Macy's Inc

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US: Macy's cuts FY sales forecast amid tough headwinds Leonie Barrie | 13 Aug 14

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: Worker safety pacts "not part" of Ralph Lauren strategy Katie Smith | 11 Aug 14

Luxury apparel giant Ralph Lauren Corporation has said becoming a member of one of two groups working to improve safety and working conditions in Bangladesh's textile industry is "not part" of its strategy.

SOURCING: Alliance members buying more products from Bangladesh Leonie Barrie | 23 Jul 14

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.

BANGLADESH: Alliance doubles compensation for displaced workers Katie Smith | 14 Jul 14

The Alliance for Bangladesh Worker Safety has extended compensation for garment factory workers displaced due to factory remediation from two months' up to four months' wages.

US: Men's Wearhouse and Jos A Bank deal given green light Michelle Russell | 2 Jun 14

The deal by Men's Wearhouse to acquire US men's apparel and footwear business Jos A Bank Clothiers has been given the green light by The Federal Trade Commission (FTC).

BANGLADESH: Alliance inspections reveal "dozens of deficiencies" Leonie Barrie | 28 May 14

The first round of inspection reports released by the Alliance for Bangladesh Worker Safety show that "dozens of deficiencies" have been identified in every garment factory. And the group now has just six weeks to release data on the remaining 600 factories supplying its member companies.

US: Macy's reports solid Q1 in challenging environment Michelle Russell | 15 May 14

Macy's delivered solid results in a challenging retail environment, an analyst has said, despite the US department store retailer booking a drop in first-quarter sales and narrowing margins.

BANGLADESH: Alliance seeks five factory closures over safety Leonie Barrie | 6 May 14

The Alliance for Bangladesh Worker Safety says it has so far sought the immediate suspension of production in five factories following concerns about the safety of the buildings where they are located.

US: Stein Mart adds president to job titles Katie Smith | 28 Apr 14

Off-price fashion retailer Stein Mart has created a new title of president, which will be shared by COO Hunt Hawkins and chief merchandising officer Brian Morrow.

WORLD: Apparel gives strong showing in brand rankings Michelle Russell | 8 Apr 14

The latest listing of the best global brands show clothing performed well, with US department store retailer Macy's increasing its brand value by more than 25%, and H&M ranking as the top retailer in its region.

US: Macy's merchandising chief promoted to president Katie Smith | 1 Apr 14

Jeffrey Gennette has been promoted to president of US department store retailer Macy's, taking on additional responsibility for its marketing and online business.

US: Kurt Salmon appoints Cole as retail and consumer partner Michelle Russell | 27 Feb 14

Management consulting firm Kurt Salmon has appointed Macy's executive Tom Cole as a partner in its retail and consumer products group.

US: Macy's Q4 earnings climb Michelle Russell | 25 Feb 14

US department store retailer Macy's recorded an increase in earnings in the fourth quarter but results missed analyst expectations as harsh winter weather hit January sales.

GUATEMALA: Groups claim Alianza workers deprived of $6m Leonie Barrie | 27 Jan 14

Workers making clothing for JC Penney, Macy's, Kohl's and Wal-Mart at the Alianza Fashion factory in Guatemala were deprived of more than $6m in back wages, benefits and pension funds when the company shut down last year, a new report claims.

BANGLADESH: Damco seeks bank help on sea-air shipments Siddique Islam | 24 Jan 14

Global freight forwarder and logistics services provider Damco is seeking help from the central bank of Bangladesh to resolve payment difficulties around its sea-air shipment business.

US: Retailer Target to axe 475 jobs Katie Smith | 24 Jan 14

General merchandise retailer Target Corp has become the latest retailer to cut jobs, with the announcement it is laying off around 475 employees globally.

Interview: Liu Zibin, general manager at Luthai Textile Michelle Russell | 23 Jan 14

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.

US: Macy's goes live with RFID software Katie Smith | 23 Jan 14

US department store retailer Macy's has implemented RFID enabled technology across its 850 stores to help improve inventory accuracy, increase efficiency, and drive sales.

NRF 2014: Tailoring technology for omnichannel success Leonie Barrie | 21 Jan 14

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.

US: Body Central shuffles merchandising team Katie Smith | 8 Jan 14

Value apparel retailer Body Central has announced a series of changes to its management team, including the promotion of Patti Simigran to SVP and general merchandise manager.

CHINA: Luthai Textile eyes expansion with New York office Michelle Russell | 7 Jan 14

China-based shirt manufacturer and yarn supplier Luthai Textile is to open an office in New York as part of the firm's ambitions to grow its global business.

US: Macy's to invest $170m in new distribution centre Katie Smith | 18 Dec 13

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: Destination Maternity signs online deal with Michelle Russell | 17 Dec 13

Destination Maternity Corp has signed an exclusive supply deal with US retailer Macy's for its e-commerce business.

US holiday season gets off to a slow start Katie Smith | 4 Dec 13

A combination of cold weather, promotions and price cuts saw millions of Americans shop for holiday gifts over the Thanksgiving weekend, kicking off the biggest selling period of the year. But while overall shopper numbers were up on last year, they're spending less, first figures suggest. Katie Smith looks at how the holiday season is likely to pan out.

CAMBODIA: Factory clean-up ordered after workers faint Katie Smith | 25 Nov 13

Random inspections are set to take place at garment manufacturer King First Industrial Co after more than 100 workers fainted over two days last week.

US: Macy's Q3 earnings climb, reaffirms guidance Michelle Russell | 14 Nov 13

Macy's has booked a 22.1% increase in third-quarter earnings on the back of a lift in sales and reaffirmed its guidance for the full year.

Tough times ahead for teen apparel retailers Leonie Barrie | 13 Nov 13

It's not so long ago that teens were something of a sweet spot on the retail landscape, buoyed by a core customer who seemed immune to the recession. But today's teens are not spending money like they used to.

Trade deals move ahead in changing US apparel industry Ed Zwirn | 12 Nov 13

Hot topics under discussion at the annual meeting of the rebranded United States Fashion Industry Association (USFIA) included major trade negotiations, and the changing concerns of the US apparel industry.

US: Bloomingdale's CEO Gould steps down Katie Smith | 31 Oct 13

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 continues to monitor Chinese market Katie Smith | 8 Oct 13

US department store retailer Macy's has said it "continues to watch" the Chinese market after reports emerged that it had halted its online expansion plans in the country.






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