Macy's news and archive

Macy’s confirms further 14 store closures

US department store Macy’s is due to close a further 14 locations this year as part of its ongoing ‘Bold New Chapter’ transformation strategy. The additional store closures were confirmed in a memo to employees from chairman and CEO Tony Spring, seen and reported on by WWD. In the note, Spring said: “In executing our strategy, we continue to...

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US retail industry outlook: Store closures persist into early 2026

Following a year marked by extensive store closures in 2025 – from the bankruptcy and eventual collapse of Joann Fabrics, to major network restructurings at Macy’s and Kohl’s – the US retail industry is likely anticipating some respite in the year. However, turbulence appears set to persist, at least through early 2026. Data from Business...

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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...

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Macy’s opens new fulfillment centre in North Carolina

US department store giant Macy’s has opened a new customer fulfillment centre in North Carolina as part of continued efforts to enhance its supply chain network. Located in China Grove, the facility intends to expand the company’s reach, allowing for faster, more efficient service. The site itself, said to be the largest to date, supports all...

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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...

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Value-focused shoppers drive Q2 traffic at off-price retailers

Cost-conscious consumers continued to fuel momentum for US off-price chains in the second quarter, with Placer.ai data pointing to strong year-on-year traffic gains at TJX, Ross and Burlington ahead of their earnings releases. By contrast, department store operators Kohl’s and Macy’s saw notable declines, underscoring the bifurcation in consumer...

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Macy’s collaborates with costume designer Alix Friedberg

US retailer Macy’s has unveiled its first-ever brand collaboration for its private label On 34th with costume designer Alix Friedberg, known for her work on the Emmy award-nominated Apple Original series, ‘Palm Royale’. The On 34th | Alix Friedberg capsule channels the playful sophistication and easy elegance that define the Palm Royale’s...

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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...

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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,...

People

Macy's appoints Daniel Leppo as head of merchandising for men's and children's clothing

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...

Retail

Good American launches in Macy's for Spring 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...

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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...