Content about Macy's Inc.

April 11, 2013
Judge won’t dismiss Macy’s claim against Martha Stewart

New York State Supreme Court Justice Jeffrey Oing on Thursday refused to dismiss Macy's Inc's claim that Martha Stewart Living Omnimedia violated its contract when it designed certain merchandise for J.C. Penney Co., regardless of whether the items carry the Martha Stewart brand.

New York -- New York State Supreme Court Justice Jeffrey Oing on Thursday refused to dismiss Macy's Inc's claim that Martha Stewart Living Omnimedia violated its contract when it designed certain merchandise for J.C. Penney Co., regardless of whether the items carry the Martha Stewart brand.

March 15, 2013
Focus on: Mobility

Mobility is sure to play an increasingly important role in Macy's omnichannel future, both in commerce and marketing. But don't look for the company to take a cookie-cutter approach.

December 7, 2012
Macy’s board OKs share repurchase

Macy's Inc. said that its board has increased its share repurchase authorization by $1.5 billion.

Cincinnati -- Macy's Inc. on Friday said that its board has increased its share repurchase authorization by $1.5 billion.

The retailer said the increase brings the total approved to buy back shares to $1.86 billion.

Macy's CEO Terry Lundgren said that the company is committed to using its excess cash to enhance shareholder value through buybacks and dividends and the decision reflects the strength of the company's business.

October 1, 2012
Macy’s holiday hiring edges up from last year

Macy’s Inc. said it plans to hire approximately 80,000 seasonal associates for its Macy's and Bloomingdale's stores, call centers, distribution centers and online fulfillment centers nationwide for the 2012 holiday season.

Cincinnati -- Macy’s Inc. said it plans to hire approximately 80,000 seasonal associates for its Macy's and Bloomingdale's stores, call centers, distribution centers and online fulfillment centers nationwide for the 2012 holiday season. This is an increase of about 2.5% from last year.

September 28, 2012
Macy’s to open 450 in-store Finish Line shops

Macy's Inc. announced that Finish Line Inc. would be the department store retailer’s exclusive athletic footwear partner, opening in-store shops in more than 450 Macy’s stores nationwide.

Cincinnati -- Macy's Inc. announced on Friday that Finish Line Inc. would be the department store retailer’s exclusive athletic footwear partner, opening in-store shops in more than 450 Macy’s stores nationwide. The merchandise will also be available online at macys.com.

Under the agreement, Finish Line will be Macy’s exclusive partner for men’s, women’s and kids athletic footwear and Macy’s will be the exclusive host for Finish Line-branded in-store shops.

August 30, 2012
J.C. Penney can go ahead with plans to sell Martha Stewart goods

New York State Supreme Court Justice Jeffrey Oing on Thursday denied Macy's Inc.’s attempt to block J.C. Penney Co. from proceeding with plans to sell a number of Martha Stewart Living Omnimedia home goods products in its stores.

New York -- New York State Supreme Court Justice Jeffrey Oing on Thursday denied Macy's Inc.’s attempt to block J.C. Penney Co. from proceeding with plans to sell a number of Martha Stewart Living Omnimedia home goods products in its stores.

In January, Macy’s sued Martha Stewart Living to stop it from executing a sales agreement with J.C. Penney. Macy’s claimed it had the exclusive right to sell Martha Stewart products in certain categories,  including bedding and cookware.

August 10, 2012
Martha Stewart Living seeks to appeal court ruling in Macy’s favor

Martha Stewart Living Omnimedia Inc. filed a notice of appeal in a lawsuit by Macy's Inc. in New York State Supreme Court in Manhattan, Bloomberg reported.

New York -- Martha Stewart Living Omnimedia Inc. filed a notice of appeal in a lawsuit by Macy's Inc. in New York State Supreme Court in Manhattan, Bloomberg reported.

Macy’s sued Martha Stewart Living in January to stop the company from executing a sales agreement that it announced in December with J.C. Penney Company.  Macy’s said it had the exclusive right to sell Martha Stewart-branded products in certain categories.

May 23, 2012
Macy’s in deal with online retailer in China

Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

Cincinnati -- Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

The chain said it will the goods through a Macy’s section on Omei.com, a newly established China-based online retailer of in-season luxury and fashion brands operated by VIPStore Co., a Chinese e-commerce firm and parent company of Omei.com

May 9, 2012
Macy’s Q1 earnings rise 38%, beat Street but outlook disappoints

Macy's Inc. reported a better-than-expected 38% increase in its first-quarter profit as the chain continues to benefit from its move to target its offerings to local markets.

Cincinnati -- Macy's Inc. reported a better-than-expected 38% increase in its first-quarter profit as the chain continues to benefit from its move to target its offerings to local markets. However, the retailer disappointed the Street by failing to up its guidance for the year.

Macy's said that its net income rose to $181 million for the three-month period ended April 28, up from $131 million a year ago.

Revenue increased 4.3% to $6.14 billion, from $5.89 billion a year ago. Same-store sales were up 4.4%.

May 3, 2012
Spending slows at big retailers in April; Macy’s, Target, Kohl’s, Costco fall short of expectations

Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April.

New York -- Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April. An early Easter, which helped fuel March results, high gas prices, cool weather and renewed worries about the economy contributed to the decline, according to many analysts.

January 7, 2009
Macy’s to Shutter 11 Stores

Macy's Inc. said Thursday it will close 11 underperforming stores in nine states — affecting...

December 16, 2008
Macy's Amends $2 Billion Credit Agreement

Macy's Inc. said Wednesday it agreed to change its $2 billion credit facility to make...

December 3, 2008
Department Stores Struggle

The ongoing economic crisis continued to take a toll on department stores as they headed...

November 30, 2008
S&P Affirms Macy's Credit Rating, Negative Outlook

Standard & Poor's Ratings Services on Monday affirmed its credit ratings for Macy's Inc., citing...

November 11, 2008
Macy's Swings to $44M Loss in 3Q

Macy's Inc. swung to a loss in the third quarter as sales dropped more than...

August 18, 2008
Macy’s Hires Consumer Insight Firm

Macy’s, Inc. has entered into a multi-year partnership with dunnhumbyUSA, a consumer insight firm. Macy’s...

February 29, 2008
Macy's 4Q Profit Up, Sales Down

Macy’s announced Tuesday that its fourth-quarter profits were up slightly, from $733 million to $750...

February 7, 2008
St. Louis Will Help Macy's Unemployed

St. Louis St. Louis Mayor Francis Slay said Thursday that Macy's Inc.'s decision to lay...

February 6, 2008
Macy’s Consolidation Hurts Finlay

New York Finlay Enterprises Inc., which operates Bailey Banks & Biddle and other jewelry stores,...

February 5, 2008
Macy's to Cut 2,300 Management Jobs

Cincinnati Macy's Inc. said Wednesday it will cut about 2,300 management jobs as the department...

November 13, 2007
Macy's Swings to 3Q Profit

Atlanta, Macy's Inc....

October 8, 2007
Macy’s in Deal with LUSH

LUSH Fresh Handmade...

September 17, 2007
Another Marketing Exec Out at Macy's

New York City, ...

May 17, 2007
Shareholders Approve Name Change to Macy's

Cincinnati, Federated Department...