Bloomingdale's news and archive

Macy's reports strongest Q3 results in over three years

Macy’s, Inc. reported third-quarter 2025 results that exceeded expectations and raised its full-year guidance, reflecting continued momentum in its “Bold New Chapter” strategy. Net sales reached 4.7 billion dollars, surpassing the company’s forecast, while comparable sales increased 2.5 percent on an owned basis and 3.2 percent on an...

Fashion

Maison de Sabré launches debut signature handbag The Palais in Bloomingdale's

Australian luxury leather goods and accessories brand Maison de Sabré has debuted a new signature handbag, the Palais, which has launched at the brand's online store and exclusively in-store in Bloomingdale’s. Making its debut as New York Fashion Week kicks off, the Palais is said to have been “eight years in the making,” and is the brand’s most...

FeaturedMember

Business

Macy's Q2 sales exceed expectations, raises full-year outlook

Macy’s, Inc. reported stronger-than-expected financial results for the second quarter of 2025 and subsequently raised its full-year outlook. The company's net sales reached 4.8 billion dollars, exceeding its guidance. The market reacted positively to the news, with Macy's stock price witnessing an increase of 20.7 percent on the day of the...

Member

Business

Macy's Q1 earnings beat but lowers outlook amid tariff concerns

Macy's, Inc. announced financial results for the first quarter that surpassed its own guidance, signaling promising progress on its "Bold New Chapter" strategy. The retailer reported net sales of 4.6 billion dollars, despite a 5.1 percent decrease inclusive of store closures compared to the same period last year, and delivered adjusted diluted...

Featured

Retail

How department stores are reinventing their womenswear offering to boost cross-selling

To better reinvent themselves and increase cross-selling, department stores are rethinking their womenswear offering by combining creative labels with ‘heritage’ brands. From Bloomingdale's to Galeries Lafayette, the International association of department stores (IADS) has identified the different hybridisation strategies implemented by...

Featured

People

Leadership changes at Macy's: Thomas Edwards to join as CFO

Macy’s has unveiled significant changes to its executive leadership team and organisational structure including the appointment of Thomas J. Edwards as chief operating officer and chief financial officer, effective June 22, 2025. These organisational changes are aimed at supporting the company's "Bold New Chapter" strategy. "With these changes,...

FeaturedMember

Business

Macy's 2025 sales and profit forecasts miss expectations

In line with many of its rivals, US department store chain Macy’s reported fourth-quarter results that surpassed expectations, yet its sales and profit projections for the upcoming year fell short of investor hopes. The company cited "external uncertainties" as a factor contributing to anticipated weaker future performance. Macy's projected net...

FeaturedMember

Business

Macy’s expects non-performing stores to impact Q4 sales

Macy’s has reaffirmed its fourth-quarter financial expectations, forecasting adjusted diluted earnings per share to fall within the previously announced range of 1.40 dollars to 1.65 dollars. The company also anticipates net sales to be near the lower end of its prior guidance, ranging from 7.8 billion dollars to 8 billion dollars. In a trading...

Member

Retail

Macy’s to close 66 stores as part of “bold new chapter” strategy

Macy's has confirmed the closure of 66 Macy’s store locations across New York City and surrounding regions as a part of the bold new chapter strategy, which was announced in February 2024. The company said in a release that the plan is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150...

FeaturedMember

Management

Macy's cuts full year earnings forecast

Confirming no material impact on its financial results after completion of delivery expense related investigation, Macy’s reported GAAP diluted earnings per share of 10 cents and adjusted diluted earnings per share of 4 cents for the third quarter. Macy’s now projects full year net sales to be in the range of 22.3 billion dollars to 22.5 billion...

FeaturedMember

Business

Activist investors call for change at Macy’s, retailer responds

Two activist shareholders of Macy’s have called on the US department store giant to make a number of changes to its structure, including a possible sale of Bloomingdale’s, after it delivered “limited sustainable improvements” to operating results. In a press release and presentation addressing the retailer, Barington Capital Group LP and Thor...

FeaturedMember

Management

Macy’s delays Q3 results after discovering employee hid millions in expenses

Macy’s has delayed its third quarter results after discovering that one of its employees hid nearly 132 million dollars to 154 million dollars in delivery expenses over the last three years. The company’s net sales for the quarter decreased 2.4 percent to 4.742 billion dollars, with comparable sales down 2.4 percent on an owned basis and down...