Macy’s saw improvement in its fiscal year 2018 and fourth quarter, while stepping up a restructuring plan that streamlines its upper management and reduces costs.
Macy’s has named Patti Ongman as the retailer’s chief merchandising officer, succeeding Jeff Kantor who is retiring.
For the November/December holiday season, Macy’s company-owned store comparable sales advanced 0.7% while owned plus licensed store comps gained 1.1%.
Macy’s is feeling bullish about the upcoming holiday season after the department store retailer reported sales growth in the third quarter.
Macy’s has named Shawn Outler evp/chief diversity officer.
Lagostina, a subsidiary of Groupe SEB, has rolled out its Giada Dutch oven, which is now available for purchase at Macy’s and Crate & Barrel.
Epoca International has been tapped to be the manufacturer of non-electric housewares for Buzzfeed’s new brand Goodful. The line will officially launch this month at Macy’s, however, products are already being rolled out on the Macy’s website.
Macy’s and Marxent have partnered on what the two companies said is the largest virtual reality rollout in retail history, with approximately 70 Macy’s VR installations in stores nationwide.
Macy’s has appointed David Abney, chairman and chief executive officer of United Parcel Service, Inc., to its board of directors, effective October 25.
Macy’s is employing technology to make the customer experience more convenient, efficient and fun by employing virtual and augmented reality.
Macy’s will hire approximately 80,000 seasonal workers for the upcoming holiday season, with nearly 30% of those new hires to be positioned in direct-to-consumer fulfillment facilities.
Housewares industry veteran Patricio Barriga has launched Zavor, a new housewares company that currently includes electric multi-cookers, stovetop pressure cookers and induction cooktops.
Macy’s rebound continued into the second quarter, beating Wall Street estimates, although the retailer struggled to deliver sales growth.
Prime Day has become an event, according to market research firm A.T. Kearney, with 63% of Amazon.com customers planning their participation in the promotion four days before its launch, but that doesn’t mean the e-tailer is the only company that benefited from the occasion.
The July 23 issue of HOMEWORLD BUSINESS® features the 19th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
Macy’s has named Naveen Krishna as its new chief technology officer, effective June 16.
Macy’s has acquired a minority stake in b8ta and will use the latter’s software platform to scale The Market @ Macy’s concept launched earlier this year.
Macy’s CEO Jeff Gennette is bullish on his company’s Backstage off-price retail concept.
Macy’s has appointed Paula Price chief financial officer, effective July 9, 2018.
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.