Macy's, Inc. comparable sales for the November and December 2018 combined increased 0.7 percent on owned basis and by 1.1 percent on owned plus licensed basis. The company has also downgraded its full year outlook. "We delivered our second consecutive year of positive holiday comparable sales, driven largely by the traction of our strategic...
Jan 10, 2019
New York - This year, the world of fashion has been strongly affected by cyberattacks. From Amazon to Macy’s, we review the main hacks targeting the international textile industry. Hackers, cyberattacks and cybersecurity are some of the new words that have been cast within the everyday language of virtually every industry. The world of fashion...
Dec 31, 2018
Rivaling New York City's 72-foot Christmas tree at Rockefeller Center for visitors are the enticing holiday windows all along Fifth Avenue. But from Galeries Lafayette in Paris to Harrods in London, top retailers of the world’s most important shopping cities participate in the tradition of decking out their windows with boughs of holly,...
Dec 12, 2018
Macy’s is withdrawing from China completely by the end of this year. After shutting down its Shanghai store in 2015 and taking down its standalone Chinese website in June, the American department store has decided to also stop operating within Alibaba’s marketplace Tmall. In a statement published on its soon-to-be-closed page, the company...
Dec 7, 2018
Macy's, Inc. has announced that Frank Doroff, Bloomingdale's vice chairman and general merchandise manager for ready-to-wear, Bloomingdales.com and concessions, has made the decision to retire, effective February 8, 2019. The company said that Bloomingdale's has appointed Denise Magid as executive vice president and general merchandise manager...
Dec 6, 2018
Macy’s announced earlier this week that despite its four consecutive quarters of sales growth in its current retail locations, it plans to cut down on square footage in a number of their stores. As the department store chain sees its consumers shifting more towards online shopping, it has come up with a strategy to better use its brick and...
Nov 15, 2018
American department store operator Macy's said on Wednesday its Q3 revenue for 2018 increased by 2.3 percent. Revising its guidance for the full year, Macy's now expects comparable sales on owned plus licensed basis to grow in the range of 2.3 percent to 2.5 percent, net sales growth between 0.3 percent to 0.7 percent and diluted EPS excluding...
Nov 14, 2018
Facebook is the latest company going from clicks to bricks. The Internet giant responsible for social networks Facebook and Instagram has opened nine pop-up stores inside Macy’s locations across the United States to sell products from 100 small businesses and digital-native brands which are present on their platforms. “Every day, million of...
Nov 7, 2018
The board of directors of Macy's, Inc. has declared a regular quarterly dividend of 37.75 cents per share on the company’s common stock, payable on January 2, 2019, to shareholders of record at the close of business on December 14, 2018. For its second quarter and first half, the company reported revenue growth of 1.1 percent....
Oct 29, 2018
Department store chain Macy’s has announced the appointment of David Abney, CEO of United Parcel Service Inc. (UPS), to its board of directors, effective October 25. “David is a strong leader who understands what we need to win in this dynamic, competitive retail environment”, said Macy’s CEO, Jeff Gennette, in a statement. “We are excited to...
Oct 16, 2018
Macy’s, Inc. has appointed David Abney, Chairman and Chief Executive Officer of United Parcel Service, Inc., to its board of directors, effective October 25, 2018. The company said in a statement that Abney has held the roles of chairman and chief executive officer of UPS, Inc. since 2016 and 2014, respectively. He previously served as chief...
