Bluemercury news and archive

Macy’s plans 60 new Bluemercury stores

The cosmetics brand acquired by Macy’s Inc. in 2015 for 210 million dollars has proven so profitable that now they want to expand it by opening another 60 stores. This will better position Macy’s Inc. to compete with Ulta and Sephora. The news was first reported by Bloomberg. The additional stores will bring Bluemercury’s store count to 220,...

Business

Macy's completes Bluemercury acquisition

Department store operator Macy's said Monday that it has completed its acquisition of luxury beauty products and spa services retailer Bluemercury, Inc. for 210 million dollars in cash. The deal was announced last month. Bluemercury, based in Washington, D.C., currently operates about 60 specialty stores in 18 states, typically in prime...

BusinessFeatured

Macy's purchases Bluemercury for 210 million dollars

Department store chain Macy's Tuesday agreed to buy Bluemercury Inc, a luxury beauty products and spa services retailer, for 210 million dollars in cash. Macy's expects to close the deal in its fiscal first quarter which ends on May 2 and be accretive to its earnings in its first full year (fiscal 2016). Bluemercury, based in Washington, D.C.,...