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☆ Are Black Friday deals worth waiting for? Here's what to expect this year
▼ + stars: | 2024-11-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

A customer visits Macy's Herald Square store in New York City during early morning Black Friday sales, Nov. 24, 2023. Consumers are increasingly concerned that their online orders may not arrive in time for the holiday — and rightfully so. What discounts to expect on Black Friday"You are easily going to see 20% to 30% off," Davis said — but "not necessarily storewide." What not to buy on Black FridayTypically, Black Friday is a great time to find rock-bottom prices on fall clothing — including flannels, denim, coats and accessories — as well as televisions and consumer electronics. Travelers can check out Travel Tuesday deals from 2023 to get an idea of what to expect this year.

Persons: Kena Betancur, Patrick Kelleher, Lauren Beitelspacher, Beitelspacher, we've, Davis, Lululemon, Woroch Organizations: Macy's Herald, Consumers, DHL Supply, North, CNBC, Babson College, Nike, Day, Labor Locations: New York City, North America

☆ How a former unhoused New Yorker helps combat food insecurity in his city
▼ + stars: | 2024-11-07 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

New York City is experiencing its highest level of homelessness since the Great Depression, according to the non-profit group Coalition for the Homeless. Another New York non-profit, City Harvest, says nearly 1.3 million residents are food insecure, including 1 in 4 children, in America’s most populous city. Is there anyone on this train who’s hungry?” Thomas bellows from the center of the car. But with the number of unhoused and hungry people in New York City only growing, the task often feels daunting. The food is saving someone’s lifelong term, but for him I was helping him live, right there on the spot.”Henry Thomas distributes food in the New York City subway.

Persons: Henry Thomas, Thomas, ”, “, “ I’m, ” Carl Thomas, Julian Rigg, Carl, Rolando “ Divine ” Farrow, Farrow, who’s, –, Eric Adams, Kathy Hochul, Hochul, Adams, ” Adams, Thomas isn’t, ” Thomas, Henry, Carl Thomas, ‘ I’ve, Joe, Thomas ’, “ I’ve, ” Henry Thomas, he’s, Kendrick Lamar, someone’s, Thomas peeks Organizations: New, New York CNN, CNN, Homeless, Coalition, Food, Therapeutic, Gov, Nutrition Assistance, Women, of Social Services, Prevention, West, Penn Locations: New York, Herald, Yorkers, . New York City, America’s, Greeley, Park, Staten, Staten Island, New York City, Harlem, Midtown Manhattan, Senegal

In this article ANF Follow your favorite stocks CREATE FREE ACCOUNTFile: Mike Jeffries, then Abercrombie & Fitch CEO in 2005. Michael Loccisano | FilmMagic | Getty ImagesFormer Abercrombie & Fitch CEO Mike Jeffries and two other men were arrested and charged with 16 counts of sex trafficking and interstate prostitution by federal prosecutors in New York, case documents made public Tuesday showed. All three men face one count of sex trafficking and 15 counts of interstate prostitution related to alleged misconduct that spanned from December 2008 to March 2015. The indictment in U.S. District Court in Long Island alleges that the defendants and others "operated an international sex trafficking and prostitution business" during that time. Shares of Abercrombie & Fitch are up nearly 80% so far this year, after outperforming tech stars like Nvidia and Meta in 2023.

Persons: Mike Jeffries, Michael Loccisano, Jeffries, Matthew Smith, James Jacobson, Smith, Abercrombie, Fran Horowitz, Fitch, Hannes Magerstaedt, Jacobson, Brian Bieber, Michael Jeffries, presser, Richard Levine Organizations: Abercrombie, Fitch, FilmMagic, Getty, Former Abercrombie, CNBC, Nvidia, Meta, of, NBC News, BBC, Herald, Corbis Locations: New York, West Palm Beach , Florida, Brooklyn, U.S, Long, Manhattan, Munich, Germany, West Palm Beach, Madison , Wisconsin, Eastern, of New York

☆ Elections, hurricane damage and more: Here are four factors that will shape holiday shoppers' purchases
▼ + stars: | 2024-10-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Several hard-to-predict factors will influence consumers' spending, as they deck the halls and look for the perfect gifts. That's a more modest increase than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Shoppers expect to spend an average of $1,778 on the holidays this year, 8% more than last holiday season, according to consulting firm Deloitte's survey. SharkNinja CEO Mark Barrocas described the election as the "biggest unknown" that will shape the holiday season. A shorter holiday season

Persons: Michael M, Stephen Rogers, Mario Tama, Rogers, Matt Shay, it's, Lance Allen, Kamala Harris, Donald Trump, Scott Olson, Mark Barrocas, It's, Jen Acerra, Ed Bastian, Evan Gold, Gold, Jack Kleinhenz, Allen, they're Organizations: Herald, Santiago, Getty, Deloitte, National Retail Federation, Shoppers, Deloitte's Consumer Industry Center, Walmart, Catering, Home Depot, Democratic, Republican, Amazon, Delta Air Lines, CNBC, Hurricane Milton, Anadolu, Planalytics, Depot Locations: New York City, Burbank , California, Traverse City , Michigan, Florida, Clearwater, Philadelphia, San Francisco, North Carolina

☆ Macy's accused in lawsuit of covering up 2008 sexual attack by Sean 'Diddy' Combs in Herald Square flagship store
▼ + stars: | 2024-10-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

One alleges Combs orally raped a worker for rival brand Ecko at the Macy's flagship store in 2008. The suit alleges Macy's covered up the attack due to a multimillion-dollar deal with Sean John. AdvertisementMacy's covered up a violent 2008 sexual attack by Sean "Diddy" Combs at its flagship Herald Square, Manhattan store to protect a "multi-million-dollar" deal with Combs' clothing brand, Sean John, a new lawsuit alleges. AdvertisementThe plaintiff said he worked for Ecko, a rival clothing company to Combs' Sean John brand that was also carried by Macy's. AdvertisementThe Sean John brand, founded in 1998, appears now to be defunct.

Persons: Combs, Macy's, Sean John, —, Sean, Diddy, John Doe, Sean Combs, Cassie Ventura, Terry Lundgren, Ilya S, Sean John Clothing, Ecko, Lundgren, WWD Organizations: Service, Herald, Ecko, Business, Curis, Macy's Locations: Manhattan, Ohio, Texas

☆ Activists protest U.S. support for Israel as risks rise of wider Middle East war
▼ + stars: | 2024-09-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Protesters in some U.S. cities demonstrated on Tuesday against American military support for Israel as risks have risen of a full-fledged conflict in the Middle East, with anti-war activists demanding an arms embargo against the U.S. ally. The United States has maintained support for its ally during this war despite domestic and international criticism. Fatih Aktas / Anadolu via Getty ImagesIn May, Biden said U.S. support for Israel was “ironclad”, while also calling for an immediate ceasefire. The situation has raised concerns of a widened regional war that could destabilize the Middle East. Leaders of different United Nations member states met this week in the United States with the situation in the Middle East being top of the agenda.

Persons: ”, “ Biden, Harris, Trump, Joe Biden, Kamala Harris, Donald Trump, Benjamin Netanyahu, “, Fatih Aktas, Biden, ” Biden Organizations: Protesters, Palestine, Bibi, Israeli, U.S ., Phoenix, United, Getty, Israel, Jewish American Heritage, White, Court, United Nations Locations: WASHINGTON, Israel, U.S, Herald, New York City, Lebanon, ”, Washington, Gaza, San Francisco, Seattle, San Antonio, United States, Anadolu, Palestinian, Lebanese, Iran

The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. Arkhouse and Brigade had for months been attempting to buy out the storied retailer. Arkhouse, after its initial efforts had been rebuffed, said earlier this year it intended to mount a proxy fight for control of Macy's. But the legacy department store operator's efforts to grow sales have been stymied by high inflation, as consumers become more selective about spending on discretionary items.

Persons: Michael M, Macy's, Macy, Paul Varga, Arkhouse, Tony Spring, It's, Maxx, Spring Organizations: Getty, Brigade, Target Locations: New York City, Macy's, Bloomingdale's

☆ Macy’s beats earnings estimates, as turnaround plan shows early progress
▼ + stars: | 2024-05-21 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Macy's fiscal first-quarter earnings topped Wall Street's expectations on Tuesday, as the retailer said it saw early signs of momentum in its turnaround strategy. Macy's raised its full-year earnings expectations to reflect the first-quarter beat, along with the low end of its sales outlook. That's more than a quarter of namesake Macy's locations. Yet the retailer said it will invest in parts of the business that have fared better, including the roughly 350 Macy's stores that will stay open. It plans to open more Bloomingdale's and Bluemercury locations, and smaller Macy's stores in suburban strip malls.

Persons: Macy's, Tony Spring Organizations: Inc, LSEG Locations: Herald, New York

☆ 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

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