Macy's

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…

Macy's Launches Discount Concept
May 5, 2015

Macy’s is launching Macy’s Backstage to help it spur growth. The outlets will offer clearance goods from Macy’s stores as well as brand

Nordstrom, Macy's See Benefits From Keeping Their Discount Stores Close
April 15, 2015

Off-price retailing owes a nod to the basement below Filene's, a Boston department store that figured out a way in the early 1900s to get rid of excess inventory at a discount in a stripped-down space below the fancy sales floors upstairs. In the first decade of the last century, few customers would have had cars to drive to an outlet mall in the middle of a corn field somewhere.

Will Macy's Take Over Belk Stores?
April 6, 2015

Just weeks after Macy's declared it's looking for a new way to grow revenues, a major North Carolina rival confirms it might be for sale. Analysts are skeptical the Cincinnati-based retailer wants to double-down on a traditional department store concept, however. Belk, based in Charlotte, North Carolina, operates 297 department stores throughout the Southeast from Maryland to Texas. Last week, Belk reported a $146.1 million profit on revenues of $4.1 billion, but disclosed it was reviewing its long-term strategic plan and hired investment banker Goldman Sachs to weigh its options.