A recent CNBC article described boomers are sticking to department stores while Gen Zers felt no such loyalty. Is this trend irreversible?
Macy’s has been showing signs of relative strength despite falling from a high station. Is it possible for it to escape an eventual sale?
Macy’s store closures were part of the “retail apocalypse.”
Macy’s has two popular locations still open that were slated for closure earlier this year.
The underperforming Macy’s stores will be closing in the coming weeks.
Macy’s welcomes Good American Jeans to its family of products.
Macy’s is going to keep the Thanksgiving Day Parade going on NBC.
Macy’s executives formed a panel discussion at NRF this year. What topics were of most interest?
Macy’s is set to close 66 stores across 22 states nationwide in 2025.
Activist investor Barington Capital is urging Macy’s to explore spinning off Bloomingdale’s and Bluemercury. Do you see more benefits than drawbacks in doing so?
Macy’s is closing more stores than originally planned.
Macy’s CEO thinks he has the key to saving the store from further closures.
The start of the holiday season is typically ushered in by the annual Macy’s Thanksgiving Day Parade.
Macy’s and Disney celebrate a one-of-a-kind new holiday collection.
L.L.Bean announced the next phase of a major upgrade to its Freeport flagship location, which already ranks as the second-most-visited tourist destination in Maine. Is it more important for retailers to invest in flagships than regular stores?
This contemporary menswear brand allows for the ultimate form of self-expression.
The department store has been struggling to survive in the aftermath of its once-dominant heyday. Do you think all department stores will eventually become obsolete, or can strategic changes keep them relevant?
Macy’s continues its quest to close underperforming stores.
Shares of Macy’s Inc. fell about 13% Wednesday after the department store chain scaled back its annual sales guidance as second-quarter sales missed estimates amid a worsening pullback in discretionary spending. How should the Macy’s banner be repositioned to address a “more discriminating” consumer?
Macy’s announced a second-quarter profit of $150 million, which is substantially better than the same quarter last year.
Macy’s All-Star Week will be going up against other retail blitzes like Amazon Prime Day.
The Macy’s 4th of July Fireworks Show is an annual tradition.
Macy’s Inc. reported that the “First 50” Macy’s traditional locations have been revamped under its Bold New Chapter strategy. Are the steps being taken to revive growth at the full-line Macy’s chain promising?
The recent announcement of Macy’s plan to shutter approximately 150 stores has sent ripples of anticipation among its competitors. With Macy’s closing stores, how should shopping malls evolve to remain relevant without anchor tenants?
Major department store chains Nordstrom and Macy’s could soon find themselves under the ownership of private-equity firms or hedge funds. How might the shift to private ownership of major retail chains redefine the metrics of success in the retail industry?
Macy’s has announced a new turnaround plan that calls for the closing 150 of its traditional department stores while ramping up the expansion of smaller-format stores and luxury concepts. What other steps should they be exploring to reimagine the department store business?
Macy’s has announced plans to reduce 3.5% of its workforce and close five stores. What do you think is behind Macy’s move to streamline operations amid activist pressures?
Macy’s revealed plans to lay off around 3.5% of its staff and shut down five of its stores as part of the American department store chain’s strategy to reduce costs and revive slowing sales.
At the NRF 2024: Retail’s Big Show, the CFOs of Macy’s, Rothy’s, and Levi Strauss shared a panel that discussed how the CFO role in retail has changed due in large part to the need to invest in technology to drive growth.
Macy’s received a $5.8 billion buyout offer from an investor consortium in an apparent bid to take America’s largest department store chain private. Do you see any potential benefit to Macy’s core retail business?
Macy’s has long said it considers the Macy’s Thanksgiving Day Parade its “annual gift to the nation,” but it has never indicated whether the event is worth the cost. Should Macy’s continue to fund the Thanksgiving Day Parade if it loses money?
Incoming Macy’s CEO, Tony Spring, and current CEO, Jeff Gennette, highlighted the strength of Macy’s non-namesake brands, including high-end department store…
Macy’s has announced plans to open up to 30 smaller stores in strip malls over the next two years, marking a…
In the first-ever partnership between the two retail chains, Macy’s introduced an exclusive collection of Gap-branded sleepwear, underwear, and intimates. Is the partnership potentially a bigger deal for the Gap banner or Macy’s?
Macy’s is pushing forward with new store formats as it seeks to turn around its fortunes following a disappointing quarter. ill the smaller-format stores be enough to return Macy’s as a whole to growth?
Macy’s has announced plans to open four smaller stores in Boston, Las Vegas, San Diego, and suburban Indiana, as part of…
Macy’s has revealed that a decline in overseas tourists visiting the United States has adversely impacted its sales, with international visitors…
Nine of the top 10 retailers in the United States have joined Meta’s new social media app, Threads, with the notable…
Stitch Fix has named former Macy’s and Walmart executive Matt Baer its new CEO.
Reunited and it feels so good. Nike and Macy’s are getting back together more than a year after the athleticwear brand stopped selling its apparel to the department store chain as it emphasized direct-to-consumer (DTC) sales and exited what it determined were “undifferentiated” wholesale accounts.
Macy’s, Inc. CEO Jeff Gennette, 61, has said he will retire in February after nearly 40 years working for the department store giant.
“We are sending Geoffrey across the country to kick up the excitement for families to have what we call a ‘playcation’ where you put your responsibilities aside and embrace fun.”
Bath & Body Works, among several chains reorienting their footprint away from malls, added 95 off-mall North American stores in 2022 and plans to open approximately 90 more in 2023. Does the growth opportunity for traditional mall-based chains still appear bigger off-mall or is the view of enclosed shopping malls overly pessimistic?
People enjoy working from home so much that going back to the office five days a week is no longer an option. Being home more often, consumers prefer to shop local more and want bigger brands to come to them, according to this study. Do you see a significant opportunity for national retailers to open up smaller stores in local neighborhoods?
Nordstrom last week became the latest retailer in the apparel space to lower its outlook as it found that deeper discounts were required to clear slow-moving holiday merchandise. Is Nordstrom’s shortfall likely more reflective of the broader challenges facing the apparel category or its own management strategies and processes?
At the NRF Big Show, Jeff Gennette, Macy’s CEO, discussed how process changes and improved data science helped the retailer overhaul inventory disciplines over the pandemic. Are more retailers using data science to tailor markdowns by “door and channel” as Macy’s is doing?
Bloomingdale’s is going small in Seattle, saying it will open a new Bloomie’s, its small off-mall store concept, this year in University Village in the Ravenna neighborhood, north of the city’s downtown. Do you see the Bloomie’s concept as a smart way for Bloomingdale’s to scale its operations to new markets around the U.S.?
Shoppers planning to visit Macy’s Union Square flagship store in San Francisco for last-minute gifts on Christmas weekend were met with a picket line, as the store’s union went on strike for the two days before the holiday. Do you see the recent labor activism taking another step forward or retreating in 2023?
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