed as Santa Claus sits next to a Christmas tree and a Christmas star at Bolivar Square in Bogota. Salzburg and Oberndorf, AustriaThe Christmas Market and associated festivities in Salzburg are really something to sing about. Dating back to 1570, Strasbourg claims to be the oldest Christmas market in France and one of the oldest in Europe. damianalmua/Adobe StockThe traditional Christmas colors of red, green and white take on an entirely new meaning in New Zealand.

Persons: CNN —, Santa Claus, Claus, ”, Allan Baxter, Jesus, Jane Austen, Jane Austen Centre –, Austen, Melchior, Gaspar, Balthazar, Roy Rochlin, Bergdorf Goodman, Wangari Maathai, Fernando Vergara, “ Ruta, John’s, Miguel de Allende, Mary, Joseph, “ posada ”, Mozart, White Organizations: CNN, Bath Abbey, Jane Austen Centre, The, Royal, Catholic, Rockefeller, Getty Images Rockefeller, New York, Radio City, Columbus Circle, Fashion’s, Saks Fifth, Macy’s Herald Square, Kenyan, Park, Nuremberg, Toy Museum, Bolivar, Downtown, Malta Toy Museum, Quebec City, Adobe, Nord Expe, Mexico Piñatas, UNESCO, ”, Santa Locations: England, Philippines, Rovaniemi, Lapland, Finland, Santa, Bethlehem , Pennsylvania, Philadelphia, New York City, Bethlehem, Moravian, Bath, “, Fernando , Philippines, Asia, San Fernando, Catholic Philippines, Manila, of Bethlehem, Barcelona, Spain, Santa Eulalia, New York City New York, Central Park, Macy’s, Nairobi, Kenya, Nuremberg, Germany, German, Bogotá, Colombia, Bogota, Christmastime, Malta, Downtown Valletta, Quebec City, Canada, Petit Champlain, Quebec, Old Quebec, Sentier, Nord, Miguel, Mexico, posadas, ponche, Piñatas, Salzburg, Oberndorf, Austria, ” Salzburg, Bavaria, Strasbourg, France, Europe, Queenstown , New Zealand, New Zealand, Queenstown, Wakatipu

☆ Inflation? Recession? Starting Black Friday, holiday shoppers are planning to spend
▼ + stars: | 2022-11-25 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

"People are pretty consistent on how much they expect to spend on holiday shopping," said Laura Wronski, senior manager of research science at Momentive. The survey results reveal the consumer divide in the economy, with spending concerns more prevalent at lower income levels. 1 shopping holiday The survey has consistently found that the hype around shopping holidays is often higher than the actual excitement among consumers. 1 shopping holiday that Americans say they will spend on. One in five (21%) are "most excited" to go shopping on Black Friday, almost double the consumers planning to shop on Cyber Monday (12%).

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