Content about Macy's, Inc.

January 8, 2013
Macy's Terry Lundgren joins P&G Board

Procter & Gamble named Macy’s chairman, president and CEO Terry Lundgren as the newest member of its board of directors.

New York  -- Procter & Gamble named Macy’s chairman, president and CEO Terry Lundgren as the newest member of its board of directors.

Lundgren fills a position vacated by current P&G director Johnathan Rodgers who is not seeking re-election when P&G’s holds its annual shareholder meeting in October.

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.

August 28, 2012
Private equity company Clayton, Dubilier & Rice to acquire David’s Bridal

Private equity firm Clayton, Dubilier & Rice on Tuesday announced a definitive agreement to acquire the 300-store David’s Bridal in a deal that values the bridal dress retailer at $1.05 billion.

New York -- Private equity firm Clayton, Dubilier & Rice on Tuesday announced a definitive agreement to acquire the 300-store David’s Bridal in a deal that values the bridal dress retailer at $1.05 billion.
 
Leonard Green & Partners will remain a minority partner. CD&R operating partner Paul Pressler, former CEO of Gap Inc. and former senior Disney executive, will assume the role of chairman at the close of the transaction, expected in the fourth quarter.
  

September 1, 2011
Priscilla of Boston closes stores, shutting down operations

High-end wedding dress maker and retailer Priscilla of Boston said Wednesday it will close at the end of the year.

Boston -- High-end wedding dress maker and retailer Priscilla of Boston said Wednesday it will close at the end of the year. Its 19 store locations were shuttered on Wednesday, and its brands, which include Jewel by Priscilla of Boston and Platinum For Priscilla of Boston, also will be discontinued.

"After nearly 65 years of serving some of America's most beautiful brides, we have made the difficult decision to close our salons after a thorough review of the business environment," the company said in a statement.

February 17, 2011
Foot Locker names Questrom to board

Foot Locker said Thursday it has named Allen I. Questrom, along with Guillermo Marmol, to its board of directors, bringing the total number of directors to 11.

New York City -- Foot Locker said Thursday it has named Allen I. Questrom, along with Guillermo Marmol, to its board of directors, bringing the total number of directors to 11.

Questrom, the former chairman and CEO of J.C. Penney Co., Barneys New York and Federated Dept. Stores, now Macy’s, is currently a senior advisor to Lee Equity Partners.

Marmol is president of Marmol & Associates, and has a long background in information technology and systems.

January 4, 2011
Macy's to expand e-commerce organization, add 725 jobs

Macy’s said Tuesday that it plans to expand its website offerings and would add about 725 new positions over the next two years to implement the e-commerce expansion plan.

New York City -- Macy’s said Tuesday that it plans to expand its website offerings and would add about 725 new positions over the next two years to implement the e-commerce expansion plan.

December 17, 2010
The Retail Power 10

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire.

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire. Some came up through the ranks, earning the trust and admiration of those around them with each passing year. And still others came in later — hired guns — bringing with them an expertise and skill set that sets them apart. All are alike in their ability to create new opportunities and take their businesses to the next level — no easy feat in today’s marketplace.

September 13, 2010
Macy's expanding mobile technology capabilities

Macy’s said Tuesday it has adopted new mobile technologies that will allow the department store...

August 10, 2010
Macy’s Q2 profit soars, ups outlook

Macy's net income surged in the second quarter as the chain saw a payoff from...

June 30, 2010
Macy’s to sell building in Pittsburgh but keep store

Macy's is trying to sell its landmark 13-story building in downtown Pittsburgh....

May 13, 2010
Macy's CEO: Localization key to driving sales

Macy's CEO Terry Lundgren told shareholders at the retailer’s annual meeting Friday that he expects...

January 20, 2010
Macy’s to launch Bloomingdale’s outlet store concept

Bloomingdale’s is going the way of such upscale department stores as Nordstrom and Saks Fifth...

January 4, 2010
Macy's to close 5 underperforming stores; Bloomingdale’s to enter Dubai

Macy's announced on Tuesday that it is gearing up to close five stores, mostly in...

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...

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...

September 29, 2008
RadioShack Appoints Marketing VP

RadioShack Corp. on Monday said that it has appointed Lee Applbaum executive VP and chief...

September 21, 2008
Bloomingdale’s to Open in Dubai

Macy's Inc. said Monday it will open Bloomingdale's stores for the first time outside the...

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...

July 13, 2008
Report: Macy’s ‘Financially Healthy’

Macy's Inc. is "financially healthy" in spite of the declining value of its share price,...

May 13, 2008
Macy's Posts Loss on Weak Sales, Restructuring

Macy's Inc. reported a $59 million first-quarter loss Wednesday because of lower sales and the...

May 8, 2008
Bloomingdale's to Discontinue Mail Catalog

Macy's Inc. on Friday said Bloomingdale's will discontinue its mail catalog by early 2009 and...

March 17, 2008
Brown Shoe Names Two New Board Members

Brown Shoe Co. said late Monday it elected Mario Baeza and Harold "Bud" Wright to...

March 12, 2008
Men's Wearhouse 4Q Profit Slumps

Men's Wearhouse Inc. said its fourth-quarter profit slumped as it integrated a tuxedo-rental business, which...

March 5, 2008
Macy's Stops Reporting Monthly Results

Macy's Inc. has joined the ranks of retailers that have stopped disclosing monthly results. Effective...

February 6, 2008
Macy’s Consolidation Hurts Finlay

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