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

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People

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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The Webster Opens First Location Outside Of Florida at Galleria In Houston

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Dallas—Famed Miami specialty retailer The Webster just opened its fourth boutique inside The Galleria in Houston. The 5,000 square foot, newly constructed, freestanding building with its own, dedicated valet service, is referred to as the “Jewel Box”. “I am thrilled to have the opportunity to open my fourth location, and …

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Brentwood Associates Buys Boston Proper from Chico’s

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Los Angeles–Brentwood Associates, a private equity investment firm, announced today that it has acquired Boston Proper direct-to-consumer business from Chico’s FAS, Inc. Terms of the agreement were not disclosed. Boston Proper is a Boca Raton, Florida-based multi-channel retailer of women’s apparel and accessories. In partnership with existing Boston Proper management, …

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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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Accessories Honors 2016 Merchants Hall of Fame Inductees

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 New York—Accessories magazine proudly presents the 2016 class of its annual Merchants Hall of Fame! The recipients were selected by the vendor and retailing community for their exceptional retailing expertise and business/fashion acumen. Each received a full-page profile in Merchants Hall of Fame section in the January/February 2016 issue of Accessories. …