Jeff Gennette
Why This Black Friday Is Higher Stakes Than Usual for Fashion
After months of speculation, spending next weekend will demonstrate how inflation and the economic downturn are affecting consumer spending. That, plus what else to watch for this week.
Retailers Struggle Despite a Surge in Online Sales
From Macy's to Target, many businesses in the US are grappling with higher expenses related to e-commerce.
Macy's Posts Nearly $4 Billion in Losses
The department store chain reported net sales fell to $3.02 billion in its first quarter following plans to layoff a further 3,900 employees.
Macy’s First-Quarter Sales Plunge
The department store chain reported preliminary adjusted net loss of $630 million compared to a profit of $137 million a year earlier.
Macy's to Reopen Stores Across 68 Locations
The department store chain said it will resume operations in states with relaxed lockdown measures and has set out a preliminary timeline for opening up the rest of its retail locations.
Macy’s Is Ditching the Mall. Will the Plan Work?
The department store chain is closing 125 stores and opening a new small-format store concept. Analysts say pivoting away from struggling malls is a smart move.
Macy’s Climbs After Bouncing Back Strong From Tough Holiday
The department store surged after reporting sales improvements, saying that its strategic turnaround plan is on track to deliver 'long-term profit growth.'
How American Department Stores Plan to Fight Back in 2019
From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.
Macy’s CEO on Reinventing the Store
In a bid to thwart off-price competitors and refresh the store experience, Jeff Gennette is focused on removing pain points and friction while tapping into the magic of radiated sales.
Macy's Posts Same-Store Sales Growth
The department store chain reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter.