In the wake of a racially motivated mass shooting at a historically black Charleston, South Carolina church, major retailers are announcing that they will no longer sell merchandise featuring the Confederate flag in stores or online.
Macy’s, Inc. is redeeming $76 million in debt. Through its Macy’s Retail Holdings Inc. subsidiary, the company will redeem for cash the entire $76.02 million aggregate principal amount outstanding on 8.125% debt that is due 2035, on Aug. 17.
Aeropostale announced that its chief merchandiser, Executive VP Emilia Fabricant, is leaving the company. Effective immediately, the company's senior merchandising team will report to CEO Julian R. Geiger.