Macy’s Inc’s planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc’s TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.
Macy’s Inc., the largest department-store chain, forecast annual earnings that fell short of analysts’ estimates after posting disappointing sales growth during the holiday season.
Macy’s Inc. boosted its full-year earnings forecast, citing a “strengthening trend” starting in the fourth quarter, and announced a deal to purchase beauty and spa chain Bluemercury.
From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year “hongbao” gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad.
Department store operator Macy’s Inc said it would close 14 stores in early spring 2015 and cut some jobs to focus on its popular services such as in-store pickups for online orders and “ship-from-store.”
From American Eagle to Apple Stores, beacons are popping up everywhere. Are they a shopper’s best friend or another pesky Big Brother monitoring our every move?
Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier.
After blaming the Polar Vortex’s chill for sluggish results last winter, U.S. retailers now say warm temperatures in October hurt sales of boots and sweaters. Some retail analysts aren’t buying it.
Macy’s Inc., the largest U.S. department-store chain, posted a 23 percent gain in net income last quarter after the company cut expenses, helping it weather disappointing sales.
Nordstrom Inc.’s share price is outperforming Macy’s Inc. as investors bet its earnings will accelerate more than its rival’s in 2015.
A shortage of transportation equipment and possible labor disruptions at the Long Beach port complex is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
The self-taught, sought-after stylist and designer of LOGO by Lori Goldstein, a collection sold via home shopping network QVC, has had, not one, but two fashion careers. Here Goldstein shares how a fine balance of restlessness and hard work led her from the American Midwest to the top of the industry.