Blog: Leonie BarrieMacy's on the mend?

Leonie Barrie | 16 May 2008

On top of all the general economic worries it’s facing in line with the rest of its competitors, Macy’s Inc has another challenge on its hands: trying to lure back customers alienated by an ill-fated plan to integrate the May Department Stores chain it acquired in 2005.

While now may not be the best time to be trying to engineer a turnaround, Macy’s seems to be faring slightly better than its department store rivals. Or is it?

The retailer might have posted a US$59m loss in the first quarter, but its results were better-than-expected, same-store sales were up, the company appears to be capturing market share, and it even reaffirmed full-year guidance.

But some still believe the restructuring isn’t all it's cracked up to be. The ‘My Macy’s’ campaign to tailor merchandise to reflect the demands of local markets in the US is widely seen as the right way forward, but does the retailer have the ability to deliver on its promise? Are being big and unique at the same time a contradiction in terms? And does the organisation really have the capability to realise the benefits?

Macy’s firm on FY outlook despite $59m Q1 loss


BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

BLOG

Trump trade policies and China tensions top concerns

This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...

BLOG

Happy New Year – and a first look at 2017

Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....

BLOG

New re:source to help unravel sourcing decisions

Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...

just-style homepage



Forgot your password?