Macy's news and archive

Sharon Otterman to join Macy’s as chief marketing officer

Sharon Otterman has been named chief marketing officer of Macy’s. Otterman, the company said in a release, will begin leading the Macy’s marketing organisation starting on Monday, December 11, reporting to Tony Spring, president and CEO-elect, Macy’s, Inc. “Sharon brings a diverse background in media, entertainment, and digital transformation to...

ManagementFeatured

Macy's raises full year profit target

Macy’s reported third quarter diluted earnings per share of 15 cents and adjusted diluted earnings per share to 21 cents, while net sales of 5 billion dollars were down 7 percent. The company's comparable sales declined 7 percent on an owned basis and 6.3 percent on an owned-plus-licensed basis. Commenting on the outlook, the company said it now...

Fashion

Macy's launches Disney100 collection in honor of Disney's 100th Anniversary

US department store chain Macy's has expanded its collection of Disney products across all its categories to mark Disney's 100th anniversary. Named the Disney100 collection, the new assortment features products for all ages and includes toys, jewelry and watches, home and entertaining, apparel and accessories, as well as holiday-themed products....

Fashion

Macy’s unveils ‘mstylelab’, a new fashion platform that blurs lines between physical and digital worlds

US department store Macy’s has launched a new future-looking engagement platform, mstylelab, that blends the physical and digital worlds to create “cutting-edge experiences.” Part of Macy’s web3 digital strategy, the online platform offers users a new digital space for style inspiration and fashion immersion experiences. Accessible on any device...

Retail

Macy’s to expand small-format concept with 30 new locations

US department store giant Macy’s is preparing to expand on its small-format store strategy, as it plans to open 30 new locations from the beginning of 2024. The company said this would triple the current number of small-format stores through to autumn 2025, adding to the nearly 15 Macy’s and Bloomie’s locations it currently operates. In a...

Fashion |Beauty

Jennifer Lopez’s JLo Beauty launches at Macy’s

JLo Beauty, the beauty brand inspired by the beauty secrets of singer and actress Jennifer Lopez, has launched at Macy’s stores nationwide, online and via the retailer’s app. The JLo Beauty range at Macy’s will include an assortment of skincare, beauty and bodycare products, including bestsellers such as ‘That JLo Glow Serum’ and ‘Firm + Flaunt...

RetailFeatured

Macy's expands small-format store strategy

American department store chain Macy’s has announced four new small-format stores scheduled to open by autumn in the Northeast and Western regions of the US as part of its ongoing expansion strategy to give customers curated selections in a “fresh space with a new vibe”. In 2020, Macy’s introduced the first iteration of its small-format stores...

ManagementFeatured

Macy’s posts Q2 loss as sales drop, but reaffirms outlook

Macy’s has reported an 8 percent drop in net sales in the second quarter, but that was still better than it had expected. The US department store chain generated Q2 sales of 5.13 billion dollars, down from 5.6 billion dollars the prior year, as the company faced “uncertainty in the macroeconomic environment”. However, the drop in sales was...

Report

Macy’s taps McKinsey vet as chief customer and digital officer

US department store chain Macy’s has named Massimo (Max) Magni as chief customer and digital officer. In his new role, which he’ll begin on August 21, Magni will guide the strategic long-term vision and growth of the company’s digital business, including its e-commerce sites, mobile apps, marketplace, and loyalty and gift registry programs....

Business

Macy’s launches new womenswear brand, On 34th

US department store group Macy’s has unveiled a new private brand for women as part of its ongoing effort to bolster the company’s portfolio of owned labels. Dubbed ‘On 34th’, the brand offers women’s apparel and accessories for everyday life, including both wardrobe staples and more elevated pieces. The launch comes as Macy’s continues to...

ManagementFeatured

Macy's lowers FY outlook as Q1 sales, profits drop

Macy’s has downgraded its full-year outlook as sales fell 7 percent in the first quarter amid falling consumer demand. The US department store giant made net sales of 5 billion dollars in the first quarter, with brick-and-mortar sales down 6 percent and digital sales down 8 percent. CEO and chair Jeff Gennette told investors: “We planned the...

PeopleFeatured

Not-so-average: WyQuasia King - Director and Buyer at Macy’s

WyQuasia King is a 33-year-old director and buyer for Macy’s who is from Westchester, NY. Her most notable work is the Macy’s and Casper Divine Nine Sorority Collection - a collection of dresses and suits that celebrate the work and colors of the various Divine Nine Sororities. “It was my most prized and most proud accomplishment in my career,”...