Macy’s is closing 45 of its stores this year, including its Water Tower store on Chicago’s Magnificent Mile, as part of a previously announced initiative.
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.
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 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.
Le Creuset and Bloomingdale’s have teamed up for an exclusive launch of the brand’s Galaxy Dutch oven.
Macy’s is looking to leverage its real estate assets as it plans a turnaround from softer sales and earnings.