Macy's Inc

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US Q2 in brief – Ross Stores, Dick's Sporting Goods, L Brands just-style | 23 Aug 19

In the latest second-quarter filings from US apparel and footwear brands and retailers, department store retailer Target Corp has reported a 17.4% jump in earnings, Urban Outfitters booked a drop in both earnings and revenue, while Weyco warned it expects the extra 10% tariff to be imposed on $300bn worth of US imports from China to increase the overall cost of its shoes. Elsewhere, JC Penney CEO Jill Soltau said she is pleased with the results the retailer has delivered in the quarter.


Macy's working with suppliers to mitigate tariff impact Beth Wright | 15 Aug 19

US department store retailer Macy's has no plans to increase its prices on any items affected by President Trump's latest tranche of tariffs, according to CEO Jeff Gennette.


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands just-style | 1 Aug 19

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. 


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity just-style | 23 May 19

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.


Macy's hires executive to strengthen supply chain Hannah Abdulla | 2 Apr 19

US department store retailer Macy's Inc has appointed Dennis Mullahy to the newly created role of chief supply chain officer for the Macy’s brand.


Macy's to cut jobs, focus on supply chain efficiency Beth Wright | 27 Feb 19

As part of its efforts to boost profitability, US department store retailer Macy's Inc has outlined plans to reduce its upper management structure, in a move it says will allow better investment in areas such as improving supply chain efficiency and enhancing inventory management.


Macy’s names Ongman as chief merchandising officer Leonie Barrie | 13 Feb 19

US department store retailer Macy’s Inc has named Patti Ongman as chief merchandising officer of the Macy’s brand, succeeding Jeff Kantor who is to retire.


US Q3 in brief – Boot Barn Holdings, VF Corp just-style | 6 Feb 19

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.


US holiday sales in brief – Nordstrom, Citi Trends, Urban Outfitters just-style | 15 Jan 19

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Urban Outfitters reported record holiday sales, Kohl's raised its full-year earnings guidance on the back of a 1.2% rise, while US retail giant JC Penney is to shutter three stores this spring on the back of a 5.4% comp sales drop.


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn just-style | 8 Aug 18

In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.


Macy's names Price CEO as Hoguet retires Beth Wright | 24 May 18

US retail giant Macy's has named Paula Price chief financial officer, succeeding Karen Hoguet who plans to retire at the end of the 2018 fiscal year.


US Q4 in brief – Boot Barn Holdings, Destination Maternity just-style | 18 May 18

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.


Macy's acquires New York concept store Story Leonie Barrie | 3 May 18

As it looks for new ways to enhance its customer experience, US department store retailer Macy’s Inc has acquired Story, a highly innovative retail store in New York City.


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.


US holiday sales in brief – The Children's Place, Nordstrom, Target Corp Beth Wright | 10 Jan 18

Holiday sales have seen a solid performance at many leading US apparel and footwear retailers, with Target, American Eagle Outfitters, JC Penney, Urban Outfitters and Kohl's among those who have benefited from increased consumer spending on the back of strong economic growth, low unemployment and rising home and equity prices.


More to be done at Macy's despite "solid" holiday season Beth Wright | 5 Jan 18

The holiday sales growth at Macy's is a welcome change according to one analyst, but the US retail giant still has "a very long journey ahead" before it can declare itself on the path to posterity as it revealed plans to shutter 11 stores in early 2018 and a narrowing of its full-year sales guidance.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

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.


Macy's restructures merchandising unit to focus on speed Beth Wright | 22 Aug 17

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.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

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. 


Macy's promotes Anwar as tech VP amid team restructure Beth Wright | 2 Jun 17

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.


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

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. 


Macy's and Tailored Brands end tuxedo partnership Beth Wright | 4 May 17

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.


Gennette takes the helm at Macy's Beth Wright | 24 Mar 17

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).


Marks & Spencer tops human rights benchmark Michelle Russell | 13 Mar 17

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.


Macy's will "do the right thing", says Lundgren Beth Wright | 22 Feb 17

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.


Aditya Birla to launch Saks Fifth Avenue in India? Beth Wright | 21 Feb 17

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.


Hudson's Bay in Macy's takeover bid? Beth Wright | 3 Feb 17

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.


Macy's to slash 10,000 jobs amid poor holiday sales Beth Wright | 5 Jan 17

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.


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

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.

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