July 19, 2007 |
Macy's wants to be America's department store, but America isn't entirely buying it -- and that could mean the entire company could soon be sold. Buyout king Kohlberg Kravis Roberts & Co. is close to reaching a deal to buy Macy's Inc. for $24 billion, Women's Wear Daily reported Wednesday. Both sides declined to comment on the report, but investors greeted the news by bidding up Macy's shares $3.06, or 8%, to $43.09.
December 23, 2006 |
Macy's has pulled from its shelves and its website two styles of Sean John hooded jackets, originally advertised as featuring faux fur, after an investigation by the Humane Society of the United States concluded that the garments contained fur from a nondomesticated species of dog called "raccoon dog." The species is indigenous to Asia and is said to be raised in large numbers because its fur closely resembles raccoon.
November 24, 2006 |
Flying low through gray skies, Snoopy swooped down Broadway on Thursday, his aviator goggles slick with rain. Fans lining the parade route had waited in the soggy cold, wondering whether the inflatable stars of the 80th annual Macy's Thanksgiving Day Parade would be grounded by strong gusts of wind. Then the beagle bobbed into view. "There's Snoopy!" shouted a man peering up 8th Avenue from 34th Street.
October 20, 2006 |
A California appeals court slashed a refund that San Francisco owed Macy's by millions of dollars, despite the retailer's successful challenge to a local business tax. Macy's, a unit of Federated Department Stores Inc., won a ruling in 2004 that a business tax imposed by the city in the 1990s was unconstitutional. A Superior Court judge had granted the retailer's request for a refund of the $13 million in business taxes it paid while the ordinance was in effect.
October 14, 2006 |
When Macy's decided to sell baskets made by Rwandan widows, the store was swayed in part by the prospect of contributing to a developing economy and in part by the women's tales of suffering during their country's 1994 genocide. But Macy's was clear: This may have been charitable, but it was not charity. Baskets, woven from sisal and sweet grass, are inspected to verify they meet quality requirements and then paid for in cash on the spot.
October 10, 2006 |
A small garbage fire at Macy's Herald Square flagship store in New York City forced hundreds to evacuate, but no injuries were reported, authorities said. The fire, which began in the basement in an old elevator shaft, sent smoke up to the 12th floor, Fire Department Capt. Robert Carroll said. The cause was under investigation.