Macy's Inc

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Yuan devaluation to impact clothing sector

Exchange rate variations could “significantly” influence China's textile and apparel exports, a consultancy has suggested, after the governm...

Consumer engagement a new challenge for retailers

The growth of e-commerce and m-commerce is on the rise but retailers still need to do more to better meet consumer expectations online, acco...


Michelle Russell | 3 Nov 2014

US department store retailer Kohl's Corporation last week held its first investor day for seven years, setting out detailed plans for future growth. Building on an agenda announced earlier this year, analysts say the new initiatives are necessary and overdue.


Leonie Barrie | 19 Sep 2014

A review of the work carried out so far by the Alliance for Bangladesh Worker Safety says the group has made "significant and laudable progress" over the past 12 months - but pulls no punches when it comes to the many challenges that still lie ahead.


Leonie Barrie | 23 Jul 2014

The group of North American brands and retailers - including Wal-Mart Stores, Gap Inc and VF Corporation - working to improve safety in Bangladesh's ready-made garment factories appears to be sourcing more products from the country as efforts to upgrade the industry take hold. But one year on, progress is "far from over", with the total cost likely to be in the region of $150m and take 12-18 another months to complete.


Leonie Barrie | 21 Jan 2014

Engaging more deeply with customers, and offering a seamless capability no matter where or how they shop, is set to remain one of the biggest challenges for retailers in the year ahead according to experts at Retail's 'Big Show,' the National Retail Federation's 103nd Annual Convention & Expo that took place last week in New York.

Latest Interviews

Michelle Russell | 23 Jan 2014

China-based shirt manufacturer and yarn supplier Luthai Textile Co has its sights firmly set on growing its global business. Earlier this month, as the company revealed plans to open an office in New York, Michelle Russell talked to Luthai general manager Liu Zibin about the rationale behind the move.

Latest News

just-style | 8 Sep 2017

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.


Beth Wright | 22 Aug 2017

US retail giant Macy's has revealed a number of changes aimed at boosting speed and responsiveness, including hiring former eBay executive Hal Lawton as president and restructuring its merchandising operations with the loss of 100 jobs.


In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Beth Wright | 2 Jun 2017

US department store retailer Macy's has promoted Yasir Anwar to the role of executive vice president and chief technology officer as part of plans to restructure the company's technology team in a bid to drive further mobile and digital growth.


In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. 


Beth Wright | 4 May 2017

Department store retailer Macy's and Tailored Brands, the former Men's Wearhouse, have agreed to wind down operations under a tuxedo rental license agreement after it did not generate the expected level of revenue.


Beth Wright | 24 Mar 2017

Jeff Gennette has officially taken the reins at US department store retailer Macy's after a unanimous election by the company's board of directors yesterday (23 March).


Michelle Russell | 13 Mar 2017

UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.


Beth Wright | 22 Feb 2017

Terry Lundgren, the outgoing CEO of department store retailer Macy's, says the company will "do the right thing" for its shareholders in the wake of rumours it may be seeking a buyer.


Beth Wright | 21 Feb 2017

Indian conglomerate Aditya Birla is keeping tight lipped on reports it has partnered with Canadian retailer Hudson's Bay Company (HBC) to launch the Saks Fifth Avenue banner in India.


Beth Wright | 3 Feb 2017

Canadian retailer Hudson's Bay Company (HBC) is understood to have made a takeover bid to US retail giant Macy's, according to a flurry of media reports this-afternoon.


Beth Wright | 5 Jan 2017

US retail giant Macy's has slashed its full-year profit outlook and says it plans to cut more than 10,000 jobs through store closures and moves to streamline its management team.


In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.


In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


Beth Wright | 12 Aug 2016

US retail giant Macy's is to shutter 100 stores – almost 15% of its full-line stores – over the next 12 months as part of ongoing plans to try to put the business back on track and strengthen its omnichannel offer.


Michelle Russell | 24 Jun 2016

Terry Lundgren, the CEO of US department store retailer Macy's, is to step down after 13 years at the helm, making way for Jeff Gennette to transition into the role. 


Michelle Russell | 15 Apr 2016

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


Michelle Russell | 7 Mar 2016

Macy's, Kohl's, and Kate Spade & Co are among a number of top apparel groups that have committed to mentoring at this year's New York Fashion Tech Lab (NYFT Lab).


Michelle Russell | 2 Feb 2016

US retail giant Macy's has created two new senior executive posts in a bid to aggressively grow its omni-channel business.


Michelle Russell | 12 Jan 2016

Starboard Value, an activist shareholder in Macy's, is urging the US retail giant to pursue potential joint venture deals for its stores in order to unlock greater value from its real estate.


Katie Smith | 7 Jan 2016

US retail giant Macy's is to lay off thousands of workers in a round of cost reductions designed to save the department store operator around US$400m a year after a "disappointing" holiday performance. 


In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Katie Smith | 12 Aug 2015

With demand for athleisure products growing, US women's wear retailer Bebe Stores has launched an athleisure footwear line at US department store Macy's.

Latest blogs

Leonie Barrie | 23 Aug 2013

What a difference two years makes. In the past couple of weeks major US retailers including Walmart, Target, Macy's and Nordstrom have all lowered their forecasts for the rest of the year citing sluggish sales, cautious consumers and general economic uncertainty. But for specialty clothing retailer Gap Inc it's a different story.

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