Macy’s Furloughs Majority Of Workforce
The COVID-19 outbreak continues to take a heavy toll on Macy’s business, and the retailer now plans to furlough the majority of its workforce.
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Macy’s Reinforces Finances As Pandemic Grows
Macy’s, like many retailers, has taken several actions to position the company for financial flexibility in response to the continued spread and impact of COVID-19.
Updated: Williams Sonoma, Other Retailers Close Stores, Reduce Hours
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Macy’s Closing Stores Through March 31
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 Fiscal Year Didn’t Live Up To Expectations
The fourth quarter at Macy’s showed some promise, but comps and earnings still slipped, as they did for the fiscal year.
Macy’s Expands Loyalty Card Program
In conjunction with a recent operational reorganization, Macy’s is updating its loyalty program to give consumers more ways of participating.
Macy’s Reorganizes With Store Closings, Headquarters Consolidation
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 And Zola Launch Wedding Registry Partnership
Macy’s and Zola, a registry and wedding planning platform, have launched a wedding registry partnership. Engaged couples can now register for over 2,000 of Macy’s private brand and exclusive gifts across bedding, bath, tabletop, and home, directly on Zola.
Wellness Theme Drives Story Shops At Macy’s
Story at Macy’s, the narrative-driven retail concept inside 36 Macy’s stores nationwide, has unveiled its latest theme: “Feel Good.” Through April 2020, the Feel Good Story brings a fresh focus on wellness and uses merchandise curation and events to explore simple and actionable ways for customers to find greater balance, energy and nourishment.
Macy’s Holiday Season Tops Market Expectations
Macy’s asserted that its comparable sales results for the months of November and December 2019 decreased less than previously expected. Meanwhile, several media reports indicate that Macy’s is eyeing at least some store closures.
Kroger Elects Hoguet To Board Of Directors
Kroger has elected Karen Hoguet, previously CFO of Macy’s, to the company’s board of directors.
Lawton Leaving Macy’s For Tractor Supply CEO Role
Tractor Supply Company has named Hal Lawton as its president, CEO and a member of the board of directors, effective January 13, 2020. Lawton, who is currently president of Macy’s, will succeed Tractor Supply’s CEO Greg Sandfort, who previously announced his intent to retire.
Macy’s Cuts Guidance After Q3 Stumble
The third quarter was a tough one for Macy’s, so much so that the company reduced its full-year earnings per share guidance by 28 cents and its comparable store sales from flat to slightly up to negative territory, down 1.5% to 1% in its owned plus licensed stores.
Macy’s Heats Up Holiday Promotions
The holiday promotions are heating up, with Macy’s the latest retailer to showcase its upcoming Black Friday and Cyber Week specials.
Story At Macy’s Launches ‘Home For The Holidays’ Theme
Story at Macy’s, the narrative-driven concept store inside 36 Macy’s locations nationwide, kicks off the holiday season with the launch of its latest theme: “Home for the Holidays.”
Macy’s Highlights Growth Initiatives At Brand Partner Summit
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 Hiring For The Holidays
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.
Bluemercury Founders To Depart Company
Macy’s said that Marla and Barry Beck, founders of the Bluemercury beauty chain which Macy’s acquired in 2015, will transition from the company.
Macy’s Reveals Story’s School Of Style Theme
This fall, the Story store at Macy’s, the retailer’s in-store boutique that focuses on narrative retailing and curated selections to create an engaging store experience, has revealed its latest theme: School of Style.
Macy’s Advances Diversity Initiative
Macy’s is advancing a five-point diversity initiative to reflect the diversity of the customers and communities it serves. As part of this effort, the company has set goals and outlined specific strategies to increase its impact.