Macy's needs to tighten up.... Retail giant Macy’s may be losing customers after a viral TikTok video expressed concern over its credit card’s massive interest rate of 35%. A video found on the Latina ...
CNN — New York (CNN Business) — Macy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers. The iconic ...
COLUMBUS, Ohio — Macy’s has joined a growing list of retailers that have store credit cards with interest rates over 30%. Macy’s sent letters to its card users in April announcing the annual ...
Macy's says a glitch in the retailer's credit card system during Black Friday was due to overcapacity. Registers at Macy's stores and online stopped processing credit cards yesterday afternoon, ...
Macy's says it has "fully resolved" problems on Black Friday related to its processing some gift and credit cards. The chain blamed the glitch on "overcapacity" that caused some transactions to take ...
At least 50 of the largest U.S. retailers boosted interest rates on their store credit cards in the months before the Federal Reserve began cutting rates, in moves that protected their profit margins.
Macy's, Inc. management may regret not accepting a buyout offer, as shares trade over 35% below the offer value. The company's Q2 results show mixed performance with revenue decline, credit card ...
At least 50 major retailers have jacked up interest rates on store-branded credit cards to all-time highs — even as inflation continues to dog shoppers nationwide, according to an explosive new study.