Gary and Kathleen Cocco decided it was time to pay off some credit card debt. They decided to first target their Macy’s store brand card, issued by Citibank, because it had an interest rate of 31.99%.

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 ...

A warning on the health of US consumers by America's department store is likely sending quakes through the C-suites of similar retailers. And investors in retail stocks need to pay attention because ...

A growing number of Americans are falling behind on their monthly credit card payments, a trend that may be a harbinger of economic troubles ahead, according to a new report from Wells Fargo. Findings ...

Macy's shareholders should prepare for more pain as the company faces store closures, falling profits, and a highly competitive retail environment. Rising credit card delinquencies pose a significant ...

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 ...

New York (CNN)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 department store had ...