Macy's

Macy’s fiscal first-quarter earnings topped Wall Street’s expectations on Tuesday, reports CNBC. The retailer’s revenue came in roughly in line with revenue expectations as it pointed to early signs of momentum in its turnaround strategy. The department store operator raised its full-year earnings expectations to reflect the first-quarter beat, along with the low end of…

Macy’s has chosen 26 entrepreneurs from underrepresented communities for its 2024 vendor accelerator program, known as “The Workshop at Macy’s,” reports Yahoo Finance. Each participant completing the program receives a $5,000 business grant, and the winner of a pitch contest will get a $100,000 grant, per a Macy’s press release. In addition to getting access…

In episode 383 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Abigail James, senior vice president of marketing at Macy's. During the wide-ranging conversation James discusses Macy's 2022 holiday season strategy (1:03), the customer behavior trends the department store chain has observed over the past few months (3:30), and how those behaviors will influence its…

One of America's most iconic toy stores is returning to brick-and-mortar retail just in time for this year's holiday season, reports NBC News. Toys"R"Us will open shops inside every Macy's store in the U.S. by mid-October, part of a rollout that began last year, the companies announced in a release on Monday. The in-store shops…

Macy’s, Inc. on Monday announced it has hired Emily Erusha-Hilleque, a private label veteran from Target, as senior vice president for Macy’s private brands. In this role, Erusha-Hilleque will lead the company's private brands design organization, including apparel and home design teams, as well as drive the private brands strategy in partnership with Macy’s merchandising…

Macy's said Monday it will raise its minimum wage for new and current workers to $15 per hour by next May, reports CNBC. The retailer has already phased in the $15 hour rate "across several markets" and plans to achieve a national rollout by May 2022, according to a press release. Over the summer Macy's…

In episode 320 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Christine Grasser, manager of corporate communications, giving and volunteerism, and Sam Di Scipio, vice president of corporate communications, giving and volunteerism at Macy's. Grasser and Di Scipio discuss Macy's recent partnership with the National Retail Federation Foundation's RISE Up training and credentialing program, and how the…

Macy's cannot offer the use of its Scan and Pay app for purchases from departments where employees make commissions, and must pay back commissions on such purchases, a labor relations arbitrator has ruled, reports RIS News. The determination applies to three collective bargaining agreements between Macy's and employees at stores in Boston and other New…

Macy's announced Tuesday a new three-year growth strategy that includes plans to close 125 of its least productive stores and cut 2,000 corporate positions among other changes, reports CNBC. The retailer is closing its San Francisco, downtown Cincinnati and Lorain, OH offices, consolidating headquarters to its New York City location. The turnaround plan, dubbed the Polaris strategy,…

Macy's announced Wednesday its plans to close 29 stores in the coming weeks, reports The Washington Post. The closures include 28 Macy's department stores and one Bloomingdale's location, following a reported 0.6 percent decline in same-store sales during the holiday season. That compares with the 1.1 percent growth recorded during November and December last year. Macy's…