Macy's

New York-based Macy’s Inc. has announced a multiyear renovation of its flagship store at Herald Square in New York. The company is investing approximately $400 million in the project over the next four years. Additional selling space will be added to allow for expanded assortments and upgraded presentations in key merchandise categories, including shoes, handbags, cosmetics and fashion brands. Work will begin in early spring 2012 and continue in phases through fall 2015. The majority of every floor, virtually every department and the exterior of the building will be improved over the course of the renovation. The store will

Macy's says it will open all of its namesake stores at midnight following Thanksgiving for the first time, becoming the latest retailer to extend hours on the traditional kickoff to the holiday season. The opening is four hours earlier than last year. The Macy's stores, which number more than 800, will stay open for 23 hours straight and close at 11 p.m. on Friday, Nov. 25.

NEW YORK — Macy's announced that this week it will debut the new Giambattista Valli collection, the fourth in the retailer's series of limited-edition, designer capsules created exclusively for its Impulse department. Valli's first-ever collaboration will bring ultra-feminine, jet-set style to the affordable fashion arena for the holiday season, Macy's said. Giambattista Valli for Impulse only at Macy's" will be sold in approximately 225 Macy's stores nationwide and on macys.com/impulse beginning Oct. 26. Priced on average from $50-$150, the line will feature cocktail dresses, flirty skirts, feminine blouses and lightweight jackets in key textures such as lace, tweed, brocade,

More than 100 people were charged in a New York-based identity theft ring in which stolen credit card numbers were used to create fake cards that were given to teams of criminal "shoppers" for spending sprees at higher-end stores including Macy's, Bloomingdale's and Apple. In total, 111 people were charged and 86 are in custody.

Macy's is partnering with fit personalization software provider True Fit to launch virtual sizing technology on its website, mobile site and in-store kiosks. Using the technology, shoppers can see which of the retailer's clothes and shoes will fit them on screen — without having to physically try on the apparel.

Macy's is looking to get its stores to start using radio frequency identification technology sooner rather than later so that the company can manage its inventories better. The technology, known as RFID, will be used to help count items that are considered "replenishment goods."

RSR Research revealed the results of a new report titled The Local Approach: The State of Localized Advertising in Retail. While retailers struggle to create relevant local experiences in digital channels, they are also challenged to maintain their stores’ relevancy.

Coming into the economic downturn's fourth holiday season, dollar stores and high-end retail are looking to fare better than the middle. Shoppers and pedestrians cross 34th Street outside of Macy's Herald Square department store in New York City. (Chris Hondros/) Jeremy Hobson: Family Dollar reports earnings later today, and the outlook is pretty good. The company is benefiting from a growing number of Americans who are in the mood for discounts. Interestingly, at the other end of the retail spectrum, high-end shops are also doing okay. As Marketplace's Adriene Hill reports, you can see the trends in plans for

New York City -- Macy's is reducing the size of its store in downtown Pittsburgh from nine floors of retail space to six (plus a mezzanine). The company has been moving some departments to lower floors since early this year. The store will remain open during the renovations. "The store is being reconfigured for better flow among departments, making shopping easier and more convenient," the company said in a statement. After the consolidation, Macy’s Pittsburgh's flagship will have about 525,000 sq. ft. of space, making it about twice the size of the typical suburban store. All 363 Macy's employees

This fall, Macy's will begin a 350-store test of tablets and handheld devices to engage customers in select merchandise areas. The retailer has also started installing free WiFi service to enable customer use of smart mobile devices, with plans to have more than 300 locations upgraded by the end of October.