macys

Retail
Report: Israel To Lead Macy’s Backstage

Michelle Israel has been promoted to lead Macy’s Backstage and Bloomingdale’s The Outlets off-price divisions, according to a report by WWD. She will hold the title of senior vice president overseeing both divisions.

Retail
Macy’s Celebrates Asian Culture With Chef Kish

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.

Retail
First Insight: Retailers Driving Markdown Mania

According to a study from First Insights, a pricing technology solutions firm, bargain hunting is having a big effect on retail prospects today, with 45% of women who responded to a survey stating that they must see a markdown of 41% or greater to even enter a store today.

Financials
Macy’s Holiday Sales Decline

After detailing a plan to reorganize its operations, Macy’s announced less than happy holiday season results, with comparable sales on an owned-store plus licensed basis declining 2.1% in the 2016 November/December season year over year. Comps at owned locations slipped 2.7%.

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