macys

Retail
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.

Retail
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.

Executive Profile
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.

Retail
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.

Retail
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.

Financials
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.

Retail
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.”

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