Bono, Quincy Jones, and Macy Gray Talk About the Legacy of Donna Summer
The music industry sadly lost another legend to cancer yesterday. Donna Summer the Queen of Disco, known for hits such as \"She Works Hard For The Money,\" \"Bad Girls,\" and \"Hot Stuff,\" passed away at 63 years old due to a lung cancer.
Consumers held on to their money- costing investors on Wednesday. Stocks were down across the board- as weak earnings from Macy's dragged down consumer stocks. Macy's stock was heavily discounted by investors after the retailer said it made less money than expected this summer - and that earnings will continue to fall short for the rest of the year.
Macy's debuted its three new balloons for its annual Thanksgiving Day Parade in New York on Saturday (November 10).
The popular Japanese cat character, Hello Kitty, Papa Smurf and Elf on the Shelf are the newest additions.
Macy's tested all three giant balloons in New Jersey, but the event was closed to the public.
"Today is an amazing day for us. We've got two weeks to go before the Macy's Thanksgiving Day parade and today we debut the brand new balloons that are going to reveal themselves o
Macy's (M) announced that net income increased by 4.3 percent in the third quarter. The company earned $145 million, or 36 cents per share, versus $138 million, or 32 cents per share, in the same period last year.
Macy's CEO Terry Lundgren talks with MarketWatch's Andria Cheng about the impact of online shopping on the retailer's sales, and why "showrooming" could become a competitive advantage for physical stores.
With Black Friday considered the super bowl of retail to kick off holiday season sales, Macy's CEO Terry Lundgren talks to MarketWatch's Andria Cheng on why this day matters for retailers and why "showrooming" could become a competitive advantage for physical stores.