Macy's Inc

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Macy's to shutter 100 stores as sales continue to slide Beth Wright | 12 Aug 16

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.

Macy's names Gennette CEO to succeed Lundgren Michelle Russell | 24 Jun 16

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. 

US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

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. 

Macy's and Kohl's to mentor Fashion Tech Lab Michelle Russell | 7 Mar 16

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).

Macy's appointments support omni-channel plans Michelle Russell | 2 Feb 16

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

Macy's shareholder pushes for real estate deals Michelle Russell | 12 Jan 16

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.

Macy's to axe thousands of jobs in cost-cutting move Katie Smith | 7 Jan 16

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. 

US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

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. 

China's yuan devaluation to impact textile and clothing sector Michelle Russell | 13 Aug 15

Exchange rate variations could “significantly” influence China's textile and apparel exports, a consultancy has suggested, after the government cut the guiding rate for the yuan for a third consecutive day.

Bebe Stores launches athleisure footwear at Macy's Katie Smith | 12 Aug 15

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.

Macy’s to axe Trump menswear over racist comments Leonie Barrie | 3 Jul 15

US retailer Macy’s is phasing out its Donald Trump men’s wear line after the businessman and presidential candidate made insulting comments about Mexican immigrants.

Macy's pilots customised e-tailoring service Michelle Russell | 2 Jun 15

US department store retailer Macy's is piloting a customised alterations service for online purchases as part of a collaboration with tailoring business zTailors.

Port slowdown and winter weather hit Macy's Q1 Katie Smith | 13 May 15

Delayed product shipments from the west coast port slowdown combined with severe winter weather have resulted in a double-digit first-quarter profit decline for US department store retailer Macy's.

Macy's outlook “conservative” as Q4 profit drops Katie Smith | 24 Feb 15

US department store retailer Macy's has issued a “conservative” outlook for fiscal 2015 after a rise in promotions led to a drop in fourth-quarter net profit.

Macy’s unveils major executive reshuffle Richard Woodard | 4 Feb 15

Retail giant Macy's has announced a wholesale reshuffle of its executive team as part of plans to drive the company’s restructured omnichannel capabilities.

Jones New York latest casualty to shutter stores Katie Smith | 30 Jan 15

Jones New York has become the US apparel industry's latest casualty, revealing it will close all 127 of its stores and end its wholesale business as the women's clothing brand seeks strategic alternatives.

Macy's to move fulfilment centre to support omnichannel sales Beth Wright | 26 Jan 15

Macy's has revealed plans to relocate its West Sacramento fulfilment centre to a larger facility in Sacramento County to support continued sales growth driven by its omni-channel strategy.

NRF 2015: Consumer engagement a new challenge for retailers Michelle Russell | 14 Jan 15

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, according to experts at Retail's 'Big Show', the National Retail Federation's 104th Annual Convention & Expo that took place in New York this week.

Macy's initiates restructuring to save US$140m Michelle Russell | 9 Jan 15

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 cuts outlook despite Q3 profit boost Katie Smith | 12 Nov 14

Department store retailer Macy's has lowered its full-year earnings and sales guidance despite booking a double-digit increase in third-quarter net profit.

Kohl's cranks up efforts to reverse sluggish sales Michelle Russell | 3 Nov 14

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.

Macy's to open first international store Katie Smith | 28 Oct 14

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.

Iconix acquires interest in Nick Graham Michelle Russell | 14 Oct 14

Iconix Brand Group has taken a stake in Nick Graham, which will allow the men's wear lifestyle apparel group to expand its product portfolio and enter new markets.

Finish Line Q2 profit down despite sales growth Katie Smith | 29 Sep 14

Softness within its basketball offering resulted in a slight drop in first-quarter net profit for US athletic apparel and footwear retailer The Finish Line.

Skechers hits back at "skewed" report on sales decline Leonie Barrie | 26 Sep 14

Shoe maker Skechers USA has hit back at a negative analyst report suggesting its sales are decelerating, arguing that the data had been "misinterpreted".

Alliance and Accord urged to harmonise efforts in Bangladesh Leonie Barrie | 19 Sep 14

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.

US: Bill Blass readies for relaunch under COO Goldblatt Leonie Barrie | 19 Sep 14

American brand Bill Blass is readying for a relaunch as a global lifestyle brand Bill Blass under the leadership of its newly-named president and chief operating officer, Stuart Goldblatt.

US: Macy's sees tangible results from RFID adoption Michelle Russell | 15 Sep 14

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.

3D technology: Applications in retail Lee Adendorff | 2 Sep 14

From scanning technology for major sizing studies, to magic mirrors or virtual fitting rooms, 3D technology is helping to transform both retail stores and online shopping.

US: PLM software to support Sunrise Brand's growth Michelle Russell | 20 Aug 14

Sunrise Brands has selected Centric Software's product lifecycle management (PLM) software solution to support the growth of its private-label business.





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