As it adapts to the coronavirus-impacted retail environment, Macy’s has provided preliminary sales and operating results estimates for the 2020 first quarter, which include significantly reduced sales, but also some good news from reopened stores.
As retail reacts to the coronavirus, Macy’s will temporarily close all stores by end of business on March 17 with stores remaining closed through March 31.
Macy’s is undergoing a substantial business reorganization, including closing 125 locations and developing non-department store formats, accelerating digital growth, enhancing its loyalty program and consolidating headquarters and management staff.
Macy’s plans to hire approximately 80,000 seasonal colleagues for positions at its Macy’s and Bloomingdale’s stores, call centers and distribution and fulfillment centers for the 2019 holiday season.
Bloomingdale’s has long offered its customers a broad selection of housewares. Now, the upscale department store is adding major appliances to its mix.
Coravin is now shipping its Bluetooth-enabled Model Eleven wine preservation system. The new system is integrated with Coravin Moments, the company’s app.
Ember’s temperature control ceramic and travel mugs are debuting at Bloomingdale’s as part of the retailer’s “Urban Explorer” installation of its pop-up event, The Carousel at Bloomingdale’s.
Macy’s rebound continued into the second quarter, beating Wall Street estimates, although the retailer struggled to deliver sales growth.
Macy’s CEO Jeff Gennette is bullish on his company’s Backstage off-price retail concept.
Macy’s raised its outlook for the fiscal year after a solid first quarter, signaling that the retailer’s growth strategies seem to be taking hold after several downbeat quarters.
Macy’s saw a slight increase in comparable store sales over the holiday shopping season, with the retailer also announcing that it will close 11 stores in the coming weeks.
Bloomingdale’s will host a Food52 pop up shop at its flagship Lexington Avenue store in New York City. The collection will include a selection of gift-ready cooking, tabletop and entertaining tools curated by Food52.
Macy’s plans to hire approximately 80,000 seasonal workers for positions at its namesake and Bloomingdale’s stores, call centers, distribution centers, and online fulfillment centers nationwide for the 2017 Christmas and holiday season.
Le Creuset and Bloomingdale’s have teamed up for an exclusive launch of the brand’s Galaxy Dutch oven.
Macy’s is expanding its same-day delivery service of products purchased online at macys.com, bloomingdales.com and both brands’ mobile apps.
Michelle Israel has been promoted to lead Macy’s Backstage and Bloomingdale’s The Outlets off-price divisions, according to a report by WWD. She will hold the title of senior vice president overseeing both divisions.
Macy’s is looking to leverage its real estate assets as it plans a turnaround from softer sales and earnings.
Macy’s will add approximately 83,000 seasonal associates for the upcoming holiday season, with 15,000 of those spots earmarked for the retailer’s direct-to-consumer fulfillment facilities.
With Macy’s sales and earnings continuing to decline over the last few quarters, the department store retailer said it would close 100 stores and boost e-commerce and other omnichannel and strategic initiatives to reinforce its performance.
Coravin has launched the Model One Wine System, which the company said is designed for new and experienced wine lovers, including Millennial consumers.