macys

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.”

Retail
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.

Retail
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.

Retail
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.

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