Federated Department Stores Inc
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Macy's initiates restructuring to save US$140m
Department store retailer Macy's is to close 14 stores and make a raft of job cuts as it restructures its marketing and merchandise operations in a move designed to save US$140m starting this year.
Macy's to open first international store
Department store retailer Macy's is to open its first store outside the US, with a location in Abu Dhabi, United Arab Emirates (UAE) in 2018.
UPDATE: Abercrombie & Fitch appoints Horowitz to head Hollister
Abercrombie & Fitch has hired Fran Horowitz from Ann Inc as president of its Hollister brand.
US: Macy's sees tangible results from RFID adoption
Macy's says it is seeing "tangible results" from its adoption of radio frequency identification (RFID) technology as the department store retailer looks to build its omnichannel capabilities.
US: Macy's cuts FY sales forecast amid tough headwinds
Despite booking a 3.3% rise in second-quarter sales, department store retailer Macy's Inc today (13 August) lowered its full-year sales outlook, saying it was unable to make up the shortfall incurred during the first quarter when snowy weather kept shoppers away from its stores.
US: Investors commit $350m to Glen Senk retail venture
Boston-based investment firm Berkshire Partners LLC has committed to invest $350m in innovative, high-growth retail and consumer businesses through a new company set up by Glen Senk, the former CEO of Urban Outfitters.
US: Macy's to invest $170m in new distribution centre
US retailer Macy's is to invest US$170m in a new direct-to-consumer distribution centre in Tulsa County, Oklahoma, to support omni-channel growth.
US: Bloomingdale's CEO Gould steps down
US department store retailer Macy's has revealed that Michael Gould, chairman and CEO of the Bloomingdale's brand, has stepped down after 22 years at the helm.
US: Macy's "disappointed" with Q2 profit, cuts outlook
US department store retailer Macy's has cut its outlook for the full year and reported lower-than-expected second-quarter profits, after sales were hit by weaker consumer confidence.
US: Macy's first-quarter profit rises 20% on solid sales
US department store retailer Macy's has today (15 May) booked a 19.9% increase in first-quarter profit on solid sales, despite the negative impact of unseasonably cool weather and weakened demand.
US: Bloomingdale's installs digital sizing stations
Bloomingdale's has installed digital sizing stations from Me-Ality in five of its department stores to help women find the right sized jeans.
US: Stuart Weitzman Cha Cha boots recalled
Some 5,000 pairs of Stuart Weitzman-branded girls' Cha Cha boots, which were manufactured in China, have been recalled by footwear specialist Synclaire Brands for posing a fall hazard.
US: Macy's issues upbeat outlook for 2013
US department store operator Macy's saw fourth quarter net profit fall on the back of debt related expenses, but offered an upbeat outlook for continued sales growth in 2013.
US: Body Central hires Woolf as CEO
Value apparel retailer Body Central has appointed Brian Woolf as its new chief executive officer, replacing Tom Stoltz who has served as interim CEO since August.
Counting the retail cost of Superstorm Sandy
As Hurricane Sandy swept along the US East Coast earlier this week, US retailers were forced to close up to 10% of their stores, according to latest figures. As retailers begin to reopen stores again, analysts are now weighing up the long-term impact of the storm on apparel and footwear sales.
just-style management briefing: Retailers hail benefits of new label technologies
Major clothing retailers are benefiting in significant ways from the new data collection and management options offered by new technology in labels, especially regarding radio frequency identification (RFID) tags.
CANADA: Hampshire inks licensing deal with OneAgency
Apparel maker Hampshire Group has inked a licensing agreement with OneAgency, which is part of The Trimera Group, to sell Scott James branded sportswear for men in Canada.
US: David's Bridal sold in $1.05bn private equity deal
Wedding dress retailer David's Bridal Inc is to be sold to private equity firm Clayton, Dubilier & Rice in a deal that values the company at $1.05bn and will see former Gap CEO Paul Pressler become its new chairman.
US: Body Central names Stoltz COO and interim CEO
US retailer Body Central has promoted executive vice president and CFO Tom Stoltz to the position of COO and interim CEO.
US: Macy's second-quarter net income surges 16%
US department store operator Macy's has lifted its full-year earnings forecast after its second-quarter net income surged on the back of strong revenue growth.
Sunshine and sales lift US retailers in July
Lured by warm weather and promotions to clear summer merchandise, US shoppers hit the stores in July giving an overall boost to many apparel retailers - but the results shed little light on back-to-school spending plans.
US: Macy's share price falls despite Q1 profit
US department store retailer Macy's share price dropped today (9 May), despite reporting a 38.2% increase in first-quarter net profit.
US: Brown Shoe names Mazurk to lead Healthy Living unit
Footwear firm Brown Shoe Co has promoted John Mazurk to the newly created role of president of the company's Healthy Living division, which includes Naturalizer, Dr Scholl's Shoes, LifeStride, Avia and Ryka brands.
US: Macy's announces board changes
US department store retailer Macy's has appointed Paul Varga as director of the board.
US: Macy's Q4 earnings up on strong holiday sales
US department store retailer Macy's today (21 February) announced an 11.7% jump in fourth-quarter profit after recording a "terrific holiday selling season".
UK: Technology takes centre stage at Oasis flagship
Aurora Fashions has opened a revamped Oasis flagship store in London's West End.
US: Retailers' September 2011 sales roundup
The following is a general roundup of US apparel and shoe chains' September 2011 sales results.
US: Macy's steps up nationwide RFID roll-out
Retailer Macy's Inc is stepping up the nationwide roll-out of RFID (radio frequency identification) technology after extensive testing proved its ability to manage item-level merchandise inventories in its Macy's and Bloomingdale's department stores.
July sales a mixed bag for US apparel retailers
Lured by warm weather and deep discounts as stores cleared their summer merchandise, US shoppers hit the malls in July giving an overall boost to many apparel retailers - but the results shed little light on back-to-school spending plans.
US: Retailers' July 2011 sales roundup
The following is a general roundup of US apparel and shoe chains' July 2011 sales results.
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Insights
- Covid-19 could shrink US apparel sales by 50%
- Pandemic top concern for US fashion firms
- Yesim Tekstil upbeat on need for do-it-all makers
- Operational planning for an online fashion future
- Cobalt Knitwear pushes hard on 3D virtual design
News
- Top China cotton producer on US trade ban list
- Digital map shows Bangladesh factory closures
- Suppliers face new cost pressures as orders resume
- Major brands linked to "union-busting" factories
- US Q2 in brief – Wolverine, Boot Barn Holdings
Market research
- COVID-19 Impact on Ecommerce - Thematic Research
- Sustainability - The Most Important Theme for 2020 - Thematic research
- Li & Fung Ltd (494) - Strategic SWOT Analysis Review
- Marks and Spencer Group plc (MKS) - Financial and Strategic SWOT Analysis Review
- Cotton fibre prices, production and consumption forecasts, May 2020
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