Macy's to centralize, cut 7,000 jobs
Macy's Inc. has announced a series of cost-cutting measures that will jettison its regional divisions, create a unified corporate structure and eliminate 7,000 jobs, with most of the cuts focused on...
Macy's December sales down 4 percent
Cincinnati--Same-store sales at Macy's Inc. decreased 4 percent in December and 7.5 percent for the combined November-December holiday selling period, compared with the same periods last year, the...
Macy's acts to amend bank credit facility
Cincinnati--Macy's Inc. announced today that it has amended its existing bank credit agreement, led by Bank of America and J.P. Morgan.
Macy's November sales down 13.3 percent
Cincinnati--Same-store sales at Macy's Inc. decreased 13.3 percent for the four weeks ended Nov. 29, compared with the same period last year, the company reported on Friday.
Macy's October sales down 6.3 percent
Cincinnati--Same-store sales at Macy's Inc. decreased 6.3 percent for the four weeks ended Nov. 1, and total sales were down 6.9 percent to $1.72 billion, compared with $1.85 billion for the same...
Macy's October sales down 6.3 percent
Cincinnati—Same-store sales at Macy's Inc. decreased 6.3 percent for the four weeks ended Nov. 1, and total sales were down 6.9 percent to $1.72 billion, compared with $1.85 billion for the...
Macy's turns 150 today
New York—Famous department store and retail pioneer Macy's is celebrating its 150th birthday today.
Macy's sees deeper drop in sales than forecasted
Cincinnati--Same-store sales at Macy's Inc. have decreased 5.8 percent for the third quarter to date (August and September sales combined), and 3.2 percent for the year to date, representing a...
Macy's sees deeper drop in sales than forecasted
Cincinnati—Same-store sales at Macy's Inc. have decreased 5.8 percent for the third quarter to date (August and September sales combined), and 3.2 percent for the year to date, representing a...
Macy's to launch private-label jewelry line
New York—Department store giant Macy's is about to call an exclusive jewelry line its own.
Macy's 2Q sales slip 2.1 percent
Cincinnati—Amid a difficult retail environment, same-store sales for Macy's Inc. fell 2.1 percent for the second quarter ended Aug. 2, compared with the same period last year.
Macy's 1Q same-store sales drop 2.6 percent
Cincinnati—Same-store sales at Macy's Inc. decreased 2.6 percent for the first quarter, and total sales decreased 2.9 percent to $5.747 billion compared with $5.921 billion for the same period...
Macy's eyes international expansion
Cincinnati—Macy's Inc. will be analyzing opportunities for international expansion with the appointment of Daniel Edelman to the new post of president for international retail development.
Training sessions helped focus leadership post-acquisition
Leadership training was key to unifying roles after Federated Department Store's acquisition of May Co., Stores.org reported.
Macy's turning over a new leaf
New York—Macy's is the latest company to go "green," partnering with the National Park Foundation to raise money for green space nationwide.
Macy's ads add heavyweights
Macys spring 2008 advertising campaign—which launches in Spanish on Sunday with English versions to follow during primetime Monday—includes pop artists Mariah Carey and Carlos Santana,...
Macy's extends Finlay lease
New York—Finlay Enterprises Inc. announced today that it has signed a two-year extension of its license agreement with Macy's Central, a division of Macy's Inc.
Macy's sales dive prompts consolidation
Cincinnati—Same-store sales at Macy's Inc. decreased 7.1 percent for the four weeks ended Feb. 2, and total sales plummeted 28.4 percent to $1.275 billion, compared with $1.782 billion for the...
Twin department stores make some malls see double
Due to the merger of Macys parent company and May Department Stores, Fair Oaks Mall in Virginia has become one of 85 malls across the country to have two Macys stores under its roof, The Washington...
Macy's holiday sales tumble
Cincinnati—Same-store sales at Macy's Inc. for the five weeks ended Jan. 5 plummeted 7.9 percent, following a 13.4 percent increase in November, the company announced.