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 brought together nearly 800 brand partners in New York City to discuss general industry trends, business highlights, strategic programs and brand innovations, and also update key growth initiatives.
Macy’s CEO Jeff Gennette is bullish on his company’s Backstage off-price retail concept.
Hudson’s Bay has appointed Vanessa LeFebvre as president of Lord & Taylor.
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.
Facing competitive headwinds from e-commerce and closeout retailers, Macy’s new CEO Jeff Gennette is focused on growing the company’s core business while also expanding the department store’s efforts in the digital space.
Off-price is on a roll, as value retailing shows no sign of losing the momentum gained among frugal consumers despite…
Macy’s Backstage debuts today, September 2, in three simultaneous openings across the eastern end of the New York City metro…
Macy’s has added two more pilot store locations in metro New York City for the upcoming launch of Macy’s Backstage,…