Macy’s initiates restructuring to save US$140m
Department store retailer Macy's is to close 14 stores and make a raft of job cuts as it restructures its…
Federated Department Stores Inc
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Macy’s to open first international store
Department store retailer Macy's is to open its first store outside the US, with a location in Abu Dhabi, United…
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UPDATE: Abercrombie & Fitch appoints Horowitz to head Hollister
Abercrombie & Fitch has hired Fran Horowitz from Ann Inc as president of its Hollister brand. Horowitz, previously president of Ann Inc's…
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US: Macy’s sees tangible results from RFID adoption
Macy's says it is seeing "tangible results" from its adoption of radio frequency identification (RFID) technology as the department store…
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US: Macy’s cuts FY sales forecast amid tough headwinds
Despite booking a 3.3% rise in second-quarter sales, department store retailer Macy's Inc today (13 August) lowered its full-year sales…
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US: Investors commit $350m to Glen Senk retail venture
Boston-based investment firm Berkshire Partners LLC has committed to invest $350m in innovative, high-growth retail and consumer businesses through a…
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US: Macy’s to invest $170m in new distribution centre
US retailer Macy's is to invest US$170m in a new direct-to-consumer distribution centre in Tulsa County, Oklahoma, to support omni-channel…
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US: Bloomingdale’s CEO Gould steps down
US department store retailer Macy's has revealed that Michael Gould, chairman and CEO of the Bloomingdale's brand, has stepped down…
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US: Macy’s “disappointed” with Q2 profit, cuts outlook
US department store retailer Macy's has cut its outlook for the full year and reported lower-than-expected second-quarter profits, after sales were…
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US: Macy’s first-quarter profit rises 20% on solid sales
US department store retailer Macy's has today (15 May) booked a 19.9% increase in first-quarter profit on solid sales, despite…