Macy’s
Macy's Cuts Profit and Sales Forecast After Weak Holiday Season
Department stores had shown signs they were finding ways to cope with declining mall traffic and tough competition from online seller Amazon, but some are predicting an industry-wide slowdown this year.
Macy’s CEO on Reinventing the Store
In a bid to thwart off-price competitors and refresh the store experience, Jeff Gennette is focused on removing pain points and friction while tapping into the magic of radiated sales.
Report: US Holiday Shopping Season Was Strongest in Six Years
Sales in the 2018 US holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report.
Macy's Ends Tmall Store in Second China Strategy Shift of 2018
Macy’s is shuttering its online store on Tmall and will now ship to Chinese consumers directly from its U.S. website.
Shakeup Spells Trouble at J.Crew
This week, everyone will be talking about the abrupt departure of J.Crew's CEO, Black Friday's shopping frenzy and growing pessimism about mass retailers on Wall Street. Read our BoF Professional Cheat Sheet.
Macy's Boosts Annual Earnings Forecast Ahead of Holiday Season
Despite increasing competition online, the retailer surpassed expectations last quarter and has upped its adjusted earning forecast to $4.10 to $4.30 per share.
Macy's to Hire 80,000 Temporary Workers for Holiday Season
The department store chain said 23,500 of its seasonal positions will be based in fulfilment centres to support online orders, a 31 percent increase over 2017.
Inside Bloomingdale's Permanent Pop-Up
Taking a cue from conceptual boutiques and indie brands, the Macy’s-owned chain is launching its ‘shop-in-shop’ concept, to be curated every two months based on a different theme.
Op-Ed | What Do You Know, Retailers Are Figuring It Out
This quarter showed that brick-and-mortar shopping can still be a vibrant business, and that old retail dogs can learn new tricks.
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.