All Macy's articles – Page 3
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OpinionDepartment stores still have an important role to play
It is probably a generational thing but often when you think department stores you are drawn to a particular name and the town or city that links it.
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AnalysisMacy’s aims to grab share of online market in China
In May department store Macy’s said it would test the waters in China by acquiring a $15m (£9.5m) stake in online retailer VIPStore, or Jiapin as it is now known on its website.
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OpinionM-commerce puts the high street under pressure
To click or to wander? Last month, Boston Consulting Group published findings stating that the UK has the largest internet economy of the G20.
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News
First quarter sales increase at Macy's
Department store group Macy’s sales rose 4.3% to $6.1bn (£3.8m) in the first quarter of 2012 when like-for-likes were up 4.4%. Online sales – Macys.com and Bloomingdales.com combined – climbed 33.7%. Online sales are included in the like-for-like sales calculation and lifted the retailer’s like-for-likes by 1.5 percentage points. Macy’s ...
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GalleryJohn Lewis: New-look beauty hall
John Lewis Oxford Street’s new beauty department is an exercise in brand promotion while remaining a branded house.
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News
Macy’s to tweak online model
Department store group Macy’s plans to tweak its online model.The Macy’s ‘Store to Door’ pilot, a service enabling shipment to the customer’s home from another store if one shop is out of a product, is to expand from 23 to 290 of the retailer’s 810 stores this year.However, items will ...
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News
Sales increase for department store Macy’s
Department store operator Macy’s has said sales in the second quarter ended July 30 rose 7.3% to $5.94bn (£3.7bn) and 6.4% on a like-for-like basis. Online sales (Macys.com and Bloomingdales.com) were up 40.2%. Operating income climbed 37% to $506m (£313m).Macy’s chairman, president and chief executive Terry Lundgren said: “All of ...
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NewsMacy’s begins shipping to UK
US department store chain Macy’s is making a play for the UK as it opens up its website to customers here
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AnalysisMultichannel comes of age
Data analytics, mobile commerce and precision marketing were all hot topics at this year’s NRF. Rebecca Thomson reports
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News
Macy's expands online fulfilment centre to cope with growth
Department store chain Macy’s has announced it will expand its online order fulfilment centre near Portland, Tennessee, to accommodate continued online sales growth.The 600,000 sq ft facility opened in spring 2007. The expansion will add 374,000 sq ft. Construction is expected to begin this autumn so that the expanded facility ...
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News
First overseas Bloomingdale’s set for Dubai
Macy’s chairman, president and chief executive officer Terry J Lundgren has revealed the first Bloomingdale’s store overseas - a 200,000 sq ft unit opened in February in Dubai and licensed to Al Tayer Insignia - is already contributing to corporate earnings. He also disclosed at the company’s AGM that the ...
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News
Macy's like-for-likes up 5.5%
Macy’s has reported $5.57bn (£3.85bn) sales in the first quarter, an increase of 7.2% compared with the same period last year. Sales were up 5.5% on a like-for-like basis.Online sales (Macys.com and Bloomingdales.com combined) were up 34% in the period.Net income was $23m (£15.9m), compared to an $88m (£60.9m) loss ...
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News
Macy's to cut 1,500 jobs
Department store operator Macy’s is to cut 1,500 store-level jobs, according to reports in the US press.The move comes as the retailer strives to improve efficiencies across the company. Remaining staff will undergo training to take on additional responsibilities.Macy’s spokesman Jim Sluzewski declined to confirm the number of redundancies, but ...
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News
Macy's to launch outlet store
Macy’s-owned Bloomingdale’s plans to launch outlet stores.The first four outlet stores will open in the second half of the year, with two expected to be located in South Florida.The 25,000 sq ft stores will carry clothing and accessories for women, men and children. They will feature both new merchandise and ...
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News
Macy’s credit rating reduced to junk status
Macy’s had its credit rating reduced to junk status by ratings agency Moody’s.
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News
Bloomingdale’s boss defends premium strategy
Department store retailers should continue to push upmarket in defiance of the downturn, according to Bloomingdale’s chairman and chief executive Michael Gould.
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Opinion
The Retail Week – May 30, 2008
While the American economy might be heading towards recession, New York still remains the epicentre of the retail world.
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News
Macy’s rolls out iPod vending machines
US department store chain Macy’s has rolled out vending machines for consumer electronics to 400 stores.
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