macys

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%.

Retail
Macy’s Sells Five Store Locations

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.

Retail
Report: QVC, HSN Eye NYC Retail Space

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.

Featured News
Macy’s To Close 100 Stores

With Macy’s sales and earnings continuing to decline over the last few quarters, the department store retailer said it would close 100 stores and boost e-commerce and other omnichannel and strategic initiatives to reinforce its performance.

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