Transition from Retail to Housing at La Cumbre Plaza in Santa Barbara

The era of giant upscale outdoor malls in Santa Barbara is ending as landmark stores like Macy's and Sears at La Cumbre Plaza are being demolished to make way for housing projects. This transition signifies a shift towards prioritizing housing over large retail spaces in the city.

Taxi Accident in New York City on Christmas Day

Seven people were injured in New York City on Christmas Day after a yellow taxi jumped a sidewalk and smashed into pedestrians outside a Macy's department store. The injuries were non-life-threatening.

Macy's Store Closures and Financial Challenges

Macy's plans to close 150 locations by 2028, with 65 stores closing by the end of 2024, aiming to become more profitable and reduce the total number of stores from 1,100 in 2008 to 350. Sales dropped by 2.4% in Q3, and an employee hid up to $154 million in expenses. Shares dropped by 12% after the earnings call.

Macy's Employee Allegedly Hid $154 Million in Delivery Expenses

A former Macy's employee allegedly hid up to $154 million in delivery expenses over nearly three years, leading to an independent investigation by the retailer.

Buffalo Bills draft pick Keon Coleman's press conference

Buffalo Bills draft pick Keon Coleman surprises reporters at his introductory press conference with details about his yellow winter jacket from Macy's, shopping strategy, guitar playing and golf skills, and request for free snacks.

Macy's Department Store Restructuring

Macy's plans to close 150 department stores to focus on luxury goods, shifting away from traditional middle-class shoppers. The company will open more high-end stores like Bloomingdale's and Bluemercury, and add smaller stores at outdoor shopping centers.

Macy's Transformation Strategy

Macy's is undergoing a transformation by closing underperforming stores, focusing on luxury brands like Bloomingdale's and Bluemercury, and opening smaller stores away from malls to attract wealthier shoppers. The company is aiming to boost its stock price and sales amidst increasing competition in the retail sector.