Content about Macy

December 18, 2013

Beginning on Friday, Dec. 20 at 7 a.m., 37 Macy’s stores in select cities across the country including Macy’s Herald Square in New York City; Union Square in San Francisco; and State Street in Chicago, will stay open overnight for four days in a row of non-stop shopping until Christmas Eve on Tuesday, Dec. 24 at 6 p.m.

New York -- Beginning on Friday, Dec. 20 at 7 a.m., 37 Macy’s stores in select cities across the country including Macy’s Herald Square in New York City; Union Square in San Francisco; and State Street in Chicago, will stay open overnight for four days in a row of non-stop shopping until Christmas Eve on Tuesday, Dec. 24 at 6 p.m.

In addition to the 24-hour stores, mostly all stores nationwide, except furniture galleries and select locations, will offer extended hours each night until 2 a.m. through Dec. 23.

 

December 2, 2013

A generational shift is afoot that’s about to upend the retail landscape. 

The root cause of the impending transformation lies in changing demographics. By the decade’s end, millennials, also know as Generation Y, will displace baby boomers as the biggest consumer-spending group in the United States. Broadly defined as the generation born from 1980 to 2000, these “echo boomers” will account for approximately $1.4 trillion in spending by 2020, or about 30% of total retail sales, according to Accenture research.

September 20, 2013

Forest City has acquired Macy’s Furniture Store building at the Ballston Common Mall from Macy’s.

Arlington, Va. — Forest City has acquired Macy’s Furniture Store building at the Ballston Common Mall from Macy’s. Forest City, the owner, developer and manager of the mall, plans to redevelop the property and add mixed uses including residential and office. The Home Store, which is connected to the mall on three levels, is the first step in the redevelopment.

August 7, 2013

Macy’s has reached an agreement with Lids Sports Group to offer licensed departments called Locker Room by Lids that will sell Lids merchandise both in Macy’s stores and on the retailer’s website.

New York – Macy’s has reached an agreement with Lids Sports Group to offer licensed departments called Locker Room by Lids that will sell Lids merchandise both in Macy’s stores and on the retailer’s website. Lids Sports Group will operate the departments, which will be the exclusive source of Macy’s in-store team sportswear.

April 17, 2013

The latest round in the battle between Macy’s and J.C. Penney over the sale of Martha Stewart goods went to Macy’s, which on Monday challenged a judge’s decision on Friday to allow certain non-branded Martha Steward items to be sold — at least temporarily — in J.C. Penney stores under the JCP Everyday label.

New York -- The latest round in the battle between Macy’s and J.C. Penney over the sale of Martha Stewart goods went to Macy’s, which on Monday challenged a judge’s decision on Friday to allow certain non-branded Martha Steward items to be sold — at least temporarily — in J.C. Penney stores under the JCP Everyday label.

February 25, 2013

Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney Co. and Martha Stewart Living Omnimedia Inc.

New York -- Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney Co. and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.

The trial is about whether Macy’s has the exclusive right to sell Martha Stewart branded cookware, bedding and certain other products.
 

January 8, 2013

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.

November 5, 2012

For the second year in a row, Macy’s stores nationwide will open at midnight on Black Friday, Friday, Nov. 23.

New York -- For the second year in a row, Macy’s stores nationwide will open at midnight on Black Friday, Friday, Nov. 23.

A new Black Friday feature on Macy’s mobile app will help customers browse and shop for specials specific to their local store.

November 1, 2012

As the holidays approach and retailers are still recovering from Hurricane Sandy, October same-store sales results showcased consistent strength in the department store category.

New York -- As the holidays approach and retailers are still recovering from Hurricane Sandy, October same-store sales results showcased consistent strength in the department store category.

Nordstrom led the pack with a 9.8% rise in same-store sales for the month, and Macy’s Inc. had a solid showing as well.

October 10, 2012

Toys “R” Us and Macy’s announced that the pair will team on a Toys “R” Us Express-branded in-store program slated to open in 24 Macy’s stores during the holiday selling season.

Wayne, N.J. -- Toys “R” Us and Macy’s announced Wednesday that the pair will team on a Toys “R” Us Express-branded in-store program slated to open in 24 Macy’s stores during the holiday selling season.

Beginning mid-October and running through mid-January, the holiday temp departments will operate on a leased basis, will average about 1,500 sq. ft. each and will offer an edited selection of the Toys “R” Us product assortment.

September 28, 2012

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.

September 21, 2012

Executive compensation has always been a hot topic in corporate America — and the retail industry is no exception. These days, two trends are upping the attention paid to pay at the top: the ongoing move to performance-based equity, and the scrutiny compensation packages are receiving from increased SEC regulations and shareholder involvement.

September 4, 2012

As part of its landmark, multi-year, $400 million dollar renovation of Macy’s Herald Square, the department store retailer debuts the Herald Square Café this week.

New York -- As part of its landmark, multi-year, $400 million dollar renovation of Macy’s Herald Square, the department store retailer debuts the Herald Square Café this week.

Located on the second floor with the shoe department, the 1,434-sq.-ft., 45,-seat café will serve Starbucks coffees, chocolates and high-end champagnes.

July 18, 2012

Shopkick, the location-based shopping app that rewards shoppers for walking into stores and interacting with products, and Macy's, announced a full national rollout in more than 800 Macy’s stores of the shopping application.

Palto Alto, Calif. -- Shopkick, the location-based shopping app that rewards shoppers for walking into stores and interacting with products, and Macy's, announced a full national rollout in more than 800 Macy’s stores of the shopping application.

June 22, 2012

A report by Bloomberg said that Macy’s CEO Terry Lundgren is slated to give his deposition next month over a contract dispute with Martha Stewart Living Omnimedia Inc.

New York -- A Thursday report by Bloomberg said that Macy’s CEO Terry Lundgren is slated to give his deposition next month over a contract dispute with Martha Stewart Living Omnimedia Inc.

Citing documents filed Thursday in New York state court, Bloomberg said that Lundgren is scheduled for a half-day of questioning on July 3 in advance of a July 13 hearing on his company’s request for a preliminary injunction.

May 31, 2012

When Macy’s reported a 4.2% May same-store sales gain on Wednesday, ahead of the rest of the pack, analysts wondered whether that would set the tone for the rest of the department store players. It did — and it didn’t.

New York -- When Macy’s reported a 4.2% May same-store sales gain on Wednesday, ahead of the rest of the pack, analysts wondered whether that would set the tone for the rest of the department store players. It did — and it didn’t.

May 30, 2012

Macy’s reported that same-store sales for the month of May increased 4.2% compared with the previous year.

Cincinnati -- Macy’s reported Wednesday that same-store sales for the month of May increased 4.2% compared with the previous year. Revenue rose 4.1% to $2.02 billion.

May 23, 2012

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

February 10, 2012

Walmart, Office Depot and Macy’s were the only three retailers listed among The National Association for Female Executives list of the "Top 50 Companies for Executive Women."

New York City -- Walmart, Office Depot and Macy’s were the only three retailers listed among The National Association for Female Executives list of the "Top 50 Companies for Executive Women."

According to NAFE, women represent 53% of the employees at these companies, on average. Women make up 23% of the board of directors at the NAFE Top 50, versus 16% across the boards of companies in the Fortune 500. In addition, women make up 22% of the executive level at companies in the NAFE Top 50, versus 14% across Fortune 500 companies.

December 12, 2011

Macy’s said it has brought back its “24-hour” stores for three all-nighters beginning Dec. 21. Starting at 7 a.m., 14 Macy’s stores will stay open for 83 hours straight for non-stop shopping until Christmas Eve on Dec. 24 at 6 p.m.

New York City -- Macy’s said Monday it has brought back its “24-hour” stores for three all-nighters beginning Dec. 21. Starting at 7 a.m., 14 Macy’s stores will stay open for 83 hours straight for non-stop shopping until Christmas Eve on Dec. 24 at 6 p.m.

Another 27 Macy’s stores will stay open until 2 a.m. on those same three nights.

December 12, 2011

Macy’s said it has brought back its “24-hour” stores for three all-nighters beginning Dec. 21. Starting at 7 a.m., 14 Macy’s stores will stay open for 83 hours straight for non-stop shopping until Christmas Eve on Dec. 24 at 6 p.m.

New York City -- Macy’s said Monday it has brought back its “24-hour” stores for three all-nighters beginning Dec. 21. Starting at 7 a.m., 14 Macy’s stores will stay open for 83 hours straight for non-stop shopping until Christmas Eve on Dec. 24 at 6 p.m.

Another 27 Macy’s stores will stay open until 2 a.m. on those same three nights.

December 1, 2011

In a heavy promotional environment starring early sales and steep discounting, the department store players turned in mixed performances in November.

New York City -- In a heavy promotional environment starring early sales and steep discounting, the department store players turned in mixed performances in November. Industry-wide retail sales on Black Friday rose 7% to $11.4 billion, the largest amount ever spent, according to ShopperTrak.

November 9, 2011

Macy's net income surged in the third quarter amid strong sales.

Cincinnati -- Macy's net income surged in the third quarter amid strong sales. The retailer on Wednesday also raised its full-year profit outlook and announced plans to build two new stores in New York and one in California.

Macy's earned $139 million for the three months ended Oct. 29, up from $10 million, in the same period last year. Revenue increased 4.1% to $5.85 billion. Same-store sales rose 4%.

October 6, 2011

Macy’s saw same-store sales rise 4.9% in September, beating Wall Street’s expected 4.4% increase, and total sales surged 5.3% to $2.298 billion in the five-week period.

New York City -- Macy’s saw same-store sales rise 4.9% in September, beating Wall Street’s expected 4.4% increase, and total sales surged 5.3% to $2.298 billion in the five-week period.

“We continued to see a strong sales trend in September at both Macy’s and Bloomingdale’s,” said Terry J. Lundgren, chairman, president and CEO of Macy’s. “Our sales performed well both in stores and online. This underscores that our business remains on track, despite the persistently negative macroeconomic news.”

September 1, 2011

Terry Lundgren, CEO of Macy’s, has been appointed to the Federal Reserve Bank of New York board of directors.

New York City -- Terry Lundgren, CEO of Macy’s, has been appointed to the Federal Reserve Bank of New York board of directors.

Lundgren was appointed a class B director starting Aug. 31 for the unexpired porting of a three-year term ending Dec. 11, serving the remainder of GE CEO Jeffrey Immelt’s CEO term.