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 CEO Jeff Gennette is bullish on his company’s Backstage off-price retail concept.
Hudson’s Bay has appointed Vanessa LeFebvre as president of Lord & Taylor.
Macy’s is expanding its Star Rewards program, which will now be open to all customers, regardless of how they pay for their purchases. Additionally, all Star Rewards members will enjoy new benefits, including Star Money Days, Perks & Offers, and a Birthday Surprise.
Macy’s is rolling out two new digital initiatives that officials with the department store retailer feel will help boost the shopping experience for its customers.
Macy’s saw a slight increase in comparable store sales over the holiday shopping season, with the retailer also announcing that it will close 11 stores in the coming weeks.