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Hold off on that funeral dirge for Macy's. The department store isn't dead yet.Macy's topped Wall Street's profit forecasts Tuesday and provided a healthy outlook for this year.The results strongly suggest there is still room for traditional stores in the mall in a world increasingly dominated by the likes of Amazon and Walmart.Macy's chairman and CEO Jeff Gennette said the company was "encouraged" by improvement at the company's brick-and-mortar stores and continued growth in online sales.Gennette said digital revenue posted a double-digit percentage increase for the 34th quarter in a row, a run of more than eight years.And the company is still investing heavily in its Bluemercury chain of specialty beauty stores and the discount outlet Backstage. Macy's said it opened 36 Bluemercury stores and 30 Backstage stores last year, even as it closed 16 Macy's stores.Gennette added during a conference call with analysts that Macy's plans to open 100 more Backstage locations this year, including in malls.Macy's is also selling real estate to shore up its balance sheet. The company said it raised 1 million last year and .3 billion over the past three years by getting rid of some stores, warehouses and parking garages.Macy's is also working with real estate company Brookfield Asset Management on other transactions.Macy's said Tuesday it is selling several floors in its State Street store in Chicago to a real estate fund backed by Brookfield for million. Brookfield plans to convert the floors into office space.All this is good news for Macy's. But one analyst said Macy's needs to do more before its turnaround qualifies as a true Miracle on 34th Street."There is a long tail of shops that look dated, are in sub-optimal locations, and where the customer experience is poor. Macy's must remedy this if it is to transform the business," Neil Saunders, managing director of GlobalData Retail, said in a report.Nonetheless, the real estate transactions and improved sales outlook are two reasons Wall Street has fallen in love with Macy's again.The stock surged nearly 12% in early trading before pulling back a bit. Macy's has soared more than 45% in the past six months.Department store chains Kohl's, Nordstrom and JCPenney — which will all report results later this week — rallied as well Tuesday. Another chain, Dillard's, rose 12% too after it also posted strong quarterly results.Investors are clearly betting that Macy's wasn't the only traditional retailer that had a happy holiday season. 2527
HOOVER, Ala. (AP) — Police in Alabama on Saturday were searching for a gunman whom they believe was responsible for shooting two teenagers at a shopping mall on Thanksgiving night.The incident began with a fight and shooting in suburban Birmingham at the Riverchase Galleria, a mall crowded with Black Friday bargain hunters. An 18-year-old was shot twice and a 12-year-old bystander was shot in the back.An officer responding to the scene then shot and killed 21-year-old Emantic Fitzgerald Bradford, Jr. of Hueytown. Police said Bradford was fleeing the scene and was brandishing a weapon.Police initially told reporters they thought Bradford had shot the teen after a fight but retracted that statement Friday night."New evidence now suggests that while Mr. Bradford may have been involved in some aspect of the altercation, he likely did not fire the rounds that injured the 18-year-old victim," Hoover Police Captain Gregg Rector said in a statement.Police said they "regret that our initial media release was not totally accurate."Rector said investigators now believe that more than two people were involved in the initial fight ahead of the shooting, and that "at least one gunman" is still at large who could be responsible for the shooting of an 18-year-old male and 12-year-old female.Video posted on social media by shoppers showed a chaotic scene as shoppers fled the mall, which closed for the remainder of Thursday night.The Alabama Law Enforcement Agency has taken the lead role in the investigation since it is an officer-involved shooting.Hoover police asked for anyone with information, photos or video evidence of this crime scene to please contact investigators.A witness, Lexi Joiner, told Al.com she was shopping with her mother when the gunfire started. Joiner said she heard six or seven shots and was ordered, along with some other shoppers, into a supply closet for cover."It was terrifying," Joiner said.A woman who described herself as the mother of the injured 12-year-old posted on social media that the girl was on a Black Friday shopping trip with other family members when the shooting happened, and didn't immediately realize that the pain in her back was from a bullet."She was hurting a lot, but very brave and positive as always," the mother wrote after seeing the girl when she arrived at a hospital.Hoover police said Friday morning that the girl was in stable condition.The officer who shot the gunman was placed on administrative leave while the authorities investigate the shooting. The officer's name was not released. The officers were not hurt.The Riverchase Galleria mall bills itself as the largest enclosed shopping center in Alabama, with more than 150 stores. 2718
Governor Whitmer of Michigan has done a terrible job. She locked down her state for everyone, except her husband’s boating activities. The Federal Government provided tremendous help to the Great People of Michigan. My Justice Department and Federal Law Enforcement announced...— Donald J. Trump (@realDonaldTrump) October 9, 2020 344
Health officials nationwide – and in the Kansas City metro – are warning about heart condition in recovering COVID-19 patients that could have more of an effect on athletes.Myocarditis, which inflames the heart muscle, is being called the "breaking news" of coronavirus."[Myocarditis] can lead to a thinning and distension of the heart and a lack of function in the heart," said Dr. Steve Stites, chief medical officer at the University of Kansas Health System, "And even to heart failure and the need for a heart transplant and bad heart rhythms that can lead to death."The condition could be exacerbated by the type of exercise athletes are used to."In college athletics, we don't know the outcome of myocarditis," Stites said. "We don't know that a high impact sport could worsen the damage to the heart. We don't know what high-intensity exercise might be doing to a heart that's already slightly inflamed. All of those are leading to questions about the safety of returning to high-performance sports."The hospital and health professionals around the U.S. are screening athletes to better understand how myocarditis affects the organs."Our fear is that we could be missing a lot of diseases that we can't see and we can't test for," Stites said, "and that can include very small blood vessel clots inside the heart that lead to more heart damage."Doctors at KU plan to make an assessment of how this will affect college and high school sports in the coming weeks.A study in Germany that looked at 100 patients recovering from COVID-19 found that 60% of them had myocarditis independent of preexisting conditions.Doctors at KU said the condition hasn't been studied as much in the U.SThis story was originally reported by Sarah Plake at KSHB. 1754
Goodyear tires are seen on President Donald Trump's limousine, nicknamed "the Beast," after his arrival at the White House, Thursday, Aug. 20, 2020, in Washington. Trump returned to the White House by motorcade from Andrews Air Force Base, Md., after a trip to Old Forge, Pa. (AP Photo/Patrick Semansky) 311