Macy's sales slump as weak shopping malls, 'uninspiring' stores take a toll

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Macy's sales slump as weak shopping malls, 'uninspiring' stores take a toll

Macy’s reported disappointing third-quarter sales as the retailer heads into the critical holiday shopping season at a time when many department stores are grasping for traction. The chain lowered its full-year sales and earnings forecast after the third-quarter …
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Target Still Looks Like a Strong Buy at Its Record High

Target’s (NYSE:TGT) stock recently rallied to an all-time high after the retailer’s third-quarter numbers crushed analysts’ estimates. Its revenue rose 4.7% annually to $18.67 billion, beating expectations by $220 million and accelerating from its 3.6% growth in …
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Subway Entrance in Brooklyn Goes Completely Underwater (But the MTA Did It on Purpose)

New Yorkers are used to bizarre subway sights, but some Brooklyn straphangers were straight out stunned to see a completely flood station entrance on Wednesday. The visuals were stunning — the entire station appeared to be submerged, with water filling …
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Another Hedge Fund Giant Bites the Macro Dust

For a while, it looked like the backdrop against which global financial markets operate was returning to normal. The Federal Reserve was raising interest rates, as was the Bank of England. The European Central Bank had turned off its monetary spigot, halting …
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The 2021 Mercedes-AMG GLS 63 Is A 603 Horsepow—Oh My God, Look At Those Wheels

The last thing the world probably needs is a go-fast crossover, but that’s what the people demand, and so that’s what we are getting. At the LA Auto Show yesterday, we were introduced to the Mercedes-AMG GLS 63—the AMG-ified version of Benz’s biggest …
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