Macys

Macy’s is the US department store market leader, but the company has experienced falling sales and consequent loss of market share in recent years.To find out where those shopper dollars have gone, we surveyed US consumers and asked those...

Macy’s, Inc has announced that Karen Hoguet, Chief Financial Officer since 1997, has decided to retire in February 2019, at the completion of the company’s fiscal year. An external search is underway for Hoguet’s replacement and the company anticipates...

Department store operator Macy’s on Friday announced that Executive Chairman Terry Lundgren will retire on January 31. The retailer named CEO Jeff Gennette as Lundgren’s replacement. Gennette will serve as both chairman and CEO after Lundgren retires. Macy’s said its board...

Stores watching Amazon take a larger share of clothing sales are trying to solve one of the most vexing issues for online shoppers: Finding items that fit properly. According to a PTI report: The retailers are unleashing tools that use...

Macy's Inc. announced a management shakeup Monday, with the hiring of an eBay executive, Hal Lawton, as President and the elimination of 100 jobs by consolidating the company's merchandising, planning and private brands functions. "Hal Lawton has deep expertise at...

According to Credit Suisse analysts led by Eugene Klerk, with a current market cap of $390 billion, Amazon is now worth more than the top eight traditional brick-and-mortar retailers combined. The note by the analysts' goes on to say that the Seattle-based retail...

New research by Morningstar shows that there is no end in sight for the shopping mall crisis in the US. The research report says that hundreds of shopping malls have shut down over the last several years amid a pullback in consumer...

Macy's flagship Herald Square store in US now houses an Apple shop, which will be manned by Apple associates. The consumers can shop from an eyeliner to various Apple products like like iPhones, iPads, MacBooks, and the new Nike-branded...

In what is being seen as a spin-off of the Welspun disaster, US-based retailer J C Penney has said it will be offering refunds to shoppers who purchased certain towels and a comforter set. This, even though the retailer is unable to...

Macy's Inc is planning to close about 100 stores. Macy’s closures represent about 15 per cent of the company’s total number of department stores. After six quarters of falling sales, the US-based departmental store is trying to turn around...