Macy's Reports Profit in Fiscal Q2 as Revenue Climbs
Macy's previews results for the fiscal second quarter covering May to July with Wall Street expecting a return to profit after a loss the prior year. The department store chain is also anticipated to report a sharp revenue rise, extending a rebound after a nine month pandemic driven slide and online shopping shift.
MENTIONED IN THIS ARTICLE
Macy’s
Wall Street
Purdue Pharma figure questioned over opioid crisis in bankruptcy court
Richard Sackler, former president and board chair of Purdue Pharma, faced a query in bankruptcy court about the company and his family being responsible for the opioid crisis that has claimed more than 500,000 American lives since 2000. Local stock shares moved in after hours.
MENTIONED IN THIS ARTICLE
Richard Sackler
Purdue Pharma
United States
Wall Street stocks slide as tech health care lead losses
Stocks fell across Wall Street with the S&P 500 posting another broad retreat after a four week low. Tech and health care shares, including Alcon and financials, weighed most on the index while only consumer discretionary edged higher in late trading.
MENTIONED IN THIS ARTICLE
Wall Street
S&p 500
Alcon
China Tightens Grip on ByteDance and Weibo
Beijing moved to exert greater control over ByteDance and Weibo as state backed investors acquired stakes in Chinese units this April and last year. The move fuels U S concerns over TikTok influence even as ByteDance says the questionable subsidiary does not own TikTok.
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Beijing
China
ByteDance
TikTok
Weibo
Twitter
U.S
Old Navy expands plus size line across all women’s styles
Old Navy will offer every women’s style in all sizes at no price difference starting Friday. Sizes 0 to 28 in stores and up to 30 online will be displayed together with standard sizes across its 1,200 stores. The move mirrors rivals expanding plus size availability.
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New York
Gap
Old Navy
Target
Nordstrom
Target extends streak as online growth cools slightly
Target reported 8.7 percent same store sales growth for the quarter ending July 31, down from 10.9 percent a year earlier. Like Walmart, online growth cooled as shoppers returned to stores. The Minneapolis retailer offered an upbeat outlook for the rest of the year.
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New York
Target
Minneapolis
Walmart
City updates traffic policy with school crossing locations
An interactive map on lawrences.org lists crossing guard posts across Woodlawn Elementary West Middle School and Hillcrest Prairie Park Elementary Langston Hughes Elementary Princeton Boulevard Deerfield Elementary Schwegler Elementary Billy Mills Middle School and more with related traffic guidelines.
MENTIONED IN THIS ARTICLE
Seventh and Locust Streets
Woodlawn
Liberty Memorial Central
Ninth Street
Schwarz Road
West Middle School
Hillcrest
Sunset Hill
Harvard Road
George Williams Way
Langston Hughes
Princeton Boulevard
Lawrence Avenue
Deerfield
23Rd Street
Ousdahl Road
Schwegler
Billy Mills
23Rd
Harper Streets
Prairie Park
Lawrences.org
Lawrence considers annexation rules for growth areas
The plan would allow tier two and tier three growth only if property touches city boundaries and is eligible for annexation. annexed subdivisions would follow city standards for denser housing, replacing county three acre minimums. Mary Miller said the draft changes would return to the County Commission in three to four weeks before City Commission review.
MENTIONED IN THIS ARTICLE
City of
Lawrence
Mary Miller
Joint
Commission
County Commission
City Commission
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