Macy’s has been facing a downturn of profits lately.
The legendary department store chain is banking on itself in the future.
Macy’s All-Star Week will be going up against other retail blitzes like Amazon Prime Day.
The Macy’s 4th of July Fireworks Show is an annual tradition.
Macy’s Inc. reported that the “First 50” Macy’s traditional locations have been revamped under its Bold New Chapter strategy. Are the steps being taken to revive growth at the full-line Macy’s chain promising?
The recent announcement of Macy’s plan to shutter approximately 150 stores has sent ripples of anticipation among its competitors. With Macy’s closing stores, how should shopping malls evolve to remain relevant without anchor tenants?
Major department store chains Nordstrom and Macy’s could soon find themselves under the ownership of private-equity firms or hedge funds. How might the shift to private ownership of major retail chains redefine the metrics of success in the retail industry?
Arkhouse Management and Brigade Capital Management announced a revised offer to acquire Macy’s. Previously snubbed for being too low, the firms now propose purchasing Macy’s shares they don’t already own for $24 each, a 14% increase from their previous bid of $21 per share.
Macy’s has announced a new turnaround plan that calls for the closing 150 of its traditional department stores while ramping up the expansion of smaller-format stores and luxury concepts. What other steps should they be exploring to reimagine the department store business?
In a bid to rejuvenate its brand amidst shifting consumer preferences, Macy’s is undergoing a significant makeover with 150 stores set to close.
Macy’s has announced plans to reduce 3.5% of its workforce and close five stores. What do you think is behind Macy’s move to streamline operations amid activist pressures?
Macy’s revealed plans to lay off around 3.5% of its staff and shut down five of its stores as part of the American department store chain’s strategy to reduce costs and revive slowing sales.
At the NRF 2024: Retail’s Big Show, the CFOs of Macy’s, Rothy’s, and Levi Strauss shared a panel that discussed how the CFO role in retail has changed due in large part to the need to invest in technology to drive growth.
Macy’s received a $5.8 billion buyout offer from an investor consortium in an apparent bid to take America’s largest department store chain private. Do you see any potential benefit to Macy’s core retail business?
The future of Macy’s hangs on this monumental billion-dollar deal.
Macy’s has long said it considers the Macy’s Thanksgiving Day Parade its “annual gift to the nation,” but it has never indicated whether the event is worth the cost. Should Macy’s continue to fund the Thanksgiving Day Parade if it loses money?
Incoming Macy’s CEO, Tony Spring, and current CEO, Jeff Gennette, highlighted the strength of Macy’s non-namesake brands, including high-end department store…
Macy’s has announced plans to open up to 30 smaller stores in strip malls over the next two years, marking a…
In the first-ever partnership between the two retail chains, Macy’s introduced an exclusive collection of Gap-branded sleepwear, underwear, and intimates. Is the partnership potentially a bigger deal for the Gap banner or Macy’s?
Macy’s is pushing forward with new store formats as it seeks to turn around its fortunes following a disappointing quarter. ill the smaller-format stores be enough to return Macy’s as a whole to growth?
Macy’s has announced plans to open four smaller stores in Boston, Las Vegas, San Diego, and suburban Indiana, as part of…
Macy’s has revealed that a decline in overseas tourists visiting the United States has adversely impacted its sales, with international visitors…
Nine of the top 10 retailers in the United States have joined Meta’s new social media app, Threads, with the notable…
Stitch Fix has named former Macy’s and Walmart executive Matt Baer its new CEO.
Reunited and it feels so good. Nike and Macy’s are getting back together more than a year after the athleticwear brand stopped selling its apparel to the department store chain as it emphasized direct-to-consumer (DTC) sales and exited what it determined were “undifferentiated” wholesale accounts.
Macy’s, Inc. CEO Jeff Gennette, 61, has said he will retire in February after nearly 40 years working for the department store giant.
“We are sending Geoffrey across the country to kick up the excitement for families to have what we call a ‘playcation’ where you put your responsibilities aside and embrace fun.”
Bath & Body Works, among several chains reorienting their footprint away from malls, added 95 off-mall North American stores in 2022 and plans to open approximately 90 more in 2023. Does the growth opportunity for traditional mall-based chains still appear bigger off-mall or is the view of enclosed shopping malls overly pessimistic?
People enjoy working from home so much that going back to the office five days a week is no longer an option. Being home more often, consumers prefer to shop local more and want bigger brands to come to them, according to this study. Do you see a significant opportunity for national retailers to open up smaller stores in local neighborhoods?
Nordstrom last week became the latest retailer in the apparel space to lower its outlook as it found that deeper discounts were required to clear slow-moving holiday merchandise. Is Nordstrom’s shortfall likely more reflective of the broader challenges facing the apparel category or its own management strategies and processes?
At the NRF Big Show, Jeff Gennette, Macy’s CEO, discussed how process changes and improved data science helped the retailer overhaul inventory disciplines over the pandemic. Are more retailers using data science to tailor markdowns by “door and channel” as Macy’s is doing?
Bloomingdale’s is going small in Seattle, saying it will open a new Bloomie’s, its small off-mall store concept, this year in University Village in the Ravenna neighborhood, north of the city’s downtown. Do you see the Bloomie’s concept as a smart way for Bloomingdale’s to scale its operations to new markets around the U.S.?
Shoppers planning to visit Macy’s Union Square flagship store in San Francisco for last-minute gifts on Christmas weekend were met with a picket line, as the store’s union went on strike for the two days before the holiday. Do you see the recent labor activism taking another step forward or retreating in 2023?
Macy’s and Wegmans are going for the heart strings in round six of the 2022 RetailWire Christmas Commercial Challenge. Which one will join Etsy, Kroger, Publix, Amazon.com and Aldi UK in the finals? What is your critique of the Christmas spots from Macy’s and Wegmans?
Macy’s recently announced that it has carved out roughly one million square feet across 35 stores to efficiently fulfill online orders in local markets at a reduced cost. How do you see Macy’s semi-automated store-level and large warehouse fulfillment centers working together?
Macy’s has been pursuing opportunities to grow its business through store-within-a-store partnerships, and in its latest alliance is teaming up with Claire’s to open shops inside 21 Macy’s stores, including eight flagship locations. Are Claire’s and Macy’s a good match?
Described as a “nightmare before Christmas” by The Wall Street Journal, Macy’s and Kohl’s saw an unexpected sales slowdown in October and early November, leaving questions about whether holiday gifting is being delayed or cut back in a hyper-inflationary period. How worrisome should the late holiday purchasing trend be for department stores?
Amid a continued tight labor market, holiday help appears to be less in demand this year due to the souring economy. Is it prudent or hasty to significantly pull back on seasonal hires amid inflationary pressures and the uncertain economy?
Macy’s competitors have been forced to pack-and-hold large amounts of excess inventory, but the department store giant claims that it was able to avoid that scenario in many cases by paying close attention to its co-branded credit card data. Are some retail forecasting systems missing data important to projecting future consumer activity?
Walmart, Target, Macy’s and Kohl’s are among retailers that have recently said they are canceling some orders to better balance inventory levels, a replay of a strategy used at the start of the pandemic. Should order cancellations be a rare, last-resort option or regularly used as a tool for rebalancing inventories?
Kohl’s said its online sales in the second quarter benefited from higher conversion rates, driven largely by a move to lower its free shipping threshold on order size to $49 from $75. How should the order size threshold for free shipping be determined?
Macy’s is not anchoring itself to malls any longer. The department store retailer said it will open four new small, off-mall stores as part of a multiyear strategy to reinvent its business in suburban “power centers” around the country. How likely is Macy’s to close more of its mall stores and replace them with Market by Macy’s or dual Market and Backstage locations?
Every Macy’s will soon have a Toys“R”Us shop inside. The two retailers yesterday said that the toy shops will begin opening later this month, locating one in every Macy’s department store by October 15. How likely are Macy’s customers to shop its stores for toys this holiday season?
“It’s slow progress, but retailers’ interest in urban corridors is returning and deal volume is inching up, while shoppers, workers, travelers and diners return to city life,” according to a new report from real estate services firm JLL. How confident are you that urban retail will soon return close to pre-pandemic levels?
Nordstrom recently disclosed that it has shuttered Trunk Club, but has no plans to deemphasize personalized styling. Is Nordstrom’s closure of Trunk Club more about the challenges of running apparel subscription services or overall demand for online styling advice?
Many retailers in the first quarter found themselves with inventory levels that exceeded sales gains. This after dealing with two years of shortages tied to supply chain disruptions. Are the inventory imbalances faced by many retailers likely a temporary or longer-term issue?
Macy’s CEO Jeff Gennette has been saying that the department store company he leads is a different and better retailer than it has been in the past. The chain’s most recent quarterly results don’t appear to do anything to disprove that assertion. Are you becoming a Macy’s believer?
Macy’s, a longstanding fixture of the shopping mall, is expanding a standalone store strategy in a way that could change how customers think of the retail chain. Do you see moving away from the mall and into smaller, standalone stores as a path to reinvention for Macy’s?
Continuing its fast rollout, Macy’s announced plans to expand Backstage in-store shops to 37 more full-line locations this spring, bringing the off-price concept to nearly 60 percent of the chain and reaching its Herald Square and State Street flagships. Has the Backstage concept proven itself inside Macy’s full-line locations?
H&M has opened up its e-commerce sites in Germany and Sweden to third-party brands on a trial basis. The retailer is testing to see whether a marketplace model will resonate with consumers in the two European countries before it scales the test further. Would an H&M marketplace be successful if launched in the U.S.?
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