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Macy’s Inc. Merging Store and Online Buying, Closing 14 Stores

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York–Macy’s and Bloomingdale’s are restructuring their merchandising and marketing teams to combine online and in-store functions. In a wide-ranging announcement released Thursday by Macy’s Inc. detailed adjustments included in-store staffing, several new stores openings and 14 existing stores closing. “Going forward, one unified merchandising and marketing organization – a …

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Macy’s Inc. Lowers Full Year Outlook on Disappointing Q2 Results

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Macy’s Inc. today reported “disappointing” second quarter earnings with weaker-than-expected profits. The department store also lowered its full year outlook due to the prospect of softer sales, a move that pushed its shares down in trading. For the quarter ended August 3, the parent to Macy’s and Bloomingdale’s stores …