Macy’s is making organizational changes, including the appointment of Hal Lawton as president, and is restructuring its merchandising operations.
Sensio and Macy’s are teaming to raise the profile of the department store’s exclusive Crux brand of small electrics with the launch of the “Copperstyle Your Kitchen” sweepstakes.
The National Retail Federation has elected Macy’s executive chairman Terry Lundgren chairman of its board of directors.
Macy’s recently celebrated Asian Pacific American Heritage Month with chef Kristen Kish. Kish, the winner of Bravo’s “Top Chef” Season 10, hosted in-store events at six Macy’s stores across the country, highlighting the Asian food experience with special tastings and more.
As Macy’s continues working to stabilize its brick-and-mortar operations, the company reported a drop in comparable store sales in the first quarter.
Facing competitive headwinds from e-commerce and closeout retailers, Macy’s new CEO Jeff Gennette is focused on growing the company’s core business while also expanding the department store’s efforts in the digital space.
For the fiscal fourth quarter ended January 28, Macy’s recorded company net income of $475 million, or $1.54 per diluted share, versus $544 million, or $1.73 per diluted share, in the year-prior period.