Retail

Macy's and Bloomingdale's to stop selling fur

A Macy's storefront.
Photo: Eva Hambach/AFP/Getty Images

Macy's, Inc. has agreed to stop selling fur in its Macy's and Bloomingdale's stores by the end of the 2020 fiscal year, according to a press release from the Humane Society of the United States Monday.

What they're saying: "We have been closely following consumer and brand trends, listening to our customers and researching alternatives to fur," Jeff Gennette, chairman and CEO of Macy’s, Inc., said in a statement. "We’ve listened to our colleagues. ... Macy’s private brands are already fur free so expanding this practice across all Macy’s, Inc. is the natural next step."

Retail sales turn negative for the first time since February

Data: Census Bureau; Chart: Andrew Witherspoon/Axios

U.S. retail sales, which had been the highest-flying piece of American economic data for most of the year, fell in September for the first time in 7 months, raising fears that the U.S. manufacturing recession may be bleeding into the consumer side of the economy.

The big picture. Data from the Commerce Department showed the drop was a result of households cutting spending on building materials, online purchases and especially automobiles. Online retail sales also turned negative for the first time since December 2018.