Macy's News

Macy's Gambles on Luxury Line to Boost Profits

Macy’s Gambles on Luxury Line To Boost Profits

Macy’s has been facing a downturn of profits lately.

Macy’s at the Mall of Victor Valley in Victorville, CA

Macy’s Ends Buyout Talks

The legendary department store chain is banking on itself in the future.

Macy's All-Star Week What We Know

Macy’s All-Star Week: What We Know

Macy’s All-Star Week will be going up against other retail blitzes like Amazon Prime Day.

Macy's 4th of July Fireworks Show What We Know

Macy’s 4th of July Fireworks Show: What We Know

The Macy’s 4th of July Fireworks Show is an annual tradition.

Macy's Retail Department Store Exterior and Trademark Logo

Is Macy’s Taking the Right Steps To Reawaken Growth?

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?

Macy’s at the Mall of Victor Valley in Victorville, CA

How Will Closing 150 Macy’s Locations Affect Retail?

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?

Nordstrom and Macy's

Retail Giants Nordstrom and Macy’s Consider Private Ownership

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?

Macy's building

Investment Firms Increase Macy’s Takeover Offer to $6.6 Billion

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 Retail Department Store Exterior and Trademark Logo

Macy’s Shifts to ‘A Bold New Chapter’

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?

low angle photo of gray concrete building under blue sky during daytime

Macy’s Announces Plans To Close 150 Stores

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 building

Macy’s Tackles Streamlining Again

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?

Front of a Macy's store

Macy’s To Axe Over 2,300 Jobs and Shut Down 5 Stores

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.

NRF 2024: Retail's Big Show stage

NRF Big Show: Has the CFO Role Become More Important in Retail?

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 Manhattan store in New York City

Is a Real Estate-Driven Buyout Good for Macy’s?

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?

macy's

Macy’s Might Be Bought Out for $5.8 Billion

The future of Macy’s hangs on this monumental billion-dollar deal.

Macy's Thanksgiving Day Parade float

Is the Thanksgiving Day Parade Worth It for Macy’s?

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 Calls Bloomingdale’s Brand a ‘Growth Vehicle’ for the Company

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 Will Open Up to 30 Stores, as Department Store Looks to Strip Malls as Key Part of Its Future

Macy’s has announced plans to open up to 30 smaller stores in strip malls over the next two years, marking a…

Woman shopping for intimates in a store

Does Gap Underwear Fit Inside Macy’s?

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?

Front of a Macy's store

Will Small, Off-Mall Locations Turn Macy’s Fortunes Around?

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 To Open Four More Smaller Stores, as Strip Mall Experiment Shows Early Signs of Success

Macy’s has announced plans to open four smaller stores in Boston, Las Vegas, San Diego, and suburban Indiana, as part of…

Fewer Overseas Tourists in U.S. Hurt Macy’s Sales

Macy’s has revealed that a decline in overseas tourists visiting the United States has adversely impacted its sales, with international visitors…

All the major retailers have started using Meta’s new Threads platform — except Costco

Nine of the top 10 retailers in the United States have joined Meta’s new social media app, Threads, with the notable…

Photo of Matt Baer, incoming CEO, Stitch Fix, smiling against light gray background wearing blue collar shirt

Can Former Macy’s and Walmart E-comm Exec Fix Stitch Fix?

Stitch Fix has named former Macy’s and Walmart executive Matt Baer its new CEO.  

White Nike swoosh on a black background

Has Nike Learned It Just Can’t Do It With DTC Sales Alone?

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 Jeff Gennette

What’s Next for Macy’s as Jeff Gennette Announces Plans to Retire?

Macy’s, Inc. CEO Jeff Gennette, 61, has said he will retire in February after nearly 40 years working for the department store giant.

Toys 'R' Us Tour Announcement

Will Geoffrey’s Road Trip Drive New Kids To Toys”R”Us?

“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.”

Should retailers open stores in malls or look outside for better results?

Should retailers open stores in malls or look outside for better results?

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?

Photo: Macy’s

Is the small neighborhood store ready to be the next big retail trend?

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 gets snagged by apparel markdown pressures

Nordstrom gets snagged by apparel markdown pressures

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?

Macy’s gains control of its inventory and markdowns

Macy’s gains control of its inventory and markdowns

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 looks to make more with less

Bloomingdale’s looks to make more with less

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.?

Unionization efforts may shift gears in 2023

Unionization efforts may shift gears in 2023

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 is ‘speechless’ and Wegmans says ‘the more we get together, the happier we will be’

Macy’s is ‘speechless’ and Wegmans says ‘the more we get together, the happier we will be’

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?

Is Macy’s leveling up its online fulfillment network?

Is Macy’s leveling up its online fulfillment network?

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?

Claire’s sets up shops inside of Macy’s stores

Claire’s sets up shops inside of Macy’s stores

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?

Are department store shoppers getting a late start on Christmas or taking a pass?

Are department store shoppers getting a late start on Christmas or taking a pass?

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?

Retailers have scaled way back on seasonal help for Christmas

Retailers have scaled way back on seasonal help for Christmas

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 mined credit card data to avoid taking on excess inventory

Macy’s mined credit card data to avoid taking on excess inventory

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 and other retailers are canceling billions of dollars in orders

Walmart and other retailers are canceling billions of dollars in orders

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?

What should the free shipping threshold be?

What should the free shipping threshold be?

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 keeps going small and off-mall

Macy’s keeps going small and off-mall

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?

Will Toys“R”Us kids help Macy’s have a very merry Christmas?

Will Toys“R”Us kids help Macy’s have a very merry Christmas?

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?

Is an urban retail recovery underway?

Is an urban retail recovery underway?

“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?

Why did Nordstrom close Trunk Club?

Why Did Nordstrom Close Trunk Club? 2 Surprising Reasons For Failure

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?

Why are retailers struggling so hard to balance inventory?

Why are retailers struggling so hard to balance inventory?

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?

Is Macy’s for real?

Is Macy’s for real?

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 goes small outside the mall

Macy’s goes small outside the mall

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?

Has Backstage found its place inside of Macy’s?

Has Backstage found its place inside of 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 opens its e-commerce site to third-party clothing brands

H&M opens its e-commerce site to third-party clothing brands

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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