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Macy’s to Build Major New Fulfillment Center

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

Cincinnati, OH—Macy’s, Inc. today announced it will build a major new direct-to-consumer fulfillment center near Owasso in Tulsa County, Oklahoma, to support continued sales growth driven by Macy’s omnichannel strategy. Construction of the 1.3 million-square-foot, $170 million facility is expected to begin in spring 2014, with operations starting in April …

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Macy’s Inks Deal for Thalía Fashion Brand

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

New York—Looking to expand on the growing Latino fashion market, Macy’s announced last week that it had signed a multi-year agreement for an exclusive apparel and accessories brand inspired by Thalía, an internationally recognized actress, recording artist, music producer, author and philanthropist. The new brand, which will be called Thalía …

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Macy’s Inc. Q3 Profit, Sales Better-Than-Expected

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

New York—Macy’s Inc. rebounded today after posting a “disappointing” second quarter earnings in August. Today, the department store company boasted a 31% increase in its third quarter profit, beating expectations. “Our business improved during the quarter, with particular strength in October, so we are entering the fourth quarter with confidence,” …

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Bloomingdale’s Gould to Step Down, Tony Spring to Succeed as CEO

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

People

New York—Michael Gould, the veteran retail executive who has guided Bloomingdale’s for the past 22 years, will soon leave. Replacing him as chairman/ceo will be Tony Spring, currently Bloomingdale’s president/chief operating officer, Macy’s Inc. said today. “Leading this great brand and organization to a new level of success over two …

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Macy’s, Inc. Offers $400 Million in Notes to Raise Capital

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Cincinnati—In a move that would increase capital and reduce debt, Macy’s, Inc. announced Tuesday a $400 million public offering of 10-year senior unsecured notes due 2023 by its wholly-owned subsidiary, Macy’s Retail Holdings, Inc. Macy’s Retail Holdings will use the net proceeds for “general corporate purposes, which may include working …

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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 …