The 41st annual Macy’s 4th of July Fireworks event will showcase a 25-minute display featuring never-before-seen shells and effects.
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.
There’s no retail apocalypse, but long-standing retailers need to find new ways to stay relevant with today’s modern consumers.
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.
A retail revolution is happening before our eyes as the ever-changing purchase habits of consumers continue to rattle the cages of many brick-and-mortar retailers.
The Jeff Gennette era at Macy’s has officially begun as the department store’s board of directors unanimously elected the retail veteran as the company’s new chief executive officer.
The retail news the first few weeks of 2017 has been less than rosy as reports of soft sales, store closures and even a bankruptcy filing have dominated the headlines.
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.
Has the “For Sale” sign gone up at Macy’s?
Despite overall holiday sales growth, some retailers continue to struggle. Perhaps what they need is some old-school retailing to drive sales.
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.
Could J.C. Penney be the next major department store retailer to close stores in 2017?
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%.
Macy’s store total come springtime will be 68 fewer as the venerable department store chain announced a new round of store closures.
Macy’s has named Cheryl Heinonen evp/corporate communications, effective January 9, 2017.
Macy’s is looking to leverage its real estate assets as it plans a turnaround from softer sales and earnings.
Macy’s has sold five stores to General Growth Properties. The sale is part of the retailer’s previously-announced plan to drive profitable growth by reallocating investments to its highest growth potential stores and digital businesses, and to capitalize on opportunities within the company’s real estate portfolio.
Macy’s is adding an array of products from Brookstone to 347 locations and Macys.com with all products available in time for the upcoming holiday season.
For years, television shopping retailers QVC and HSN have been in the homes of millions of Americans, but now, the two appear to be looking to reach shoppers in the heart of New York City, the New York Post reported on Wednesday, October 12.