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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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Macys.com Launches Alliance to Provide Independent Designers an Outlet

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New York—Determined to attract yet another generation to its department store business, Macy’s today announced the launch of a collaboration with online fashion tech start-up company Nineteenth Amendment on macys.com. The exclusive partnership will expose Nineteenth Amendment’s stable of up-and-coming designers to Macy’s Millennial shoppers who will have the opportunity …

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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. …

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

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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. Outlines Omnichannel Strategies, Including Apple Pay

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

Cincinnati—Macy’s, Inc. today outlined its latest advancements in omnichannel strategy and technology as the company continues to add new dimensions for attracting shoppers and serving the needs of individual customers. “Macy’s and Bloomingdale’s remain committed to operating at the forefront of innovation, as well as fostering a locally relevant shopping …