Macy’s To Close 45 Stores In 2021, Including Chicago Flagship
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.
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Dvir Named Macy’s Chief Merchandising Officer
Macy’s has appointed Nata Dvir chief merchandising officer of the Macy’s brand, effective February 1.
Placer: Kohl’s Stores Enter 2021 In Strong Competitive Position
According to Placer.ai, despite being down year over year, Kohl’s stores are 2020 winners versus key rivals, particularly in the holiday season.
Macy’s Touts Last-Minute Gift Resources
With the holiday shopping season winding down, Macy’s is promoting itself as a last-minute gift source with unique items across all price points via macys.com, mobile app or shopping in stores that are employing advanced safety and cleaning measures nationwide.
Digital, Home Sales Help Macy’s In Q3
In the third quarter, Macy’s did better than Wall Street expected as digital sales and services such as curbside pickup helped boost revenues, and home furnishings gained.
2021 Retailers To Watch: Macy’s
Macy’s has had to travel a rocky road lately as it confronts a new generation of consumer and an environment increasingly evolving toward digital sales, and then the COVID-19 pandemic.
eMarketer: COVID-19 Shakes Up Digital World
According to eMarketer, e-commerce sales will jump 32.4% this year. But the numbers aren’t the only story as Kroger becomes the first supermarket operator to make the top 10 sales leaders.
Macy’s Appoints Mitchell Chief Financial Officer
Macy’s has appointed Adrian Mitchell as chief financial officer, effective November 2, 2020.
Macy’s Strikes Deal With Klarna On Payments
Klarna, the global payments and shopping service, has entered into a partnership with Macy’s that will allow customers who are checking out merchandise with the retailer online to pay in four equal, interest-free installments as part of an enhanced shopping experience.
Strong Store Reopenings Propel Macy’s Q2
Despite the ongoing coronavirus pandemic, Macy’s managed stronger than expected results in the second quarter.
Report: Simon Offers Amazon Mall Space For Fulfillment Hubs
Mall operator Simon Property is in talks with Amazon to occupy space exited by consolidating department store and mid-tier retailer chains such as J.C. Penney, according to a Wall Street Journal report.
Sarah Dipietro, Omni Buyer, Fine & Casual China, Dinnerware, Outdoor & Table Linens, Macy’s
Sarah Dipietro quickly gained a reputation as a creative partner after stepping into her role at Macy’s as omni buyer for dinnerware in mid-2018. Most recently, she took on the casual china department at the retailer as well and was noted for her swift and focused diligence amid the COVID pandemic. For these and other reasons, Dipietro has been named a 2020 HOMEWORLD BUSINESS Impact Merchant.
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Macy’s Sets Plans For Safe Holiday Promotions
COVID-19 forced retailers to rethink operations as spring moved into summer, but now that the progression into the holiday season is at hand, Macy’s is already formulating plans to deal with the circumstances it will have to confront.
Macy’s Hit By Big Q1 Loss, Expects Gradual Recovery
In the first quarter, Macy’s posted a big loss, but the company said recovery from COVID-19 pandemic-related shutdowns has been strong.
Macy’s Restructures To Address Pandemic’s Sales Impact
Macy’s is restructuring to align its cost base with anticipated near-term sales as the business recovers from the impact of the COVID-19 pandemic, including the closure of stores from March 18 through May 4, 2020 and gradual reopening.
Macy’s Secures Financing But Signals Q1 Loss
Macy’s has secured new financing to shore up its business, while revealing that its preliminary sales and earnings results for the first quarter included a loss and lower sales, although it said e-commerce and reopened stores are performing well.
Macy’s Responds To Herald Square Store Break In
Looters broke into Macy’s flagship store in New York’s Herald Square on the night of June 1 in the aftermath of protests related to the death of George Floyd, and the company issued a brief statement on June 2 about how civil unrest has affected the company.
Macy’s Forecasts Challenging Q1 Results
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.
Vesa Equity Takes 5% Macy’s Share, Intends Management Talks
Vesa Equity Investment has acquired a 5% stake in Macy’s, with its purpose, according to a filing with the United States Security and Exchange Commission, “to engage in constructive discussions with the issuer’s management and/or board of directors, other stockholders of the issuer and other interested parties that may relate to the business, management, operations (including cost structure), assets, capitalization, financial condition, strategic plans, governance and board composition and the future of the issuer.”
CFO Price Departing Macy’s
Macy’s said that Paula Price, the retailer’s evp/chief financial officer, is leaving the company as of May 31.