Macy's

Report: Foot Locker to Shutter More Than 100 Stores
March 5, 2018 at 1:08 pm

Foot Locker is the latest retailer to reduce its store count in an effort to cut costs, according to a March 2 Business Insider report. More specifically, the retailer plans to close approximately 110 stores this year, mostly those that are considered underperforming locations. This latest round of store closures augments the 147 stores that Foot Locker closed…

Pizza at Urban Outfitters? Tacos at Tommy Bahama? How Retailers Can Rethink the In-Store Experience
September 19, 2016 at 8:00 am

Traditional retailers are struggling. In the spring of 2016 alone, we saw Sports Authority declare bankruptcy, Aeropostale lose 93 percent of its share price before declaring insolvency, and sales at Kohl's drop. Even as recently as August 11, Macy’s announced it will close another 100 stores. There's little doubt that competition from online retailers has…

Retail Right Now: August 5
August 5, 2016 at 12:13 pm

In this week's Retail Right Now, Total Retail recaps Walmart's potential acquisition of Jet.com and more Sports Authority woes. Also be sure to look out for to next week's earning calls from Macy's, Nordstrom and JC Penney.

Why We Dropped Trump's Menswear Line: Macy's CEO
August 14, 2015 at 9:09 pm

Macy's chief Terry Lundgren said Wednesday it was a business decision to end the retailer's 11-year menswear collection partnership with Donald Trump. Trump stirred a storm of criticism by making disparaging remarks about Mexican immigrants when he announced his bid for the GOP presidential nomination in June. Refusing to comment on what Trump said, Lundgren…

Macy's to Set up China Online Store on Alibaba's Tmall Global
August 13, 2015 at 1:23 pm

Alibaba Group Holding Ltd said it signed an agreement with the Chinese joint venture of Macy's to set up the U.S. retailer's store on its online marketplace, Tmall Global. The deal makes Macy's the first U.S. department store chain to join Tmall Global, Alibaba said on Wednesday. Alibaba and its newer rival JD.com have been…

Retailers Demand Jet.com Remove Links
August 10, 2015 at 2:45 pm

Dozens of the nation’s largest retailers including Macy’s, Amazon.com and Home Depot have quickly moved to disassociate themselves from new discount retail website Jet.com. The retailers complained to Jet after discovering it had placed links to their sites without permission, promising its own members cash back for making purchases after clicking the links. A comparison of Jet’s…

Customers Call on Macy's to Fire Donald Trump
June 30, 2015 at 2:03 pm

Nearly 700,000 people have signed a petition calling on Macy's to fire Donald Trump. NBC cut ties with Trump for calling Mexican immigrants rapists and drug runners. Those comments stemmed from a speech in which he announced his intention to run for president. Now, some consumers argue Macy's should follow suit and dump the businessman.…

Men's Wearhouse is Coming to Macy's
June 12, 2015 at 3:22 pm

Tuxedos are coming to Macy's. The department store chain announced a 10-year agreement with Men's Wearhouse to open tux rental shops at 300 of its stores, according to MarketWatch. Men’s Wearhouse will staff and control the tuxedo shops in Macy’s stores. Seventeen pilot tuxedo shops will open in the fall of 2015 in New Jersey,…

Bluemercury a Fresh Face in Cosmetics for Macy’s
May 26, 2015 at 3:49 pm

Department stores have dominated the cosmetics world for a long time. Macy’s purchase of the growing Bluemercury chain is an acknowledgment that things are changing at the lipstick counter. In February, Macy’s paid $210 million for Bluemercury, a chain of upscale beauty shops and spas based in Washington, D.C. Bluemercury’s new Dallas store is the first of about…

Kohl's is the Latest Retailer to Go Outlet Crazy
May 21, 2015 at 3:41 pm

Kohl’s is about to try its hand at “off price” retail, becoming the latest retail chain to open an outlet store to lift sales and profits. The department store will open a single 30,000 square-foot store in Cherry Hill, N.J., near Philadelphia, in June that will be stocked with “like new” clothes, accessories and home…