Tag Archives: department

US Justice Department Probes Whether Social Media Is ‘Stifling’ Speech

The US Department of Justice and state attorneys general will meet this month to discuss concerns that social media platforms are “intentionally stifling the free exchange of ideas,” the department said on Wednesday. Its statement did not name Facebook and Twitter, whose executives testified in Congress on Wednesday, but the firms have been harshly criticised by President Donald Trump and some of… Read More »

Macy’s sales slide stokes fears for US department stores

Shares in Macy’s have plunged after the US department store owner said quarterly sales slid 7.5%. Although some of the decline was due to stores being closed, like-for-like sales fell a worse than expected 4.6%. Chief executive Jeff Gennette said the company, which also owns Bloomingdales, did not have its “head in the sand”. However, Macy’s also expected… Read More »

Macy’s to close 100 department stores

US department store chain Macy’s is to close about 100 stores and increase investment in its online business after 18 months of sliding sales. Total sales fell 4% to $5.87bn in the second quarter after falling 7.4% in the first three months of the year. As in the UK, department stores in the US have been struggling with… Read More »