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Macy’s Inc. Names New Chief Strategy, Chief Growth Officers

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

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Cincinnati—Macy’s Inc. today named two key senior executive changes as the company moves to grow its omnichannel business based on intensive insight into evolving consumer preferences and changing shopping patterns. First, Peter Sachse, who has served over the past year as Chief Innovation and Business Development Officer, will assume a …

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Citing Disappointing Holiday Sales, Macy’s to Eliminate 3,000 Employees

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

New York—Blaming warmer-than-usual weather for disappointing holiday sales, Macy’s Inc. today announced a series of store closures and job cuts in a cost-cutting initiatives. Macy’s plans to close 36 of its 770 existing Macy’s stores early this spring, on top of the four stores it closed late last year. Some 3,000 associate …

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Macy’s Announces Plans for 35 to 40 Store Closings

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Cincinnati—Although specifying that soon-to-be closed Macy’s stores represent only 1% of the department store company’s total, Macy’s Inc. today announced plans to close 35 to 40 in early 2016 as the company works to “optimize its omnichannel approach to customers across America.” Repercussions of Omnichannel “Physical stores remain absolutely vital …

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Macy’s, Bloomingdale’s Roll Out Same-Day Delivery to Additional Markets

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

Cincinnati—If you don’t think same-day delivery is being a key marketing tool for major retailers, take a look at this news today from Macy’s, Inc. The department store company announced that Macy’s and Bloomingdale’s are expanding same-day delivery service to nine additional markets, beginning this month, for products purchased online …

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Macy’s Inc. Expects 2014 Earnings to Exceed Previous Forecast

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Cincinnati—Macy’s Inc. provided a preview today of its fourth quarter and full 2014 earnings report, one that promises to be better-than-expected. “We are very pleased with our fourth quarter performance, which represents a strengthening trend from the third quarter and spring season,” said Terry J. Lundgren, chairman/ceo of Macy’s Inc. …