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Macy's Inc

Macy's is closing 68 stores, cutting 10,000 jobs

America's largest department store chain Macy's said it is shutting down 68 stores and cutting more than 10,000 jobs, the media reported. The announcement on Wednesday was issued alongside an unfavourable earnings report, showing comparable store sales dipped 2.1 per...

Walmart stops selling Egyptian cotton sheets made by Welspun

Soon after Target Corp severed ties with Welspun India, alleging that Welspun used cheaper quality cotton while supplying bedsheets, passing it off as premium Egyptian cotton, Walmart has decided to stop selling the same too after the Indian manufacturer was unable to...

Target severs contract with Welspun India, Walmart orders review

Shares of Welspun India logged their biggest one-day fall in over 16 years and lost 20 per cent of market capitalisation on Monday after Target Corp - Welspun's biggest client - severed business ties with them. The Indian company suffered another jolt...

Macy’s using Web to attract foreign interest

Macy's Inc. wants to make it easier for the foreign tourists who visit its stores to keep shopping once they go home.The U.S. retailer this week will begin letting people in foreign countries who visit its macys.com and bloomingdales.com...

Penney snags Apple retail executive as next CEO

J.C. Penney Co Inc is bringing in the man who oversaw Apple Inc's wildly successful foray into retail stores to be its next chief executive and help speed up the department store chain's turnaround.Ron Johnson, Apple's senior vice president...

Macy’s to build a new centre

US-based department store chain Macy's Inc has recently announced that it will build a new fulfilment centre near Martinsburg in Berkeley County, West Virginia, to support the continued growth of its online business.Construction on the 1.3 mn sq.ft facility...

Macy’s to expand Tennessee fulfilment centre

US-based department store Macy's plans to expand its online order fulfilment centre near Portland, in Robertson County, TN, to accommodate continued growth in sales at macys.com.The Portland facility, with 6,00,000 sq.ft of space, was built by Macy's Inc and...

Macy’s to roll out ‘Impulse Beauty’ concept in 54 stores

US-based department store Macy's plans to roll out 'Impulse Beauty' – a new concept featuring an open selling space of niche beauty brands to complement the traditional beauty counters – in 54 Macy's stores across the US by October...
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