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Macy's news and archive

Macy’s appoints Paramount Global CFO Naveen Chopra to its board of directors

Macy’s, Inc. has announced the appointment of Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023. Chopra, the company said in a release, is an established financial and operational leader who has served as chief financial officer for several high-growth,...

Mar 24, 2023

ManagementFeatured

Macy's Q4 earnings beat analysts' expectations

Diluted earnings per share were 1.83 dollars and adjusted diluted earnings per share 1.88 dollars for the fourth quarter compared to 2.44 dollars and 2.45 dollars in the same quarter of 2021, respectively. According to Refinitiv, the company's adjusted earnings per share of 1.71 dollars excluding a tax benefit, were higher than the analysts'...

Mar 2, 2023

Business

Macy’s to cut reptile and ostrich leather from stores

Department store chain Macy’s has confirmed it will be placing a ban on leather from alligators, snakes, lizards and ostriches in its stores. It comes after pressure from animal rights organisation People for the Ethical Treatment of Animals (PETA), which met with the retailer to provide information on the process behind acquiring such...

Feb 13, 2023

Report

Macy's partners with Pattern Beauty to expand its hair care portfolio

Macy’s has announced the launch of Pattern Beauty with the brand’s extensive assortment of washes, treatments, styling tools and more. As the brand’s first-ever department store partner, Pattern, the company said in a release, expands Macy’s portfolio of hair care products, specifically in the curl category. “We are thrilled to begin our...

Feb 2, 2023

Report

Macy's expects inflation and low consumer sentiment to impact holiday quarter sales

Macy’s, Inc. expects net sales to be at the low-end to mid-point of the previously issued range of 8,161 dollars to 8,401 million dollars while adjusted diluted earnings per share to be in the previously issued range of 1.47 dollars to 1.67 dollars for the fourth quarter. The company said in a release that on a percentage basis, total...

Jan 9, 2023

Retail

Macy’s adds Claire’s installations and digital bra fitting technology to stores

Department store chain Macy’s has unveiled some new features that have been introduced to a number of its stores, including a new partnership with accessory brand Claire’s. The deal has seen Claire’s store-in-stores added to over 20 nationwide Macy’s locations, including eight of the group’s flagships. A selection of the brand’s hair...

Dec 2, 2022

Retail |In Pictures Featured

Christmas windows from around the world

With Christmas fast approaching, FashionUnited has rounded up the best of this year’s festive window displays at iconic department stores across the world, from Selfridges in London to Printemps in Paris and Saks in New York. Selfridges, London Selfridges have transformed 15 windows at its Oxford Street, London store into a must-see festive...

Dec 1, 2022

ManagementFeatured

Macy’s Q3 revenue and earnings beat forecast

Macy’s reported diluted earnings per share of 39 cents and adjusted diluted earnings per share of 52 cents compared to diluted earnings per share of 76 cents and adjusted diluted earnings per share of 1.23 dollars in the third quarter of 2021. The earnings performance compares to diluted earnings per share of 1 cents and adjusted diluted...

Nov 17, 2022

Report

Macy’s appoints SVP of Center Core and Beauty

US department store Macy’s has announced the appointment of Julie Walsh as its new senior vice president, general business manager of Center Core and Beauty. Currently, Walsh serves in the company as vice president, divisional business manager for fragrances. During this role, she was responsible for building the retailer’s fragrance...

Oct 18, 2022

Business

Macy’s enters India through Myntra partnership

US department store chain Macy’s has struck a new partnership with Myntra which has seen its private brands portfolio enter the Indian market. Myntra has incorporated over 600 product options into its platform from Macy’s private brands, which include the likes of Alfani, Karen Scott, Epic Threads and Ideology. Men and women’s apparel make up...

Oct 4, 2022

Business

Macy’s outlines slew of ‘sustainable’ initiatives in new report

US department store chain Macy’s has revealed an update on its achievements towards its sustainability goals, outlined under the social purpose platform, ‘Mission Every One’. As part of the announcement, the group has detailed circular solutions and services it has implemented over the past few years as it begins to move towards becoming a more...

Sep 20, 2022

Report

Macy’s names Pam Quintiliano as head of investor relations

Macy’s, Inc. has announced that Pam Quintiliano will join the company as head of investor relations, effective September 12, 2022. Quintiliano will report to Adrian Mitchell, chief financial officer of Macy’s. In this role, the company said in a statement, Quintiliano will be responsible for leading the company’s active investor relations...

Sep 7, 2022