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Macy’s to continue focus on enhancing customer experience with acquisition of STORY

Indiaretailing Bureau -
Macy’s has announced that it has acquired STORY, a concept store in New York City. Additionally, Rachel Shechtman, STORY’s Founder and Chief Executive Officer, will join Macy’s, Inc. as Brand Experience Officer, Founder of STORY, reporting directly to Hal Lawton,...
Research

Where Have Macy’s Shoppers Gone?

Indiaretailing Bureau -
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...
International News

Macy’s Chief Financial Officer Karen Hoguet to retire in February 2019

Indiaretailing Bureau -
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...
International News

Macy's Executive Chairman Lundgren to retire in January

Indiaretailing Bureau -
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...
Retail

Retailers offer new tools to help shoppers find the perfect fit

Indiaretailing Bureau -
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...
International News

Macy's lays off 100 employees, names new president to restructure merchandising unit

Indiaretailing Bureau -
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...
International News

Amazon's worth is now more than top 8 brick-and-mortar retailers combined

Indiaretailing Bureau -
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...
International News

Macy's, Sears, JCPenney pull out of malls, US$48 bn of loans at risk

Indiaretailing Bureau -
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...
International News

Apple shop debuts in Macy's flagship store

Indiaretailing Bureau -
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...
International News

In another blow to Welspun, J C Penney offers refunds on 'questionable' products

Indiaretailing Bureau -
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...
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Latest News

Home Decor & FurnishingIndiaretailing Bureau -

Home furnishings brand OBEETEE launches new outlet in Ahmedabad

Located at Bodakdev, the new outlet is the only OBEETEE store to house its complete furniture range Bengaluru: Handcrafted carpets...
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