Let’s face it — most world records are utterly pointless, no matter how impressed I am by someone who can pogo stick while balancing a bowl of sulfuric acid on his head. But department store Macy’s and makeup giant Estee Lauder teamed up yesterday for something truly inane — to set the record for most lipstick applications in an hour. [More]
Macy’s has managed to lose $59 million in the first quarter. CEO Terry J. Lundgren says that considering the crappy economy, losing $59 mil isn’t all that bad:
Those die-hard Macy’s hating Marshall Field’s lovers held another protest outside of the flagship Chicago store this weekend. They will never give up. [WBBM]
Chicagoans don’t like change. (Take Wrigley Field, for example, in all its jumbotron-less glory.) Yes, they are a strange, stubborn people who do not eat ketchup on hot dogs and who put the sauce on top of their pizza. And they don’t like Macy’s. Why? Because Macy’s did away with Marshall Field’s.
According to the Chicago Sun-Times, Macy’s has cut their yearly outlook after their second quarter profits dropped 77%. What’s the big problem?
According to Women’s Wear Daily, struggling, Cincinnati-based retailer Macy’s may be the target of a buyout. Despite grand plans to become a nationwide discount department store, Macy’s has been struggling to make any money.