Bloomberg Macy’s Inc expects to report fourth-quarter sales that were weaker than previously forecast and sees continued pressure on the consumer in 2023. Net sales are now expected to be at the low end to midpoint of the previously issued range of $8.2 billion to $8.4 billion, Macy’s said. The company reiterated its previous guidance for adjusted earnings per share ...

  Bloomberg Party City Holdco Inc is laying the groundwork for a bankruptcy filing within weeks that may end with creditors taking ownership of the retailer, according to people with knowledge of the situation. The company will likely miss a coupon payment due in mid-February and could seek reprieve from its creditors to negotiate a restructuring, according to the people, ...

  Bloomberg McDonald’s Corp is accelerating new store openings to capture increased demand, while cutting corporate jobs as it winds down other priorities. The fast-food company warned that it would be eliminating certain initiatives to help it “move faster,” according to an emailed statement. McDonald’s also said it would be making job cuts that would be final by April 3. ...