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Jay Stein is no longer interim CEO, but rather the permanent CEO. He has been chairman since 1989 and was CEO from 1990 to 2001. Jay Stein is the largest shareholder in Stein Mart and his grandfather founded the company. It was during his tenure that
Customers stand outside Macy's store in New York, April 11, 2013. Macy 's Inc has agreed to pay a $175,000 civil fine and improve its practices to resolve a U.S. government probe that found the retailer had discriminated against immigrant employees
Brendan McDermid Closing arguments in the lawsuit have been scheduled for August 1, Macy 's attorney Theodore Grossman said on Monday. Justice Jeffrey Oing, who is presiding over the case, has said he will render a verdict soon after summations. Macy'
Madison Avenue is already feverishly getting ready for the next one. Teen Vogue is planning its second Back-to-School Saturday shopping day. One Direction for a campaign with products and an antibullying theme. Such front-running of seasonal
A group of U.S. retailers including Macy's Inc and Target Corp sued Visa Inc and MasterCard Inc on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions...District Court in
Jeans, American Rag, Ray-Ban, I.N.C., and Material Girl. It also introduced a fund raising campaign supporting the Got Your 6 initiative. Got Your 6 is a military expression for Got You Back. Macy's aims to raise $3 million to support American
The 200-year-old retailer's stock is up 25% over the last three months, trouncing the market by 15 percentage points. And management is optimistic enough that it just boosted both Macy's dividend payout and its share buyback plans. I think investors
Troubled Bangladesh's economy is forecast to have grown at a four-year low of 6.03 per cent in the fiscal year to June, more than a percentage point below the government target, officials said on Friday. Analysts have said that a crisis in the
Wal-Mart Stores Inc.'s first quarter profit rose 1.1 percent as the world's largest retailer struggled with a sales slump in its namesake business. The company, based in Bentonville, Ark., blamed a payroll tax increase, delayed tax refunds and bad
Google on Wednesday launched a subscription-based music service, allowing users of Android phones and tablets to listen to their favorite songs and artists for a monthly fee. The streaming service, called All Access, is available in the U.S. for $9.