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...
May 29, 2025
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,...
Apr 2, 2025
US department store chain Macy’s has appointed a new executive to a key position. On Tuesday, the company announced the appointment of Daniel Leppo as Senior Vice President and General Merchandise Manager, Men’s and Kids’. In this role, he will lead the merchandising teams in both categories and report directly to Chief Merchandising Officer...
Mar 25, 2025
Good American, the denim-focused brand co-founded by Khloé Kardashian and Emma Grede, has announced its official launch at Macy’s. Launching in 36 selected Macy’s across the nation for Spring 2025, Good American will then expand to 76 Macy’s locations from Fall 2025. The new partnership between the two sees Good American strengthening its...
Mar 11, 2025
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...
Mar 7, 2025
British heritage fashion brand Celtic & Co., known for its ethically sourced, sustainable knitwear, footwear and outerwear, is expanding into the US with Nordstrom and Macy’s with its spring/summer 2025 collection. Celtic & Co. worked in collaboration with Refined Networks, the global e-commerce platform for cross-border digital commerce used by...
Feb 10, 2025
US department store giant Macy’s has appointed Barbie Cameron as its new chief stores officer, a role she will take up from February 16. Cameron has been in the position in an interim capacity since August after serving as Macy’s senior vice president and regional director of stores, East Region, from early 2020. Now taking up the permanent...
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...
Jan 14, 2025
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...
Jan 10, 2025
Department store group Macy’s, Inc. has announced the appointment of Robert Chavez to its board of directors, effective as of April 1, 2025. “Bob will bring significant additional retail industry and leadership experience to our Board as we further our efforts to capture market share across our three nameplates,” said Tony Spring, chairman and...
Jan 6, 2025
2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...
Jan 3, 2025
Traditional American retail brands are experiencing an unexpected renaissance in 2024, even as economic headwinds continue to reshape consumer behaviour. Market data from Placer.ai reveals a nuanced picture where heritage names are finding new relevance, particularly among millennial shoppers who once drove their initial success. Anthropologie...
Dec 27, 2024